Understanding Financial Crises av Ensar Y¿lmaz

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<P>Incorporating a broad range of economic approaches, <I>Understanding Financial Crises</I> explores the merits of various arguments and theories which have been used to explain the causes of financial crises. </P><P>The book explores eight of these different explanations: underconsumption, debt accumulation, financialization, income inequality<B>, </B>financial fragility, tendency of rate of profit to fall, human behavior, and global imbalances. The introduction provides a brief overview of each argument along with a comparison of their relative merits. Each chapter then introduces one of the arguments, explores a historical case, and focuses on the insights that can be gleaned into the global crisis in 2007¿2008. The book draws on insights from various schools of thought including post-Keynesian economics, Marxist economics, behavioral economics, neoclassical economics, and more, to provide a pluralist overview of the causes of economic crises in general and the Great Recession in p