The Housing Bubble Collapse

E Ray Canterbery

Chapter 4 in The Rise and Fall of Global Austerity, 2015, pp 47-70 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The seeds of the global Great Recession were sown before the downturn. The massive shift in the income and wealth distributions beginning with Reaganomics set the stage. When so many financial assets are in the hands of so few, Wall Street becomes anxious to find new financial instruments. Out of these Austrian-styled financial innovations, bubbles can be made. At their inception, we could usually find Alan Greenspan.

Keywords: Austerity; Expansionary Austerity; Housing Bubble; Global Great Recession; Austerity Lobby; Monetary Policy; Fiscal Policy; Incomes Policy; Full Employment; Public Debt; Austerity in Europe; Domestic Inequality; Global Inequality; Economic Growth; Post Keynsesians; John Maynard Keynes; Michal Kalecki; Piero Sraffa; Hyman Minsky; Vita Theory; Trickle-Down Economics; Keynesians; Trickle-Up Economics; Keynesian Economics; Trends in Suicide Rates; Health and The Economy; Alan Greenspan; Ben Benanke; Janet Yellen; Federal Reserve Board; European Central Bank; The Euro (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789814603492_0004 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789814603492_0004 (text/html)
Ebook Access is available upon purchase.

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:wsi:wschap:9789814603492_0004

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().