Economic Instability and Stabilization Policy: On the Path from Crises to State Directed Economies

The book argues for a new orientation of government economic policy and central bank policy, rejecting the traditional government stabilization policy that leads to economic instability and social inequality. It examines the crises and measures states take to overcome them, provides a conceptual basis for government stabilization in a changing market economy, and examines the wider context of economic history for lessons to be learned.

Format: Paperback / softback
Length: 221 pages
Publication date: 02 May 2022
Publisher: Springer

The capitalist market economy has experienced growing economic instability and increasing state stabilization since the major world economic crises of the last century. This book examines these crises and the measures states take to overcome them, as well as the effectiveness and consequences of state intervention. It presents the main features of Keynes and Minskys macroeconomics and provides a conceptual basis for an outlook on government stabilization in a changing market economy. It also offers a suitable framework for current economic policy discussions and examines the wider context of economic history for lessons to be learned. This book is a must-read for scholars and students of economics, policy-makers, and practitioners interested in a better understanding of macroeconomics, central bank policy, and the results of state intervention.

Introduction:
The capitalist market economy has experienced growing economic instability and increasing state stabilization since the major world economic crises of the last century. This book examines these crises and the measures states take to overcome them, as well as the effectiveness and consequences of state intervention. It presents the main features of Keynes and Minskys macroeconomics and provides a conceptual basis for an outlook on government stabilization in a changing market economy. It also offers a suitable framework for current economic policy discussions and examines the wider context of economic history for lessons to be learned. This book is a must-read for scholars and students of economics, policy-makers, and practitioners interested in a better understanding of macroeconomics, central bank policy, and the results of state intervention.

Keynes and Minskys Macroeconomics:
The book examines the main features of Keynes and Minskys macroeconomics, which are key to understanding government stabilization in a changing market economy. Keynes argued that government intervention should be used to stabilize the economy during times of crisis, while Minskys argued that market forces should be allowed to adjust freely. The book provides a conceptual basis for an outlook on government stabilization in a changing market economy, which is important for current economic policy discussions.

Outlook on Government Stabilization:
The book provides a conceptual basis for an outlook on government stabilization in a changing market economy. It argues that government intervention should be used to stabilize the economy during times of crisis, while also recognizing the importance of market forces. The book also examines the effectiveness and consequences of state intervention, including the potential for unintended consequences and the need for careful policy implementation.

Conclusion:
In conclusion, this book is a valuable resource for scholars and students of economics, policy-makers, and practitioners interested in a better understanding of macroeconomics, central bank policy, and the results of state intervention. It provides a comprehensive analysis of the challenges facing the capitalist market economy and offers practical solutions for government stabilization in a changing market economy. The book is a must-read for anyone who wants to contribute to the ongoing debate about economic policy and its impact on society.

Weight: 373g
Dimension: 235 x 155 (mm)
ISBN-13: 9783658336288
Edition number: 1st ed. 2021