Keynesian dominance in crisis therapy / Kristina Spantig
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Discovery
747317216
URN
urn:nbn:de:gbv:3:2-63188
DOI
ISBN
ISSN
Autorin / Autor
Beiträger
Körperschaft
Erschienen
Jena / Halle : Univ., 2013
Umfang
Online-Ressource (PDF-Datei: 33 S., 0,9 MB) : graph. Darst.
Ausgabevermerk
Sprache
eng
Anmerkungen
Inhaltliche Zusammenfassung
This paper scrutinizes the debate of Keynes and Hayek concerning the adequate re- sponse to economic crises from a historical perspective. In a first step the develop- ment of the Keynesian economic theory, its ascent during the Great Depression and its use during financially sound times is analyzed. In a second step the Hayekian cri- tique to discretionary government intervention and its long run consequences is scru- tinized. In the last step it is analyzed why, in the wake of a crisis, short-run oriented Keynesian therapy dominates long-run Hayekian therapy as in the most recent crisis.
Schriftenreihe
Global financial markets ; 45 ppn:598208976