Economics After the Crisis: Objectives and Means (Lionel Robbins Lectures)
| Author | : | |
| Rating | : | 4.79 (756 Votes) |
| Asin | : | 026201744X |
| Format Type | : | paperback |
| Number of Pages | : | 128 Pages |
| Publish Date | : | 2017-05-29 |
| Language | : | English |
DESCRIPTION:
In Economics After the Crisis, Adair Turner offers a strong counterargument to this somewhat complacent view. But a second Great Depression was averted, and the radical shift to New Deal-like economic policies predicted by some never took place. The global economic crisis of 2008--2009 seemed a crisis not just of economic performance but also of the system's underlying political ideology and economic theory. Turner argues that more rapid growth should not be the overriding objective for rich developed countries, that inequality should concern us, that the pre-cr
Challenges Orthodoxy But Sets No Clear Path Forward (Challenges Orthodoxy But Sets No Clear Path Forward (4.25*s) Samuel J. Sharp In this short (96 pages excluding introduction) book, Lord Turner sets forth three major arguments in three chapters: 1) Contrary to conventional economic understanding, increases in economic growth beyond some level of per capita GDP will not necessarily produce meaningful increases in welfare or happiness; 2) Some forms of increased market liberalization (especially in financial markets) does not produce greater efficiency and instead can create unjustifiable instability and inequality; 3) The field of economics should move from simplified models that do not reflect reality and instead become a moral science that incorpora. .25*s) In this short (96 pages excluding introduction) book, Lord Turner sets forth three major arguments in three chapters: 1) Contrary to conventional economic understanding, increases in economic growth beyond some level of per capita GDP will not necessarily produce meaningful increases in welfare or happiness; 2) Some forms of increased market liberalization (especially in financial markets) does not produce greater efficiency and instead can create unjustifiable instability and inequality; 3) The field of economics should move from simplified models that do not reflect reality and instead become a moral science that incorpora. Grandmom said The best thinker on the subject. Turner's work is masterful -- he's one of the few (actually, I don't know of any other) who has the skill set to drill down from several perspectives -- all necessary for a proper analysis, and to cogently and elegantly document his P.O.V. Why haven't I seen him on Charlie Rose or any of the top interview shows in the U.S.? It's rumored that he's a candidate for head of Bank of England. If this should happen, I shall have gained the first ray of hope about the world's financial future I've had in years. Bravo, Adair! Good work!. GDP and Growth: a look inside the book LD Growth has been the focus and holy grail of economic policy. GDP has been the measurement of success according to economists and bureaucrats. Turner believes this is wrong. Page 3 "We have no good reason for believing that additional growth in average income as measured by national income accounts, will necessarily and limitlessly deliver increased happiness, well-being, welfare, or whatever we define as the objective."Economic policy has pushed for an ever increasing GDP. But we know that 1% have grown their income and thus GDP, while masking all the loss of income by the rest. So using GDP numbers to define success is fals
. He is Visiting Professor at the London School of Economics and at Cass Business School, City University London, and the author of Just Capital: The Liberal Economy. Adair Turner, Chairman of Britain's Financial Services Authority from September 2008 to March 2013, is a Senior Fellow of the Institute for New Economic Thinking
Economics After the Crisis, based on three lectures he delivered at the London School of Economics in 2010, is a thinking person's delight, not least for the clear and lucid way in which Turner sets out his arguments. (Barry Eichengreen, George C. (New Statesman)Adair Turner is the jewel in the crown of British public servants. He is one of a tiny minority in public life today capable of thinking and acting at the highest level. Lord Adair Turner not only challenges the consensus on short-term tactical approaches to regulation and macroeconomic management, but he forces the reader to think more deeply about the long term goals of policy, including unfettered growth and the role of the free market. Pardee Professor of Economics and Political Science, University of California, Berkeley)With this book, Turner has proved that Britain still produces thinkers who combine ideas with practical experience. Pardee and