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Perspectives from Social Economics

Consequences of Economic Downturn

Beyond the Usual Economics

Editors: Starr, M. (Ed.)

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  • ISBN 978-0-230-11835-5
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About this book

The 2007-09 financial crisis and economic downturn inflicted considerable hardship on the U.S. population. This book argues that the financial crisis and ensuing recession reflected not just a malfunctioning of the financial system - but also inequalities and insecurities in access to livelihoods that favor well-off groups and leave ordinary people shouldering undue burdens of downside risk. This book, a collection of original papers by leading social economists and scholars in related fields, examines social, distributional, and ethical dimensions of the downturn. It should be of broad interest to the social-science and economic-policy communities. 

About the authors

Martha Starr is Assistant Professor at American University, USA. She is the co-editor on the Review of Social Economics journal and on the editorial board of Journal of Economics Issues and Journal of Pluralism and Economic Education. Starr's research interests are consumption, saving, wealth, macroeconomics, monetary policy, developing and emerging-market countries, and social economics.

Reviews

"Eleven papers explore the causes and consequences of the current economic downturn beyond the usual focus on money, banking, and finance." - Journal of Economic Literature

"Unusual economic times call for going beyond the usual economics; this book does that; it provides a valuable contribution to the economic debate about the recent crisis and how to deal with it." - David Colander, CAJ Distinguished Professor of Economics, Middlebury College

"The contributors to this refreshingly accessible volume make clear that the destruction of livelihoods brought on by the Great Recession is not evenly shared. Our attention is drawn to where it deserves to be: on the human costs of failure to manage economies in a way that ensures broadly shared well-being and economic security." - Stephanie Seguino, Professor of Economics, University of Vermont


Table of contents (12 chapters)

  • Beyond the Usual Economics

    Starr, Martha A.

    Pages 1-21

  • The Economic Crisis and the Crisis in Economics

    DeMartino, George

    Pages 25-44

  • The Financial Crash of 2008: An Illustrative Instance of the Separation of Risk from Reward in American Capitalism

    Prasch, Robert E.

    Pages 45-62

  • Rising Inequality and the Financial Crises of 1929 and 2008

    Wisman, Jon D. (et al.)

    Pages 63-82

  • Inequality and Its Discontents: The Real Causes and Consequences of the Crisis

    Pressman, Steven

    Pages 83-101

Buy this book

eBook $79.99
price for USA (gross)
  • ISBN 978-0-230-11835-5
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $110.00
price for USA
  • ISBN 978-0-230-10531-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
Consequences of Economic Downturn
Book Subtitle
Beyond the Usual Economics
Editors
  • M. Starr
Series Title
Perspectives from Social Economics
Copyright
2011
Publisher
Palgrave Macmillan US
Copyright Holder
Palgrave Macmillan, a division of Nature America Inc.
eBook ISBN
978-0-230-11835-5
DOI
10.1057/9780230118355
Hardcover ISBN
978-0-230-10531-7
Edition Number
1
Number of Pages
XIV, 270
Topics