IDEAS home Printed from https://ideas.repec.org/p/iwe/workpr/198.html
   My bibliography  Save this paper

On the nature of the present world economic crisis. A non-neoliberal sketch

Author

Listed:
  • Peter Farkas

    (Institute of World Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences)

Abstract

The author wrote this paper in 2009, after the outbreak of the crisis. The paper, in the first place, was made for the young economist generation about the non-liberal crisis interpretation. The main thoughts are also topical at present, in the middle of 2011, when perhaps a new wave of the crisis might have started, for world economic tensions, which the paper introduces, survived in essence as the consequence of bank-saving and money-producing policies. At first, the paper enumerates the crisis explanations from Sismondi through Marx to Krugman and Roubini the economists of our present days. It shortly mentions previous typical world economic crises and lists their changing features, outlines the stages of economic cycles, and touches upon the existence of the greater crises that change the functioning of capitalism, the so-called node crises.

Suggested Citation

  • Peter Farkas, 2011. "On the nature of the present world economic crisis. A non-neoliberal sketch," IWE Working Papers 198, Institute for World Economics - Centre for Economic and Regional Studies.
  • Handle: RePEc:iwe:workpr:198
    as

    Download full text from publisher

    File URL: https://vgi.krtk.hu/publikacio/no-198-2011-08/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. World Bank, 2012. "World Development Indicators 2012," World Bank Publications - Books, The World Bank Group, number 6014, December.
    2. World Bank, 2009. "World Development Indicators 2009," World Bank Publications - Books, The World Bank Group, number 4367, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Li, Aijun & Du, Nan & Wei, Qian, 2014. "The cross-country implications of alternative climate policies," Energy Policy, Elsevier, vol. 72(C), pages 155-163.
    2. Kazuhiro Obayashi, 2014. "Information, rebel organization and civil war escalation: The case of the Liberation Tigers of Tamil Eelam," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 17(1), pages 21-40, March.
    3. B. Sudhakara Reddy & P. Balachandra, 2013. "Benchmarking urban sustainability: A Composite index for Mumbai and Bangalore," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2013-008, Indira Gandhi Institute of Development Research, Mumbai, India.
    4. Cochrane, Nancy & D'Souza, Anna, 2015. "Measuring Access to Food in Tanzania: A Food Basket Approach," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, issue 02, pages 1-13, March.
    5. Nyagumbo, Isaiah & Nyamadzawo, George & Madembo, Connie, 2019. "Effects of three in-field water harvesting technologies on soil water content and maize yields in a semi-arid region of Zimbabwe," Agricultural Water Management, Elsevier, vol. 216(C), pages 206-213.
    6. Arnstein Aassve & Francesco Billari & L√àa Pessin, 2012. "Trust and fertility dynamics," Working Papers 055, "Carlo F. Dondena" Centre for Research on Social Dynamics (DONDENA), Università Commerciale Luigi Bocconi.
    7. Ghazi Ibrahim Al-Assaf, 2016. "Do International Remittances Affect the Performance of Labor Market in Jordan? An Impirical Investigation," Working Papers 1014, Economic Research Forum, revised Jun 2016.
    8. Jeong-Soo OH, 2014. "Does ASEAN-Korea FTA Reduce Poverty in Laos? The Roles of FDI and Trade Facilitation," Journal of Social and Development Sciences, AMH International, vol. 5(2), pages 50-57.
    9. Liverpool-Tasie, Lenis Saweda & Salau, Sheu, 2013. "Spillover effects of targeted subsidies: An assessment of fertilizer and improved seed use in Nigeria," IFPRI discussion papers 1260, International Food Policy Research Institute (IFPRI).
    10. Uche Ozughalu, 2016. "Relationship Between Household Food Poverty and Vulnerability to Food Poverty: Evidence from Nigeria," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 125(2), pages 567-587, January.
    11. Nadia Shabnam & Fabio Gaetano Santeramo & Zahid Asghar & Antonio Seccia, 2016. "The Impact of Food Price Crises on the Demand for Nutrients in Pakistan," Journal of South Asian Development, , vol. 11(3), pages 305-327, December.
    12. Tikiri Nimal Herath, 2015. "The Role of the State in Alleviation of Poverty in South Asia," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 16(2), pages 257-277, September.
    13. Sara Hsu, 2013. "Financial Crises, 1929 to the Present," Books, Edward Elgar Publishing, number 14419.
    14. Melloul Anass & Chaik Saif Eddine & Oujgha Reda, 2017. "Empirical Analysis of Islamic Banking and Economic Growth," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 89-102, March.
    15. Baah-Boateng, William, 2013. "Human Capital Development: The Case of Education as a Vehicle for Africa's Economic Transformation," MPRA Paper 109692, University Library of Munich, Germany.
    16. Erkki Karo & Rainer Kattel, 2010. "The Copying Paradox: Why Converging Policies but Diverging Capacities in Eastern European Innovation Systems?," Institutions and Economies (formerly known as International Journal of Institutions and Economies), Faculty of Economics and Administration, University of Malaya, vol. 2(2), pages 167-206, October.
    17. Weitzel, Matthias & Ghosh, Joydeep & Peterson, Sonja & Pradhan, Basanta K., 2015. "Effects of international climate policy for India: evidence from a national and global CGE model," Environment and Development Economics, Cambridge University Press, vol. 20(4), pages 516-538, August.
    18. Joshua C. Hall, Serkan Karadas and Minh Tam T. Schlosky, 2018. "Is There Moral Hazard in the Heavily Indebted Poor Countries (HIPC) Initiative Debt Relief Process?," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 43(3), pages 1-24, September.
    19. Mekonnen, Daniel Ayalew & Gerber, Nicolas & Matz, Julia Anna, 2018. "Gendered Social Networks, Agricultural Innovations, and Farm Productivity in Ethiopia," World Development, Elsevier, vol. 105(C), pages 321-335.
    20. Kaika, Dimitra & Zervas, Efthimios, 2013. "The environmental Kuznets curve (EKC) theory. Part B: Critical issues," Energy Policy, Elsevier, vol. 62(C), pages 1403-1411.

    More about this item

    Keywords

    world economic crisis; bank-saving policy; money-producing policy;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • P43 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Finance; Public Finance

    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:iwe:workpr:198. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Kanász Mária (email available below). General contact details of provider: https://edirc.repec.org/data/vkhashu.html .

    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.