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...
| Autor principal: | |
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Chichester, West Sussex :
John Wiley & Sons Ltd
2013.
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| Edición: | 1st edition |
| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009627879406719 |
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 Forecasts
- 14: 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.
