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From Crisis to Confidence Roger Koppl

From Crisis to Confidence By Roger Koppl

From Crisis to Confidence by Roger Koppl


$12.39
Condition - Very Good
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From Crisis to Confidence Summary

From Crisis to Confidence: Macro-Economics After the Crash by Roger Koppl

Some would argue that the financial crash revealed failings in the discipline of economics as well as in the financial system. The main post-war approaches to economics, based on neo-classical and new- Keynesian principles and modelling, failed to anticipate the crash or the depth of the slump that followed. In this monograph, Roger Koppl, drawing on ideas from the Austrian school and the work that has been done on policy uncertainty argues that the missing ingredient in many economic theories is a proper theory of "confidence". The author is not only able to make sense of Keynes' "animal spirits", but also demonstrates how "Big Players" - often, though not always, government agencies - can undermine confidence, reduce long-term investment, increase speculation and reduce economic growth over a long period of time. From crisis to confidence not only describes the process through which the economy must go through before a full recovery after the financial crash, it also describes the journey that must be travelled by the discipline of economics. As economics students and other commentators question post-war macro-economics, Roger Koppl provides some of the answers needed to understand the long slump after the financial crash. A theory of confidence is needed in any economic framework that is to explain one of the most important periods in modern economic history.

From Crisis to Confidence Reviews

"This is a fascinating review of the major battlegrounds in macro-economics over the last few decades. Roger Koppl recounts the intellectual pitched battle of the Austrians and their classical economist allies against the Keynesians of all stripes. The smoke is still clearing over the economic battleground so it's hard to determine the victor, but issues and debates are articulately laid out in this monograph" Nicholas Bloom, Professor of Economics, Stanford University

About Roger Koppl

Roger Koppl is Professor of Finance in the Whitman School of Management of Syracuse University

Additional information

GOR006242458
9780255366939
0255366930
From Crisis to Confidence: Macro-Economics After the Crash by Roger Koppl
Used - Very Good
Paperback
Institute of Economic Affairs
2014-07-15
200
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - From Crisis to Confidence