Responsible Economy

After the ¿financial crisis¿ and ¿Great Recession¿, some have called for replacing standard economic theory by heterodox models based upon behavioural approaches. The Responsible Economy argues that there is nothing wrong with economic theory. Instead, the problem has been a ¿devil¿s pact¿ of simplistic pro-market economics combined with simplistic Keynesian monetary policy.

List of contents

1. In Praise of Common Sense 2. The Limits to Markets 3. Ecstasy Economics 4. The Role of Managers 5. Ethics, Incentives and Affordability 6. Justice 7. Globalisation 8. Labour Market Flexibility 9. On Booms and Busts 10. What Is to Be Done?

About the author

Jefferson Frank is Professor of Economics at Royal Holloway, UK.

Summary

After the ‘financial crisis’ and ‘Great Recession’, some have called for replacing standard economic theory by heterodox models based upon behavioural approaches. The Responsible Economy argues that there is nothing wrong with economic theory. Instead, the problem has been a ‘devil’s pact’ of simplistic pro-market economics combined with simplistic Keynesian monetary policy.

Product details

• Authors: Jefferson Frank, Frank Jefferson
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Paperback / Softback
• Released: 09.08.2018
• EAN: 9781138376984
• ISBN: 978-1-138-37698-4
• No. of pages: 198
• Series: Routledge Frontiers of Political Economy
• Subjects: Social sciences, law, business > Business > General, dictionaries; Business & Economics / General, BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / Money & Monetary Policy, BUSINESS & ECONOMICS / Economics / Theory, BUSINESS & ECONOMICS / Economics / Macroeconomics, macroeconomics, Economic theory & philosophy, Political Economy, Economic theory and philosophy