Understanding Financial Crises (Routledge Frontiers of Political Economy) - Hardcover

Yılmaz, Ensar

Hardcover

ISBN 10: 0367480670 ISBN 13: 9780367480677

Publisher: Routledge, 2020

Synopsis

Incorporating a broad range of economic approaches, Understanding Financial Crises explores the merits of various arguments and theories which have been used to explain the causes of financial crises.

The book explores eight of these different explanations: underconsumption, debt accumulation, financialization, income inequality, financial fragility, tendency of rate of profit to fall, human behavior, and global imbalances. The introduction provides a brief overview of each argument along with a comparison of their relative merits. Each chapter then introduces one of the arguments, explores a historical case, and focuses on the insights that can be gleaned into the global crisis in 2007–2008. The book draws on insights from various schools of thought including post-Keynesian economics, Marxist economics, behavioral economics, neoclassical economics, and more, to provide a pluralist overview of the causes of economic crises in general and the Great Recession in particular.

This book marks a significant contribution to the literature on economic and financial crises, political economy and heterodox economics. It is well suited to academicians, practitioners, and financial analysts working within the relevant fields.

About this title

About the Author

Ensar Yılmaz is a professor at Yıldız Technical University, Istanbul, Turkey, where he teaches in the Department of Economics. He is the author of several articles in the subjects of macroeconomics, financial regulation, income distribution and game theory.

Edition details

• Publisher: Routledge
• Publication date: 2020
• Language: English
• ISBN 10: 0367480670
• ISBN 13: 9780367480677
• Binding: Hardcover
• Edition number: 1
• Number of pages: 246