Radical Origins to Economic Crises

Germán Bernácer, A Visionary Precursor

Business & Finance, Economics, Macroeconomics
Cover of the book Radical Origins to Economic Crises by Henri Savall, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Henri Savall ISBN: 9783319933665
Publisher: Springer International Publishing Publication: October 17, 2018
Imprint: Palgrave Macmillan Language: English
Author: Henri Savall
ISBN: 9783319933665
Publisher: Springer International Publishing
Publication: October 17, 2018
Imprint: Palgrave Macmillan
Language: English

This book presents the complete and pioneering works of the great Spanish economist, Germán Bernácer (1883-1965), to an English audience for the first time. Bernácer, the first director of the Research Service of the Bank of Spain (1930–55), inspired Keynes’ theory but was also a major critic and opponent of it. A macro economist by trade, Bernácer’s major theory related to recurring crises, which he believed were inherent in the existence of speculative markets such as property, works of art, long term currency markets, commercial trading, materials, and energy. Bernácer believed that these speculative markets generate unearned income and hoarding,they abound in financial capital and, when such capital is captured, it then lacks in production industries where real value is created, draining their financing. The author shows how history has repeated itself in this manner in 1929, 2007, 2008, 2014 and 2016.

The author derives his content from Bernácer’s Spanish publications and his private correspondence with his contemporary economists, providing an historical and thematic insight into his thinking. It is well-timed to contribute to current worldwide debates on monetary,financial and budgetary policies needed to implement an economic order that can restore economic stability, providing readers with rare and important insights into the deep roots of crises.

The book will be of interest to all readers interested in the history of economic thought, history of financial crises, Keynesian approaches to economics and criticism to Keynesian approaches.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book presents the complete and pioneering works of the great Spanish economist, Germán Bernácer (1883-1965), to an English audience for the first time. Bernácer, the first director of the Research Service of the Bank of Spain (1930–55), inspired Keynes’ theory but was also a major critic and opponent of it. A macro economist by trade, Bernácer’s major theory related to recurring crises, which he believed were inherent in the existence of speculative markets such as property, works of art, long term currency markets, commercial trading, materials, and energy. Bernácer believed that these speculative markets generate unearned income and hoarding,they abound in financial capital and, when such capital is captured, it then lacks in production industries where real value is created, draining their financing. The author shows how history has repeated itself in this manner in 1929, 2007, 2008, 2014 and 2016.

The author derives his content from Bernácer’s Spanish publications and his private correspondence with his contemporary economists, providing an historical and thematic insight into his thinking. It is well-timed to contribute to current worldwide debates on monetary,financial and budgetary policies needed to implement an economic order that can restore economic stability, providing readers with rare and important insights into the deep roots of crises.

The book will be of interest to all readers interested in the history of economic thought, history of financial crises, Keynesian approaches to economics and criticism to Keynesian approaches.

More books from Springer International Publishing

Cover of the book Composite Synthetic Scaffolds for Tissue Engineering and Regenerative Medicine by Henri Savall
Cover of the book Robotic Fabrication in Architecture, Art and Design 2018 by Henri Savall
Cover of the book Diasporas, Development and Governance by Henri Savall
Cover of the book RuPaul’s Drag Race and the Shifting Visibility of Drag Culture by Henri Savall
Cover of the book Fungal Biofilms and related infections by Henri Savall
Cover of the book Sustainable City Management by Henri Savall
Cover of the book Automated Technology for Verification and Analysis by Henri Savall
Cover of the book Industrial Networks and Intelligent Systems by Henri Savall
Cover of the book Information Systems and Neuroscience by Henri Savall
Cover of the book India as an Organization: Volume Two by Henri Savall
Cover of the book International Human Resources Management by Henri Savall
Cover of the book Assessing the Economic Impact of Tourism by Henri Savall
Cover of the book Turnpike Phenomenon and Infinite Horizon Optimal Control by Henri Savall
Cover of the book Combinatorial Optimization and Applications by Henri Savall
Cover of the book Statistical Physics for Electrical Engineering by Henri Savall
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy