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About this book
The 2007-09 financial crisis and economic downturn inflicted considerable hardship on the U.S. population. This book argues that the financial crisis and ensuing recession reflected not just a malfunctioning of the financial system - but also inequalities and insecurities in access to livelihoods that favor well-off groups and leave ordinary people shouldering undue burdens of downside risk. This book, a collection of original papers by leading social economists and scholars in related fields, examines social, distributional, and ethical dimensions of the downturn. It should be of broad interest to the social-science and economic-policy communities.
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Keywords
Table of contents (12 chapters)
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Front Matter
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Beyond the Usual Economics
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Ethics, Social Responsibility, and Economic Policy
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Front Matter
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Distributional Effects of the Downturn
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Front Matter
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Social Economy and the Economic Downturn: Communities, Needs, and Capabilities
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Front Matter
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Back Matter
Reviews
"Eleven papers explore the causes and consequences of the current economic downturn beyond the usual focus on money, banking, and finance." - Journal of Economic Literature
"Unusual economic times call for going beyond the usual economics; this book does that; it provides a valuable contribution to the economic debate about the recent crisis and how to deal with it." - David Colander, CAJ Distinguished Professor of Economics, Middlebury College
"The contributors to this refreshingly accessible volume make clear that the destruction of livelihoods brought on by the Great Recession is not evenly shared. Our attention is drawn to where it deserves to be: on the human costs of failure to manage economies in a way that ensures broadly shared well-being and economic security." - Stephanie Seguino, Professor of Economics, University of Vermont
Editors and Affiliations
About the editor
Martha Starr is Assistant Professor at American University, USA. She is the co-editor on the Review of Social Economics journal and on the editorial board of Journal of Economics Issues and Journal of Pluralism and Economic Education. Starr's research interests are consumption, saving, wealth, macroeconomics, monetary policy, developing and emerging-market countries, and social economics.
Bibliographic Information
Book Title: Consequences of Economic Downturn
Book Subtitle: Beyond the Usual Economics
Editors: Martha A. Starr
Series Title: Perspectives from Social Economics
DOI: https://doi.org/10.1057/9780230118355
Publisher: Palgrave Macmillan New York
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Copyright Information: Palgrave Macmillan, a division of Nature America Inc. 2011
Hardcover ISBN: 978-0-230-10531-7Published: 25 February 2011
eBook ISBN: 978-0-230-11835-5Published: 30 April 2016
Series ISSN: 2662-396X
Series E-ISSN: 2662-3978
Edition Number: 1
Number of Pages: XIV, 270
Topics: Macroeconomics/Monetary Economics//Financial Economics, Economic Theory/Quantitative Economics/Mathematical Methods, Labor Economics, Regional/Spatial Science, Social Choice/Welfare Economics/Public Choice/Political Economy