Temporary Economic Crises

Economic disorder and economic crisis are both considered temporary states, but this book argues that economic disorder is a permanent condition, while economic crises are a series of transitory periods. It also explores the root cause of economic crisis as a result of human fallibility and looks at the ramifications of this perspective on macroeconomic policy formation and implementation.

Format: Paperback / softback
Length: 368 pages
Publication date: 30 December 2022
Publisher: Taylor & Francis Ltd

In the realm of traditional economic theory, and across its various manifestations, there exists a fundamental distinction between economic disorder and economic crisis. Both types of economic turmoil are often perceived as temporary states, with the assumption that they will eventually dissipate. However, this book delves into a comprehensive examination of the underlying causes of economic crises. Its primary objective is to elucidate the crucial difference between economic disorder and economic crisis. At the core of this argument lies the notion that economic disorder represents a permanent condition, while economic crises are a sequence of transitory periods.

Economic crises, in contrast to economic disorders, are characterized by acute and frenzied volatilities that are unpredictable and short-lived. They are disruptive events that can have far-reaching consequences for individuals, businesses, and entire economies. While humans can endure prolonged periods of economic disorders, they are ill-equipped to survive in a state of constant economic crises. The book also delves into the root cause of economic crises. Contrary to the prevailing wisdom in economics, this book examines the root cause of such hysterical economic turbulences as a result of an innate propensity for human fallibility. It challenges the notion that economic crises are solely the result of external factors or market imperfections. Instead, it suggests that human behavior and decision-making play a significant role in shaping economic outcomes.

The final section of the book explores the ramifications of this alternative perspective on macroeconomic policy formation and implementation. It examines how this understanding can inform policymakers and decision-makers in addressing economic crises and promoting long-term economic stability. The book is a significant contribution to the literature on economic disorder and crises. It will appeal to readers with an interest in economic theory, philosophy of economics, and the history of economic thought. By providing a deeper understanding of the root causes of economic crises, this book offers valuable insights into the challenges and opportunities facing economies today.

Weight: 700g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032386980