Introduction: Views on Economic Crises in the Twenty-First Century

Ralf Pauly ()
Additional contact information
Ralf Pauly: Osnabrück University

Chapter Chapter 1 in Economic Instability and Stabilization Policy, 2021, pp 1-30 from Springer

Abstract: Abstract The book focuses on economic change and the state interventions. The permanently applied Keynesian stabilization policy causes debt to rise. Minsky sees the current heavily debt-financed economy as the source of growing economic instability. The central banks take measures to strengthen the flow of profits and support asset holdings. In doing so, they favor economic inequality. Their massive interventions in economic crises lead to distorted markets and an intertemporal imbalance. In view of these adverse developments, a reorientation of state interventions is urgently needed.

Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-658-33626-4_1

Ordering information: This item can be ordered from
http://www.springer.com/9783658336264

DOI: 10.1007/978-3-658-33626-4_1

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().