000			03036cam a2200337 a 4500
003			OSt
005			20150318151708.0
006			m d
007			cr cnu---unuuu
008			100416s2010 nyua ob 001 0 eng d
020			_a9780199745364 (electronic bk.)
020			_a0199745366 (electronic bk.)
040			_aN$T _cN$T _dYDXCP _dEBLCP
050		4	_aHB 95
082	0	4	_a339 _222
100	1		_aFarmer, Roger E. A.
245	1	0	_aHow the economy works _h[electronic resource] : _bconfidence, crashes and self-fulfilling prophecies / _cRoger E.A. Farmer.
260			_aNew York, NY : _bOxford University Press, _c2010.
300			_a1 online resource (xiv, 193 p.) : _bill.
500			_aTitle from e-book t.p. screen (viewed Oct. 29, 2010).
504			_aIncludes bibliographical references and index.
505	0		_aClassical economics -- The impact of Keynes on the world economy -- Where the Keynesians lost their way -- The rational expectations revolution -- How central banks impact your life -- Why unemployment persists -- Why the stock market matters to you -- Will there be another great depression? -- Will monetary and fiscal policy work? -- How to solve a financial crisis.
520	0		_aIn How the Economy Works, one of our leading economists provides a jargon-free exploration of the current crisis, offering a powerful argument for how economics must change to get us out of it. Roger E.A. Farmer traces the swings between classical and Keynesian economics since the early twentieth century, gracefully explaining the elements of both theories. During the Great Depression, Keynes challenged the longstanding idea that an economy was a self-correcting mechanism; but his school gave way to a resurgence of classical economics in the 1970s-a rise that ended with the current crisis. Rather than simply allowing the pendulum to swing back, Farmer writes, we must synthesize the two. From classical economics, he takes the idea that a sound theory must explain how individuals behave-how our collective choices shape the economy. From Keynesian economics, he adopts the principle that markets do not always work well, that capitalism needs some guidance. The goal, he writes, is to correct the excesses of a free-market economy without stifling entrepreneurship and instituting central planning. Recent events have shown that we cannot afford to treat economics as an ivory-tower abstraction. It has a direct impact on our lives by guiding regulators and policymakers as they make decisions with far-reaching practical consequences.
650		0	_aFree enterprise.
650		0	_aMonetary policy.
650		0	_aEconomic policy.
776	0		_iPrint version: _tHow the economy works : confidence, crashes and self-fulfilling prophecies _z9780195397918 _z0195397916 _w(DLC) 2009032289 _w(OCoLC)430192642
856	4	0	_uhttp://www.canterbury.eblib.com.au/EBLWeb/patron?target=patron&extendedid=P_497611_0& _yConnect to electronic resource
942			_a29102010 _2ddc _cE-BOOK
945			_bDO NOT SET _cManual
999			_c23910 _d23910