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Understanding and preventing financial instability; Post-Keynesian Institutionalism and government employer of last resort

In: Financial Instability and Economic Security after the Great Recession

Author

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  • Fadhel Kaboub

Abstract

This timely book rethinks economic theory and policy by addressing the problem of economic instability and the need to secure broadly shared prosperity. It stresses that advancing economics in the wake of the Great Recession requires an evolutionary standpoint, greater attention to uncertainty and expectations, and the integration of finance into macroeconomics. The result is a broader array of policy options – and challenges – than conventional economics presents.

Suggested Citation

  • Fadhel Kaboub, 2011. "Understanding and preventing financial instability; Post-Keynesian Institutionalism and government employer of last resort," Chapters,in: Financial Instability and Economic Security after the Great Recession, chapter 4, pages 77-92 Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:14489_4
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    File URL: https://www.elgaronline.com/view/9780857934833.00014.xml
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    References listed on IDEAS

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    10. David Zalewski & Charles Whalen, 2010. "Financialization and Income Inequality: A Post Keynesian Institutionalist Analysis," Journal of Economic Issues, Taylor & Francis Journals, vol. 44(3), pages 757-777.
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    16. L. Randall Wray, 2009. "The rise and fall of money manager capitalism: a Minskian approach," Cambridge Journal of Economics, Oxford University Press, vol. 33(4), pages 807-828, July.
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    Keywords

    Economics and Finance;

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