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Innovation, Growth, Cycles and Finance: Three (or Four or More) Stories from the 1930s and their Lessons

In: The First Great Recession of the 21st Century

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  • Catherine P. Winnett
  • Adrian B. Winnett

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

  • Catherine P. Winnett & Adrian B. Winnett, 2011. "Innovation, Growth, Cycles and Finance: Three (or Four or More) Stories from the 1930s and their Lessons," Chapters, in: Óscar Dejuán & Eladio Febrero & Maria Cristina Marcuzzo (ed.), The First Great Recession of the 21st Century, chapter 7, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14193_7
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    References listed on IDEAS

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    1. Baumol, William J, 1990. " Erik Lundberg, 1907-1987," Scandinavian Journal of Economics, Wiley Blackwell, vol. 92(1), pages 1-9.
    2. Óscar Dejuán & Eladio Febrero & Maria Cristina Marcuzzo (ed.), 2011. "The First Great Recession of the 21st Century," Books, Edward Elgar Publishing, number 14193.
    3. Baumol, William J, 1977. "Say's (at Least) Eight Laws, or What Say and James Mill May Really Have Meant," Economica, London School of Economics and Political Science, vol. 44(174), pages 145-161, May.
    4. M. Desai, 1991. "Kaldor Between Hayek and Keynes, or: Did Nicky Kill Capital Theory?," Palgrave Macmillan Books, in: Edward J. Nell & Willi Semmler (ed.), Nicholas Kaldor and Mainstream Economics, chapter 3, pages 53-71, Palgrave Macmillan.
    5. Lipsey, Richard G. & Carlaw, Kenneth I. & Bekar, Clifford T., 2005. "Economic Transformations: General Purpose Technologies and Long-Term Economic Growth," OUP Catalogue, Oxford University Press, number 9780199290895.
    6. Hicks, J. R., 1969. "A Theory of Economic History," OUP Catalogue, Oxford University Press, number 9780198811633.
    7. Ricardo, David, 1821. "On the Principles of Political Economy and Taxation," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, edition 3, number ricardo1821.
    8. Aghion, Philippe & Banerjee, Abhijit, 2005. "Volatility and Growth," OUP Catalogue, Oxford University Press, number 9780199248612.
    9. Fritz Machlup, 1939. "Period Analysis and Multiplier Theory," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 54(1_Part_1), pages 1-27.
    10. Meghnad Desai, 1995. "Macroeconomics And Monetary Theory," Books, Edward Elgar Publishing, number 133.
    11. R. M. Goodwin, 1982. "Essays in Economic Dynamics," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-05504-3.
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