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How neoliberalism systematically enhanced  the current crisis: An analysis of the trajectories  behind the imbalances in the euro zone  and a proposal for solution

How neoliberalism systematically enhanced the current crisis: An analysis of the trajectories behind the imbalances in the euro zone and a proposal for solution

von Ann-Katrin Bohmüller
Taschenbuch - 9783639487268
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Beschreibung

Since 2007 the global economy is facing major instabilities and most neoclassical economists as well as the common media associate the crisis mainly with financial deregulation and, especially in Europe, with too high government debt levels. The measures taken to solve the problem go into the same direction. Austerity measures and bank regulations are at the center of attention. However, after more than 5 years Europe is still in a severe recession and until today there is no light at the end of the tunnel. The national economies suffer deep recessions and especially the deficit countries are trapped in a vicious cycle of wage moderation, shortage of investment and debt payments. This essay advances the view, that the root of the current crisis is much deeper and financial liberalization is only one side of the coin. The neoliberal obsession of wage moderation and the increasing income inequality have been structural causes underlying the present crisis.

Details

Verlag AV Akademikerverlag
Ersterscheinung Oktober 2013
Maße 220 mm x 150 mm x 6 mm
Gewicht 153 Gramm
Format Taschenbuch
ISBN-13 9783639487268
Auflage Nicht bekannt
Seiten 92

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