Recession and Its Aftermath: Adjustments in the United States, Australia, and the Emerging Asia - Tapa blanda

 
9788132217213: Recession and Its Aftermath: Adjustments in the United States, Australia, and the Emerging Asia
Tapa blanda
ISBN 10: 8132217217 ISBN 13: 9788132217213
Editorial: Springer, 2014

Sinopsis

A highly relevant contribution in the context of current economic travails, this volume includes an analysis of the current banking and financial crisis and features fresh contributions on the general topic of recession and its control in a range of polities.

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Acerca del autor

N.M.P. Verma is a senior Professor of Economics at Babasaheb Bhimrao Ambedkar University, Lucknow, India. He has a very long teaching and research career. He has specialized in the area of macro, industry, and development economics. He has authored many books and extensively contributed papers in professional peer reviewed journals of national and international repute. He is also on the editorial board of International Journal of Economics and Finance, Canada and International Journal of Economics and Business Modeling, Mumbai, India. He has done research for University Grants Commission, Government of India, Indian Council of Social Science Research, World Meteorological Organization, Geneva and other agencies. He has served on several coveted positions including Vice Chancellor of the University. He is also the recipient of ‘Rajiv Gandhi Excellence’ Award, ‘Bharat Jyoti’ Award and ‘Best Citizens of India’ Award.

De la contraportada

Market failure at medium intervals is inevitable in a capitalist economy. Such failures may not be seriously seen in the short run because market adjusts demand through hoarding of inventory or import of required goods and services. The market also adjusts demand in the long run through expansion of concerned industrial output and also by the entry of new firms. The crucial variable is price which also adjusts the commodity and the labor market. The problem comes when there are issues of overproduction, over capacity utilization of plants, over liquidation and excess supply of money, change in demand because of change in tastes and habits of consumers, households and the public. All these create knife edge disturbances in the economy. As a consequence they need adjustment through some variables such as employment and growth of population, saving propensity, technology, exhaustion of existing inventory, monetary and fiscal balancing. In this volume an attempt has been made to appraise the working of a market economy where short term disturbances may occur, market fails, recessionary cycle emerges and after certain fundamental measures the market recovers. Starting with a brief recent history of the crisis and the recession, discussions in this volume turn to how deliberations in macroeconomics yield implications for specific policies, some of which have been tried and others still to be tested. Further in the volume we examine policies necessary for the regulation of the economic system and give a brief assessment of the extent to which global policy coordination has been discussed in policy circles even if not seriously practiced.

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Editorial
Springer
Año de publicación
2014
Idioma
Inglés
ISBN 10 
8132217217
ISBN 13 
9788132217213
Encuadernación
Tapa blanda
Número de páginas
288
Editor
Verma NMP
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Otras ediciones populares con el mismo título

9788132205319: Recession and Its Aftermath: Adjustments in the United States, Australia, and the Emerging Asia

Edición Destacada

ISBN 10:  8132205316 ISBN 13:  9788132205319
Editorial: Springer, 2012
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