Titlebook: How Crises Shaped Economic Ideas and Policies; Wiser After the Even Nicos Christodoulakis Book 2015 Springer International Publishing Switz

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How Old Are Economics?,m of reaction, recovery and future prevention is carried out. The 7-year famine in ancient Egypt is a prime example of crisis-management that deeply influenced economic developments in the then known world. Later, a crisis of over-indebtedness in classical Athens led to a wide range of political and

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Economics Before the Industrial Revolution,es and superstitions. Social order could not be any more imposed by ruthless repression, and political philosophers set out to propose a new balance between individuals and the state with various degrees of state empowerment and individual choice..As deep conflicts of interest emerge among the prota

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The Industrial Revolution and the Foundation of Classical Economics,nvestment as the main drives of economic growth. A combination of technological advance, market incentives and better institutions made England the hotbed of the new age, leaving behind wealthier—yet dysfunctional and repressive—France. Adam Smith provided a theory on how markets can ensure unhinder

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Crises and Theories After the Industrial Revolution,rst capitalist crises. With falling profits, wages were further squeezed and soon a new movement was born demanding better conditions for the working class. Two formidable Germans interpreted the crises as a structural weakness of the capitalist system that would inevitably lead to its destruction.

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The Great Crisis and the Theory of Keynes,academic orthodoxy and policy makers were passively waiting for the economy to automatic return to normality, while Marxist orthodoxy was contemplating the doomsday of capitalism. It took a radical new approach to understand the intricacies of the crisis and mobilize a new type of policies that ulti

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From Keynesian Economics to Stagflation,Governments and mainstream economists alike to believe that Keynesian fine-tuning is able to thwart any sort of a recessionary threat. In a parallel development, microeconomics was dealing with all problems of individual behavior and market imperfections so that distortions could be minimized and a