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The Road to Recovery : How and Why Economic Policy Must Change.
Renowned economist Andrew Smithers offers prescriptive advice and economic theory on avoiding the next financial crisis In The Road to Recovery, Andrew Smithers-one of a handful of respected economists to have accurately predicted the most recent global financial crisis-argues that the neoclassical...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Hoboken :
Wiley,
2013.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover; Title page; Copyright page; Contents; Dedication; Foreword; 1: Introduction; 2: Why the Recovery Has Been So Weak; 3: Alternative Explanations for Today's Low Business Investment and High Profit Margins; 4: Forecasting Errors in the UK and the US; 5: Cyclical or Structural: The Key Issue for Policy; 6: The Particular Problem of Finance and Banking; 7: Japan Has a Similar Problem with a Different Cause; 8: The End of the Post-War Era; 9: Misinformation as a Barrier to Sound Policy Decisions; 10: Avoiding Future Financial Crises; 11: The Current High Level of Risk; 12: Inflation.
- 13: Prospects Not Forecasts14: Tackling the Bonus Culture; 15: The Need for Change in Economic Theory and the Resistance to It; 16: Summary and Conclusions; Appendix 1: Mean Reversion of US Profit Margins; Appendix 2: Goods' Output Requires Much More Capital Than Service Output; Bibliography; A Note on Data Sources; Acknowledgements; Index.