IDEAS home Printed from https://ideas.repec.org/a/mes/challe/v45y2002i6p70-92.html
   My bibliography  Save this article

Destabilizing an Unstable Economy

Author

Listed:
  • Charles Whalen
  • Jeffrey Wenger

Abstract

One reason the U.S. economy has enjoyed more stability in the post-World War II era is its automatic stabilizers. Markets on their own do not adjust rapidly or without undue pain. The authors, like their mentor on this issue, the late Hyman Minsky, argue that they may indeed collapse into a sustained period of high unemployment. But in recent decades, the nation has let automatic stabilizers erode. The authors present both theory and practice, and call for a strengthening of these automatic stabilizers again.

Suggested Citation

  • Charles Whalen & Jeffrey Wenger, 2002. "Destabilizing an Unstable Economy," Challenge, Taylor & Francis Journals, vol. 45(6), pages 70-92.
    • Handle: RePEc:mes:challe:v:45:y:2002:i:6:p:70-92
    DOI: 10.1080/05775132.2002.11034179
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/05775132.2002.11034179
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/05775132.2002.11034179?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. David A. Zalewski & Charles J. Whalen, 2011. "Towards a more rapid recovery: incorporating subsidiarity into macroeconomic policy," Chapters, in: Charles J. Whalen (ed.), Financial Instability and Economic Security after the Great Recession, chapter 5, pages 93-113, Edward Elgar Publishing.
    2. Charles J. Whalen, 2020. "Post-Keynesian institutionalism: past, present, and future," Evolutionary and Institutional Economics Review, Springer, vol. 17(1), pages 71-92, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:challe:v:45:y:2002:i:6:p:70-92. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MCHA20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.