Life After Debt: The Origins and Resolutions of Debt Crisis

English | 23 July 2014 | ISBN: 1137411465 | 338 Pages | PDF | 2.26 MB

In the last 30 years economic crises have become more frequent and expensive than ever before. This volume provides a pluralistic discussion from world-renowned scholars on the international aspects of the debt crisis and prospects for resolution. It argues that current economic policies exacerbate the problem of inefficient and unstable markets as they are based on standard economic theory which focuses on equilibrium models rather than equilibrium behaviour. It provides a comprehensive evaluation of how the debt crisis has affected Western Europe, the emerging markets and Latin America, and puts forward different suggestions for recovery.

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