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Who Predicted the Crisis and What Can We Learn from Them?

In: The First Great Recession of the 21st Century

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  • Dirk J. Bezemer

Abstract

The 2008–10 financial crisis and the global recession it created is a complex phenomenon that warrants detailed examination. The various essays in this book utilise several alternative paradigms to provide a plausible explanation and a credible cure. Great detail is given to this important analysis from different theoretical perspectives, presenting a clearer understanding of what went wrong and expounding misinterpretations of current theories and practices.

Suggested Citation

  • Dirk J. Bezemer, 2011. "Who Predicted the Crisis and What Can We Learn from Them?," Chapters, in: Óscar Dejuán & Eladio Febrero & Maria Cristina Marcuzzo (ed.), The First Great Recession of the 21st Century, chapter 1, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:14193_1
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    References listed on IDEAS

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    1. Steve Keen, 1995. "Finance and Economic Breakdown: Modeling Minsky’s “Financial Instability Hypothesis”," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 17(4), pages 607-635, July.
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    6. Dean Baker, 2002. "The Run-up in Home Prices: A Bubble," Challenge, Taylor & Francis Journals, vol. 45(6), pages 93-119.
    7. Michael Hudson, 2006. "Saving, Asset-Price Inflation, and Debt-Induced Deflation," Chapters, in: L. Randall Wray & Mathew Forstater (ed.), Money, Financial Instability and Stabilization Policy, chapter 6, Edward Elgar Publishing.
    8. Graziani,Augusto, 2003. "The Monetary Theory of Production," Cambridge Books, Cambridge University Press, number 9780521812115, October.
    9. Dilip Das, 2008. "Contemporary Phase of Globalization: Does It Have a Serious Downside?," Global Economic Review, Taylor & Francis Journals, vol. 37(4), pages 507-526.
    10. Godley, Wynne, 1999. "Money and Credit in a Keynesian Model of Income Determination," Cambridge Journal of Economics, Oxford University Press, vol. 23(4), pages 393-411, July.
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