Economic Development and Financial Instability

Economic Development and Financial Instability

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Jan A. Kregel is considered to be a€œthe best all-round general economist alivea€ (G. C. Harcourt). This is the first collection of his essays dealing with a wide range of topics reflecting the incredible depth and breadth of Kregela€™s work. These essays focus on the role of finance in development and growth. Kregel has expanded Minskya€™s original postulate that in capitalist economies stability engenders instability in international economy, and this volume collecta€™s Kregela€™s key works devoted to financial instability, its causes and effects. The volume also contains Kregela€™s most recent discussions of the Great Recession beginning in 2008.This is the conundrum facing Greece and the source of the idea that Greece cannot meet its external debt commitments on ... imports of German goodsa€”laid the basis for both the 1929 US stock market crash and the rise of fascism in Germany.

Title:Economic Development and Financial Instability
Author: Jan A. Kregel
Publisher:Anthem Press - 2014-10-15

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