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Global Economic Turmoil and the Public Good

Author

Listed:
  • Steven Rosefielde

    (University of North Carolina, USA)

  • Daniel Quinn Mills

    (Harvard Business School, USA)

Abstract

The global financial crisis of 2008 was resolved over the course of two years after the collapse of the US housing bubble, but the world economy did not vigorously rebound as expected. The West has been torpid, while Asian economic vitality has steadily waned. These developments have been diversely interpreted and authorities have responded with a series of institutional reforms and policy fixes, without coming to grips with accumulating national debts, the kinds of speculative practices that caused the financial crisis, and the inadequacies of neoclassical and Keynesian macroeconomic explanations.

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Suggested Citation

  • Steven Rosefielde & Daniel Quinn Mills, 2015. "Global Economic Turmoil and the Public Good," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 9110.
    • Handle: RePEc:wsi:wsbook:9110
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    File URL: https://www.worldscientific.com/worldscibooks/10.1142/9110
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    Cited by:

    1. Steven Rosefielde & Yiyi Liu, 2018. "Local Public Debt Management: Lessons From Greece In Inclusive Economic Perspective," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 63(04), pages 967-980, September.

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