Recession and Its Aftermath

Adjustments in the United States, Australia, and the Emerging Asia

Business & Finance, Economics, Macroeconomics
Cover of the book Recession and Its Aftermath by , Springer India
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9788132205326
Publisher: Springer India Publication: August 4, 2012
Imprint: Springer Language: English
Author:
ISBN: 9788132205326
Publisher: Springer India
Publication: August 4, 2012
Imprint: Springer
Language: English

Market failure at medium intervals is inevitable in a capitalist economy. Such failures may not be seriously seen in the short run because market adjusts demand through hoarding of inventory or import of required goods and services. The market also adjusts demand in the long run through expansion of concerned industrial output and also by the entry of new firms. The crucial variable is price which also adjusts the commodity and the labor market. The problem comes when there are issues of overproduction, over capacity utilization of plants, over liquidation and excess supply of money, change in demand because of change in tastes and habits of consumers, households and the public. All these create knife edge disturbances in the economy. As a consequence they need adjustment through some variables such as employment and growth of population, saving propensity, technology, exhaustion of existing inventory, monetary and fiscal balancing. In this volume an attempt has been made to appraise the working of a market economy where short term disturbances may occur, market efficiency reduces, recessionary cycle emerges and after certain fundamental measures the market recovers. Starting with a brief recent history of the crisis and the recession, discussions in this volume turn to how deliberations in macroeconomics yield implications for specific policies, some of which have been tried and others still to be tested. Further in the volume we propose policies necessary for efficient regulation of the economic system, and give a brief assessment of the extent to which global policy coordination has been mulled in policy circles even if these are not seriously practiced.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Market failure at medium intervals is inevitable in a capitalist economy. Such failures may not be seriously seen in the short run because market adjusts demand through hoarding of inventory or import of required goods and services. The market also adjusts demand in the long run through expansion of concerned industrial output and also by the entry of new firms. The crucial variable is price which also adjusts the commodity and the labor market. The problem comes when there are issues of overproduction, over capacity utilization of plants, over liquidation and excess supply of money, change in demand because of change in tastes and habits of consumers, households and the public. All these create knife edge disturbances in the economy. As a consequence they need adjustment through some variables such as employment and growth of population, saving propensity, technology, exhaustion of existing inventory, monetary and fiscal balancing. In this volume an attempt has been made to appraise the working of a market economy where short term disturbances may occur, market efficiency reduces, recessionary cycle emerges and after certain fundamental measures the market recovers. Starting with a brief recent history of the crisis and the recession, discussions in this volume turn to how deliberations in macroeconomics yield implications for specific policies, some of which have been tried and others still to be tested. Further in the volume we propose policies necessary for efficient regulation of the economic system, and give a brief assessment of the extent to which global policy coordination has been mulled in policy circles even if these are not seriously practiced.

More books from Springer India

Cover of the book Evolutionary Constrained Optimization by
Cover of the book Fluid Mechanics and Fluid Power – Contemporary Research by
Cover of the book Big Data Analytics by
Cover of the book Proceedings of All India Seminar on Biomedical Engineering 2012 (AISOBE 2012) by
Cover of the book Atlas of Head and Neck Cancer Surgery by
Cover of the book Integrated Nanoelectronics by
Cover of the book Eastern and Cross Cultural Management by
Cover of the book Co-Creation and Learning by
Cover of the book Biomonitoring of Water and Waste Water by
Cover of the book Women’s Political Participation in Bangladesh by
Cover of the book Plant Tissue Culture: An Introductory Text by
Cover of the book Insights into Inclusive Growth, Employment and Wellbeing in India by
Cover of the book Small Towns and Decentralisation in India by
Cover of the book Proceedings of 10th International Kimberlite Conference by
Cover of the book Exploring Image Binarization Techniques by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy