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Prosperity for All: How to Prevent Financial Crises

Roger E. A. Farmer

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Description for Prosperity for All: How to Prevent Financial Crises Hardback. Num Pages: 296 pages, illustrations. BIC Classification: KCA; KCB; KCX; KCZ. Category: (G) General (US: Trade). Dimension: 215 x 150 x 21. Weight in Grams: 466.
In the aftermath of the 2008 financial crisis, economists around the world have advanced theories to explain the persistence of high unemployment and low growth rates. According to Roger E. A. Farmer, these theories can be divided into two leading schools of thought: the ideas of pre-Keynesian scholars who blame the recession on bad economic policy, and the suggestions of New Keynesian scholars who propose standard modifications to select assumptions of Keynes' General Theory. But Farmer eschews both these schools of thought, arguing instead that in order to mitigate current financial crises-and prevent future ... Read more

Product Details

Publisher

Oxford University Press Inc

Format

Hardback

Publication date

2016

Condition

New

Number of Pages

296

Place of Publication

New York, United States

ISBN

9780190621438

SKU

V9780190621438

Shipping Time

Usually ships in 4 to 8 working days

Ref

99-1

About Roger E. A. Farmer

Roger E. A. Farmer is a Distinguished Professor of Economics at UCLA. In 2013, he was the Senior Houblon-Norman Fellow at the Bank of England. He has published numerous scholarly articles in leading academic journals, as well as books that have been translated into Chinese, Italian, Vietnamese and Hungarian. He has previously held positions at the University of Pennsylvania, The ... Read more

Reviews for Prosperity for All: How to Prevent Financial Crises

If you are looking for a lively sketch of mainstream macroeconomics spiced with a provocative alternative model and proposal for achieving full employment by stabilizing asset prices, this is the book you need. Here is the rare treat of an economist who both knows his field and has contributed to it standing back and writing about it in an accessible, ... Read morenon-technical way.
Michael Parkin, Professor Emeritus of Economics, University of Western Ontario
In this book, Professor Farmer challenges contemporary macroeconomic analysis. This book will no doubt generate debate, from which our profession will surely gain an improved understanding of economic processes.
Arnold Harberger, Distinguished Professor Emeritus, University of California Los Angeles and University of Chicago
Farmer sees a future free from stock market crashes and deep recessions, problems that he traces to financial panics fed by lender mischief and by abrupt swings in investor psychology. Inventing policies to manage market psychology will be no cakewalk but the task is important, and a serious public conversation about it seems long overdue. Policymakers, academics and informed citizens who want to join this conversation will find lots of help in Farmers book.
Costas Azariadis, Edward Mallinckrodt Distinguished Professor in Arts & Sciences, Washington University, and Federal Reserve Bank of St. Louis
Unafraid of challenging conventional macroeconomics, Farmer is second to none for presenting his view in a pedagogical way without sacrificing their sharpness.
Michel De Vroey, Professor Emeritus, University of Louvain
Roger Farmer is an exceptional macroeconomist, whose contributions span the range from deep theory to high policy relevance. He argues that beliefs should be as fundamental as preferences, technology, and endowments. Farmer's delightful examples and metaphors deepen understanding and add fun to reading the book. His questions and arguments make the book as fascinating to read as a detective story.
William A. Barnett, Oswald Distinguished Professor of Macroeconomics, University of Kansas and Center for Financial Stability
This is an ambitious, though-provoking and well-written book that addresses the big macroeconomic questions of the day from an authoritative voice outside the mainstream. You may or may not agree with the conclusions, but it makes for a great, rewarding and stimulating read.
Claudio Borio, Head of the Monetary and Economic Department, Bank for International Settlements
This book will certainly spark a debate that policymakers, academics and informed citizens cannot ignore.
Arab News
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Prosperity for All: How to Prevent Financial Crises

Roger E. A. Farmer

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