000			03366cam a2200553 i 4500
001			u14468
003			SA-PMU
005			20210418123647.0
008			150720s2016 enka b 001 0 eng
010			_a 2015027275
040			_aDLC _beng _erda _cDLC _dBTCTA _dYDXCP _dOCLCF _dCDX _dBDX _dOCLCQ _dFIE
019			_a914257080 _a920735835
020			_a9781137553683 _q(hardback ; _qalk. paper)
020			_a1137553685 _q(hardback ; _qalk. paper)
035			_a(OCoLC)942705183 _z(OCoLC)914257080 _z(OCoLC)920735835
042			_apcc
050	0	0	_aHB3717 _b.A76 2016
082	0	0	_a330.9/0511 _223
100	1		_aAronoff, Daniel, _d1961- _eauthor.
245	1	4	_aThe financial crisis reconsidered : _bthe mercantilist origin of secular stagnation and boom-bust cycles / _cDaniel Aronoff.
264		1	_aHoundmills, Basingstoke, Hampshire ; _aNew York, NY : _bPalgrave Macmillan, _c[2016]
300			_axvi, 291 pages : _billustrations ; _c24 cm
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
504			_aIncludes bibliographical references and index.
520			_aIn The Financial Crisis Reconsidered, Aronoff challenges the conventional view that reckless credit produced the US housing boom and the financial crisis, explaining how the large current account deficit, and its mercantilist origin, was a more fundamental cause. He also demonstrates that the decision to provide relief for bank creditors rather than underwater homeowners was responsible for the prolonged recession that followed the crisis. Aronoff proposes a novel theory to account for the ultimate origins of secular stagnation and economic volatility. He shows how accumulation, which occurs when a person or country earns more than it ever plans to spend, generates both an excess of saving and a deficiency in demand. While savings provide the funds to promote booms, under-consumption ensures that these booms will turn bust and that the economy will fall short of its potential growth rate. Aronoff argues that mercantilists and top income earners engage in accumulation, and that the influence of both types has grown in recent decades. Combining economic theory and historical narrative, this book offers a new perspective of the housing boom and the financial crisis, concluding with innovative policy proposals to reduce accumulation without compromising the benefits of a market economy.-- _cProvided by Publisher.
611	2	7	_aGlobal Financial Crisis (2008-2009) _2fast _0(OCoLC)fst01755654
650		0	_aGlobal Financial Crisis, 2008-2009.
650		0	_aFinancial crises.
650		0	_aBusiness cycles.
650		0	_aMercantile system.
650		7	_aBusiness cycles. _2fast _0(OCoLC)fst00842457
650		7	_aFinancial crises. _2fast _0(OCoLC)fst00924607
650		7	_aMercantile system. _2fast _0(OCoLC)fst01016895
648		7	_a2008-2009 _2fast
938			_aBrodart _bBROD _n120096528
938			_aBrodart _bBROD _n113541511
938			_aBaker and Taylor _bBTCP _nBK0017562050
938			_aCoutts Information Services _bCOUT _n32127938
938			_aYBP Library Services _bYANK _n12539954
029	1		_aAU@ _b000055077385
029	1		_aCHBIS _b010492273
029	1		_aCHVBK _b358885051
942			_cBOOK
994			_aZ0 _bSUPMU
948			_hNO HOLDINGS IN SUPMU - 68 OTHER HOLDINGS
596			_a1 2
999			_c4060 _d4060