The Lessons of the North Atlantic Crisis for Economic Theory and Policy

In analysing the financial crisis that began in 2007 and led to the Great Recession, we should try to benefit somewhat from the misfortune of recent decades: The approximately 100 crises that have occurred during the last 30 years –as liberalization policies became dominant – have given us a wealth...

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Bibliographic Details
Main Author: Stiglitz, Joseph E.
Format: Other/Unknown Material
Language:English
Published: 2014
Subjects:
Economics
Macroeconomics
Financial crises
Economic policy
North Atlantic
Online Access:https://doi.org/10.7916/d8-gkqv-hq63
id ftcolumbiauniv:oai:academiccommons.columbia.edu:10.7916/d8-gkqv-hq63
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spelling ftcolumbiauniv:oai:academiccommons.columbia.edu:10.7916/d8-gkqv-hq63 2023-05-15T17:32:13+02:00 The Lessons of the North Atlantic Crisis for Economic Theory and Policy Stiglitz, Joseph E. 2014 https://doi.org/10.7916/d8-gkqv-hq63 English eng https://doi.org/10.7916/d8-gkqv-hq63 Economics Macroeconomics Financial crises Economic policy Chapters (layout features) 2014 ftcolumbiauniv https://doi.org/10.7916/d8-gkqv-hq63 2019-04-20T22:19:42Z In analysing the financial crisis that began in 2007 and led to the Great Recession, we should try to benefit somewhat from the misfortune of recent decades: The approximately 100 crises that have occurred during the last 30 years –as liberalization policies became dominant – have given us a wealth of experience and mountains of data. If we look over a 150-year period, we have an even richer data set. With a century and half of clear, detailed information on crisis after crisis, the burning question is not ‘How did this happen?’ but ‘How did we ignore that long history, and think that we had solved the problems with the business cycle’? Believing that we had made big economic fluctuations a thing of the past took a remarkable amount of hubris. Other/Unknown Material North Atlantic Columbia University: Academic Commons
institution Open Polar
collection Columbia University: Academic Commons
op_collection_id ftcolumbiauniv
language English
topic Economics
Macroeconomics
Financial crises
Economic policy
spellingShingle Economics
Macroeconomics
Financial crises
Economic policy
Stiglitz, Joseph E.
The Lessons of the North Atlantic Crisis for Economic Theory and Policy
topic_facet Economics
Macroeconomics
Financial crises
Economic policy
description In analysing the financial crisis that began in 2007 and led to the Great Recession, we should try to benefit somewhat from the misfortune of recent decades: The approximately 100 crises that have occurred during the last 30 years –as liberalization policies became dominant – have given us a wealth of experience and mountains of data. If we look over a 150-year period, we have an even richer data set. With a century and half of clear, detailed information on crisis after crisis, the burning question is not ‘How did this happen?’ but ‘How did we ignore that long history, and think that we had solved the problems with the business cycle’? Believing that we had made big economic fluctuations a thing of the past took a remarkable amount of hubris.
format Other/Unknown Material
author Stiglitz, Joseph E.
author_facet Stiglitz, Joseph E.
author_sort Stiglitz, Joseph E.
title The Lessons of the North Atlantic Crisis for Economic Theory and Policy
title_short The Lessons of the North Atlantic Crisis for Economic Theory and Policy
title_full The Lessons of the North Atlantic Crisis for Economic Theory and Policy
title_fullStr The Lessons of the North Atlantic Crisis for Economic Theory and Policy
title_full_unstemmed The Lessons of the North Atlantic Crisis for Economic Theory and Policy
title_sort lessons of the north atlantic crisis for economic theory and policy
publishDate 2014
url https://doi.org/10.7916/d8-gkqv-hq63
genre North Atlantic
genre_facet North Atlantic
op_relation https://doi.org/10.7916/d8-gkqv-hq63
op_doi https://doi.org/10.7916/d8-gkqv-hq63
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