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2021 | OriginalPaper | Buchkapitel

1. Introduction: Views on Economic Crises in the Twenty-First Century

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Abstract

The book focuses on economic change and the state interventions. The permanently applied Keynesian stabilization policy causes debt to rise. Minsky sees the current heavily debt-financed economy as the source of growing economic instability. The central banks take measures to strengthen the flow of profits and support asset holdings. In doing so, they favor economic inequality. Their massive interventions in economic crises lead to distorted markets and an intertemporal imbalance. In view of these adverse developments, a reorientation of state interventions is urgently needed.

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Metadaten
Titel
Introduction: Views on Economic Crises in the Twenty-First Century
verfasst von
Ralf Pauly
Copyright-Jahr
2021
DOI
https://doi.org/10.1007/978-3-658-33626-4_1