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The Great Recession: Market Failure or Policy Failure? - Studies in Macroeconomic History Robert L. Hetzel
The Great Recession: Market Failure or Policy Failure? - Studies in Macroeconomic History
Robert L. Hetzel
The 2008–9 recession destroyed the professional consensus about the kinds of models required to understand cyclical fluctuations, reviving credit-cycle explanations of recession that dominated nineteenth- and early twentieth-century thinking. These 'market-disorder' views emphasize excessive risk taking in financial markets and the need for government regulation.
400 pages, 64 b/w illus. 4 tables
| Media | Books Paperback Book (Book with soft cover and glued back) |
| Released | October 30, 2014 |
| ISBN13 | 9781107459601 |
| Publishers | Cambridge University Press |
| Pages | 400 |
| Dimensions | 153 × 229 × 24 mm · 630 g |
| Language | English |