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Radical Origins to Economic Crises

Germán Bernácer, A Visionary Precursor

Authors: Savall, Henri

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  • Based on Bernácer’s Spanish publications and his private correspondence with his contemporary economists
  • Provides an English speaking audience with access to Bernácer’s economic ideas
  • Offers a significant contribution to current debates addressing economic stability and prosperity
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eBook $89.00
price for USA (gross)
  • ISBN 978-3-319-93366-5
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA
  • ISBN 978-3-319-93365-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This book presents the complete and pioneering works of the great Spanish economist, Germán Bernácer (1883-1965), to an English audience for the first time. Bernácer, the first director of the Research Service of the Bank of Spain (1930–55), inspired Keynes’ theory but was also a major critic and opponent of it. A macro economist by trade, Bernácer’s major theory related to recurring crises, which he believed were inherent in the existence of speculative markets such as property, works of art, long term currency markets, commercial trading, materials, and energy. Bernácer believed that these speculative markets generate unearned income and hoarding,they abound in financial capital and, when such capital is captured, it then lacks in production industries where real value is created, draining their financing. The author shows how history has repeated itself in this manner in 1929, 2007, 2008, 2014 and 2016.
The author derives his content from Bernácer’s Spanish publications and his private correspondence with his contemporary economists, providing an historical and thematic insight into his thinking. It is well-timed to contribute to current worldwide debates on monetary,financial and budgetary policies needed to implement an economic order that can restore economic stability, providing readers with rare and important insights into the deep roots of crises.

The book will be of interest to all readers interested in the history of economic thought, history of financial crises, Keynesian approaches to economics and criticism to Keynesian approaches.

About the authors

Henri Savall is Emeritus Professor at University Jean Moulin Lyon 3, France and Founding President for the Socio-Economic Institute of Firms and Organizations (ISEOR).

Table of contents (7 chapters)

Table of contents (7 chapters)
  • Why Publish This Work on Germán Bernácer, the Great Pioneering Spanish Economist, Now?

    Pages 3-19

    Savall, Henri

  • Biography and Testimonies

    Pages 21-52

    Savall, Henri

  • Bernácer’s Critical Analysis of Actual Capitalism: “A Free Economy Without Crisis and Without Unemployment”

    Pages 55-176

    Savall, Henri

  • Monetary Factors of Crisis: Hoarding Versus Investment, Inflation, and Deflation

    Pages 177-248

    Savall, Henri

  • The Interest Rate as a Factor of Instability and Crises

    Pages 249-331

    Savall, Henri

Buy this book

eBook $89.00
price for USA (gross)
  • ISBN 978-3-319-93366-5
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA
  • ISBN 978-3-319-93365-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
Radical Origins to Economic Crises
Book Subtitle
Germán Bernácer, A Visionary Precursor
Authors
Copyright
2018
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-93366-5
DOI
10.1007/978-3-319-93366-5
Hardcover ISBN
978-3-319-93365-8
Edition Number
1
Number of Pages
XX, 447
Number of Illustrations
30 b/w illustrations
Topics