MARC Record from marc_columbia

LEADER: 03288cam a2200349 a 4500
001 7736145
005 20221201024640.0
008 090808s2010 nyua b 001 0 eng
010 $a 2009032289
020 $a9780195397918 (cloth : alk. paper)
020 $a0195397916 (cloth : alk. paper)
024 $a99937195180
035 $a(OCoLC)430192642
035 $a(OCoLC)ocn430192642
035 $a(NNC)7736145
035 $a7736145
040 $aDLC$cDLC$dYDX$dUKM$dYDXCP$dIK2$dOrLoB-B
050 00 $aHB95$b.F37 2010
082 00 $a339$222
100 1 $aFarmer, Roger E. A.$0http://id.loc.gov/authorities/names/n84108300
245 10 $aHow the economy works :$bconfidence, crashes and self-fulfilling prophecies /$cRoger E. A. Farmer.
260 $aNew York, NY :$bOxford University Press,$c2010.
300 $axiv, 193 pages :$billustrations ;$c22 cm
336 $atext$btxt$2rdacontent
337 $aunmediated$bn$2rdamedia
504 $aIncludes bibliographical references and index.
505 00 $gCh. 1.$tIntroduction -- $gCh. 2.$tClassical Economics -- $gCh. 3.$tThe Impact of Keynes on the World Economy -- $gCh. 4.$tWhere the Keynesians Lost Their Way -- $gCh. 5.$tThe Rational Expectations Revolution -- $gCh. 6.$tHow Central Banks Impact Your Life -- $gCh. 7.$tWhy Unemployment Persists -- $gCh. 8.$tWhy the Stock Market Matters to You -- $gCh. 9.$tWill There Be Another Great Depression? -- $gCh. 10.$tWill Monetary and Fiscal Policy Work? -- $gCh. 11.$tHow to Solve a Financial Crisis.
520 1 $a""Of All the Economic Bubbles that have been pricked," the editors of the Economist recently observed, "few have burst more spectacularly than the reputation of economics itself." Indeed, the financial crisis that crested in 2008 destroyed the credibility of the economic thinking that had guided policymakers for a generation. But what will take its place?" "In How the Economy Works, one of our leading economists provides a jargon-free exploration of the current crisis, offering a powerful argument for how economics must change to get us out of it. Roger E. A. Farmer traces the swings between classical and Keynesian economics since the early twentieth century, gracefully explaining the elements of both theories. During the Great Depression, Keynes challenged the long-standing idea that an economy was a self-correcting mechanism, but his school gave way to a resurgence of classical economics in the 1970s - a rise that ended with the current crisis. Rather than simply allowing the pendulum to swing back, Farmer writes, we must synthesize the two. From classical economics, he takes the idea that a sound theory must explain how individuals behave - how our collective choices shape the economy. From Keynesian economics, he adopts the principle that markets do not always work well, that capitalism needs some guidance. The goal, he writes, is to correct the excesses of a free-market economy without stifling entrepreneurship and instituting central planning."--BOOK JACKET.
650 0 $aFree enterprise.$0http://id.loc.gov/authorities/subjects/sh85073989
650 0 $aMonetary policy.$0http://id.loc.gov/authorities/subjects/sh85086787
650 0 $aEconomic policy.$0http://id.loc.gov/authorities/subjects/sh85040837
852 00 $boff,bus$hHB95$i.F37 2010