Crisis: a Return to Rationality
This paper analyses the causes of economic crisis trying to reconcile the theory of "animal spirits" with the money supply expansion. It also aims to show the limits of the two opposing theories: both of the Keynesian and the Austrian ones, and to investigate the economic crisis in Greece,...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2012-02-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/689.pdf
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| Summary: | This paper analyses the causes of economic crisis trying
to reconcile the theory of "animal spirits" with the money supply
expansion. It also aims to show the limits of the two opposing theories:
both of the Keynesian and the Austrian ones, and to investigate the
economic crisis in Greece, focusing on the causes that triggered it. This
paper also shows the effects of population, bankers and of government
officials greed on economic activity in general, and the crisis in
particular. |
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| ISSN: | 1841-8678 1844-0029 |