How the Economy Works: Confidence, Crashes and Self-Fulfilling Prophecies
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How the Economy Works: Confidence, Crashes and Self-Fulfilling Prophecies

Roger E. A. Farmer

Bringing new research to life in guiding policy in the aftermath of the financial crisis, Roger Farmer takes the economic ball up the middle between Hayek and Keynes. With an emphasis on swings in confidence and wealth, Farmer's criticisms of fiscal stimulus and interesting prescriptions for monetary policy should be essential reading for anyone trying to understand what happened, especially for economists and policymakers focused on recovery. Nonspecialists will find the book full of fascinating stories; economists will see some surprising new twists.

208 pages
(April 8, 2010)
Language: English
ISBN-10: 0195397916
ISBN-13: 978-0195397918

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