Global Economic Turmoil And The Public Good

Steven Rosefielde · Daniel Quinn Mills

May 2015 · Series On Mathematics Education Book 10 · World Scientific

About this ebook

The global financial crisis of 2008 was resolved over the course of two years after the collapse of the US housing bubble, but the world economy did not vigorously rebound as expected. The West has been torpid, while Asian economic vitality has steadily waned. These developments have been diversely interpreted and authorities have responded with a series of institutional reforms and policy fixes, without coming to grips with accumulating national debts, the kinds of speculative practices that caused the financial crisis, and the inadequacies of neoclassical and Keynesian macroeconomic explanations.Global Economic Turmoil and the Public Good presents the cumulative research of both authors. It updates the readers on global economic developments since 2008, while providing a concise, yet comprehensive survey of the causes and protracted consequences of the 2008 financial crisis. The book explains the global financial disequilibrium and catastrophic crisis risks; surveys and appraises institutional reforms designed to reinvigorate growth and ameliorate financial crisis risk; and proposes specific actions which will prevent another global financial crisis and its economic fallout.

About the author

Steven Rosefielde is Professor of Economics at the University of North Carolina, Chapel Hill, and Adjunct Professor of Defense and Strategic Studies, Center for Defense and Strategic Studies, Southwest Missouri State University, Springfield. The author or editor of eleven books on Russia and the Soviet Union, including Russia in the 21st Century (Cambridge University Press, 2005), he is also a member of the Russian Academy of Natural Science. Professor Rosefielde has served as a consultant to the Office of the Secretary of Defense and advised several directors of the US Central Intelligence Agency and the US National Intelligence Council. Professor Rosefielde has also worked with the Swedish Defense Agency and the Central Economics and Mathematics Institute (Moscow) for more than a quarter century and with the Center for Defense and Foreign Policy (Moscow) for more than a decade.