The Illusion of Economic Stability

Eli Ginzberg

The Illusion of Economic Stability
Format
Paperback
Publisher
Transaction Publishers
Country
United Kingdom
Published
31 December 2003
Pages
299
ISBN
9780765805485

The Illusion of Economic Stability

Eli Ginzberg

In one of the foremost critiques of the widespread view that in market-based economics the fl uctuations of the marketplace are essentially self-regulating, Eli Ginzberg argues the reverse. He asserts that government regulation or intervention to provide stability in the capitalist marketplace is a necessity. In this classic statement of macroeconomic theory, Ginzberg argues that self-directed stable economies, devoid of an appreciation of social and psychological factors, are essentially illusory.

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