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Item Details
Title: THE CRISIS OF CAPITALIST DEMOCRACY
By: Richard A. Posner
Format: Paperback

List price: £26.95
Our price: £21.02
Discount:
22% off
You save: £5.93
ISBN 10: 0674062191
ISBN 13: 9780674062191
Availability: Usually dispatched within 1-3 weeks.
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Stock: Currently 0 available
Publisher: HARVARD UNIVERSITY PRESS
Pub. date: 1 November, 2011
Pages: 408
Description: Takes a longer view of the crisis of democratic capitalism as the American and world economies crawl gradually back from the depths to which they had fallen in the autumn of 2008 and the winter of 2009. This title calls for fresh thinking about the business cycle that would build on the original ideas of Keynes.
Synopsis: Following up on his timely and well-received book, "A Failure of Capitalism", Richard Posner steps back to take a longer view of the continuing crisis of democratic capitalism as the American and world economies crawl gradually back from the depths to which they had fallen in the autumn of 2008 and the winter of 2009. By means of a lucid narrative of the crisis and a series of analytical chapters pinpointing critical issues of economic collapse and gradual recovery, Posner helps non-technical readers understand business-cycle and financial economics, and financial and governmental institutions, practices, and transactions, while maintaining a neutrality impossible for persons professionally committed to one theory or another. He calls for fresh thinking about the business cycle that would build on the original ideas of Keynes. Central to these ideas is that of uncertainty as opposed to risk. Risk can be quantified and measured. Uncertainty cannot, and in this lies the inherent instability of a capitalist economy. As we emerge from the financial earthquake, a deficit aftershock rumbles.It is in reference to that potential aftershock, as well as to the government's stumbling efforts at financial regulatory reform, that Posner raises the question of the adequacy of our democratic institutions to the economic challenges heightened by the greatest economic crisis since the Great Depression. The crisis and the government's energetic response to it have enormously increased the national debt at the same time that structural defects in the American political system may make it impossible to pay down the debt by any means other than inflation or devaluation.
Illustrations: 2 graphs
Publication: US
Imprint: Harvard University Press
Returns: Returnable
Some other items by this author:
A FAILURE OF CAPITALISM (PB)
A GUIDE TO AMERICA'S SEX LAWS (HB)
A GUIDE TO AMERICA'S SEX LAWS (PB)
AGING AND OLD AGE (HB)
AGING AND OLD AGE (PB)
AN AFFAIR OF STATE
AN AFFAIR OF STATE (PB)
ANTITRUST (HB)
ANTITRUST LAW (HB)
ANTITRUST LAW (PB)
ANTITRUST LAW SECOND EDITION (PB)
BREAKING THE DEADLOCK
BREAKING THE DEADLOCK (HB)
CARDOZO (HB)
CARDOZO (PB)
CATASTROPHE (PB)
CHILD EXPLOITATION AND TRAFFICKING
CHILD EXPLOITATION AND TRAFFICKING (HB)
CHILD EXPLOITATION AND TRAFFICKING (HB)
CHILD EXPLOITATION AND TRAFFICKING (PB)
CORPORATE BANKRUPTCY
CORPORATE BANKRUPTCY (HB)
CORPORATE BANKRUPTCY (PB)
COUNTERING TERRORISM (HB)
DIVERGENT PATHS
DIVERGENT PATHS (HB)
ECONOMIC FOUNDATIONS OF PRIVATE LAW (PB)
FRONTIERS OF LEGAL THEORY (PB)
HENRY FRIENDLY, GREATEST JUDGE OF HIS ERA
HENRY FRIENDLY, GREATEST JUDGE OF HIS ERA (HB)
HOW JUDGES THINK (PB)
LAW AND ECONOMICS (HB)
LAW AND LEGAL THEORY IN ENGLAND AND AMERICA (HB)
LAW AND LITERATURE
LAW AND LITERATURE (PB)
LAW, PRAGMATISM AND DEMOCRACY (PB)
LAW, PRAGMATISM, AND DEMOCRACY
NOT A SUICIDE PACT
OVERCOMING LAW (PB)
POLICY AND PRAGMATISM IN THE CONFLICT OF LAWS
POLICY AND PRAGMATISM IN THE CONFLICT OF LAWS (HB)
PREVENTING SURPRISE ATTACKS (HB)
PRIVATE CHOICES AND PUBLIC HEALTH (HB)
PUBLIC INTELLECTUALS
PUBLIC INTELLECTUALS (PB)
REFLECTIONS ON JUDGING (HB)
REMAKING DOMESTIC INTELLIGENCE
REMAKING DOMESTIC INTELLIGENCE
REMAKING DOMESTIC INTELLIGENCE (HB)
ROBINSON-PATMAN ACT (PB)
SEX AND REASON
SEX AND REASON (PB)
THE BEHAVIOR OF FEDERAL JUDGES
THE BEHAVIOR OF FEDERAL JUDGES (HB)
THE COASE THEOREM (HB)
THE ECONOMIC STRUCTURE OF INTELLECTUAL PROPERTY LAW
THE ECONOMIC STRUCTURE OF INTELLECTUAL PROPERTY LAW (HB)
THE ECONOMIC STRUCTURE OF THE LAW (HB)
THE ECONOMIC STRUCTURE OF TORT LAW
THE ECONOMICS OF JUSTICE (PB)
THE ECONOMICS OF PRIVATE LAW (HB)
THE ECONOMICS OF PUBLIC LAW (HB)
THE ESSENTIAL HOLMES (PB)
THE FEDERAL COURTS
THE FEDERAL COURTS (PB)
THE FEDERAL JUDICIARY (HB)
THE PROBLEMATICS OF MORAL AND LEGAL THEORY (PB)
THE PROBLEMS OF JURISPRUDENCE (PB)
THE QUOTABLE JUDGE POSNER (HB)
THE QUOTABLE JUDGE POSNER (PB)
UNCERTAIN SHIELD (HB)
UNCOMMON SENSE (HB)
UNCOMMON SENSE (PB)
UNCOMMON SENSE (PB)
WHAT CAUSED THE FINANCIAL CRISIS
WHAT CAUSED THE FINANCIAL CRISIS (PB)

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