Tuesday, 24 April 2012
Demand Side Economics
There is an economics that works, that rescued the nation from the depths of the Great Depression, that organized the mobilization of World War II, that executed a successful transition from war to peace and prosperity, that explained the instability and decline, and that predicted the Great Financial Crisis. That economics points a way out of the current stagnation and embraces the challenges of world poverty and global climate change.
That economics was abandoned for the benefit of a corporate oligarchy and a casino capitalism. Demand Side Economics draws the history and explores the evidence of this school through the work of nine of its advocates, from the 1930's and John Maynard Keynes to the 2010's and Nouriel Roubini.
Economists included are John Maynard Keynes, Leon Keyserling, John Kenneth Galbraith, Hyman Minsky, Joseph Stiglitz, James K. Galbraith, George Soros, Steve Keen and Nouriel Roubini.
This is a cogent treatment of complex events and concepts that will lead the reader to an understanding of what has happened and why.