Economic Crisis in Social and Institutional Context

Taylor & Francis

The Economic Crisis in Social and Institutional ContextTheories, Policies and Exit Strategies\nAuthor(s): Sebastiano Fadda, Pasquale Tridico\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138220515, 978-1138220515\nSynopsis\nThis book explores the foundations of the current economic crisis. Offering a heterodox approach to interpretation it examines the policies implemented before and during the crisis, and the main institutions that shaped the model of advanced economies, particularly in the last two decades.\n\nThe first part of the book provides a theoretical analysis of the crisis. The roots of the great recession are divided into fundamentals with origins in financial liberalisation, financial innovation and income distribution, and complementary or contributory factors such as the international imbalances, the monetary policy,and the role of credit rating agencies. Part II suggests various paths to recovery while emphas.