University of Hertfordshire

Economic Disorder and Crisis

Research output: Book/ReportBook

  • Shahzavar Karimzadi
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Original languageEnglish
PublisherRoutledge
Publication statusIn preparation - 2020

Abstract

For over three centuries developed economies have been experiencing frequent financial crisis. These crises have resulted in widespread economic contraction, bankruptcy and unemployment of millions of workers. The mainstream economic response to such crises has been ineffectual. Hitherto, there have been two strands of reaction to such crises that have been dominant in economic thought. The most traditional response has been one that considers any breakdown in the economic system as something natural. Cyclical fluctuations are understood as a vital operational dynamism of the system. Business cycles are not just meant to occur time to time but are necessary, defensive devices that will propel the economy to readjust and get back to its stationary equilibrium position.
Economic Disorder and Crisis aimed at formulating effective macroeconomic policies for central banks and monetary policy committees in order that they are prepared for the destructive impact of massive economic disorders and financial crises and to protect the most vulnerable economic agents from the adverse effects of such economic turmoil.

ID: 16669634