Titlebook: Economic and Financial Crises; A New Macroeconomic Alvaro Cencini,Sergio Rossi Book 2015 Alvaro Cencini and Sergio Rossi 2015 banking.capi

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https://doi.org/10.1007/978-3-031-55639-5y in trouble, and reforms are called for’ (Dooley et al. 2009: 4). This call for reforms of the international monetary regime is far from new. Before and after the Bretton Woods conference, where the discussion centred on Keynes’s and White’s proposals, several plans of reform were proposed and deba

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Introduction analysis as well as the conceptual background of mainstream economics. Their mathematically sophisticated models, whether neoclassical, new classical, Keynesian, or New Keynesian, have clearly proved to be incapable of avoiding, let alone explaining, the devastating crises that are hampering our ec

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Business Cycles versus Boom-and-Bust Cycless and occurrences such as wars, political and social unrest, food shortage, natural disasters, and so on. Economists as well as bankers and businessmen soon started to realize that crises were much less isolated than it was generally thought, and that their recurrence was not random. Juglar (1857) w

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From Keynes to Post-Keynesian Economicsmacroeconomic concepts in seeking a theory capable of explaining both the orderly working of our economies and the insurgence of pathological states leading to the burst of economic and financial crises. Their interpretation of Keynes’s analysis, however, is not univocal, and some important differen

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Economic Crises and Their Relationship to Global Supply and Global Demandly and demand required by modern macroeconomic analysis? These are the crucial questions we will address in this chapter. Starting from Say’s law and Keynes’s logical identity between . and . + ., we will first investigate the problem of whether or not the insurgence of an economic crisis entails th