THE ILLUSION OF ECONOMIC STABILITY
Book ID/图书代码： 13149004B05968
English Summary/英文概要： In one of the foremost critiques of the widespread view that in market-based economics the fluctuations of the marketplace are essentially self-regulating, Eli Ginzberg argues the reverse. He asserts that government regulation or intervention to provide stability in the capitalist marketplace is a necessity. In this classic statement of macroeconomic theory, Ginzberg argues that self-directed stable economies, devoid of an appreciation of social and psychological factors, are essentially illusory.
The ability of strong blocs—corporate, labor, and agricultural—to control the market in the hope of bettering their economic position places great difficulties in the path of securing a stable economy. For Ginzberg, economic fluctuations in the decade preceding the Great Depression can largely be explained by the interaction of technological, psychological, and monetary factors. Without these factors being subjected to some sort of control, economic stability must remain an illusion.
The current period of a significant fall-off in earnings, profits, and full employment also followed a decade of unparalleled monetary growth. The concerns Ginzberg raised are relevant once again. It may turn out that the “neoliberalism” of the present has something to say in response to the free market/free society premises currently in vogue.
In a brilliant introductory essay, Nobel Laureate Robert M.Solow offers an impressive report card on The Illusion of Economic Stability: “The prose is tighter and more aphoristic than late Ginzberg, and the tone is more detached, even sardonic.” He concludes by admitting that a volatile stock market is one more reason why automatic economic stability seems as illusory today as it did when the book first appeared.
Chinese Summary/中文概要： 在经济学界有一个广为流行的观点，即以市场为基础的经济中，市场的波动从根本上来说是自我调节的。作者对此作出反驳。他认为，国家的调节或干预对于资本主义市场的稳定是必需的，缺乏社会和心理考虑的市场自我稳定完全是幻想。公司，劳工，农业这些强大集团为了自己得到更大利益而采取的行动会给经济稳定带来困难。大萧条前10年的经济波动大部分可用技术，心理和货币等因素的互动来解释。而近来工资，利润和充分就业的大幅下降，也源于前10年货币的过分增长。因此，对于目前流行的自由市场和自由社会的前提，“新自由主义”可以提出一些不同看法。
Awards/获奖情况：
About the Author/作者介绍： Eli Ginzberg（1911—2002）是哥伦比亚大学经济系资历最深的教授，他一生写过140本书和无数的文章。最著名的作品有：“新政时期：1933—1934”，“亚当-斯密与市场经济学的奠基”和“没有工作的世界”。
Format:MASS MARKET TRADE PAPERBACK
Rights Status/版权销售情况：Simplified Chinese/简体中文：AVAILABLE
Complex/Traditional Chinese/繁体中文：AVAILABLE
Sales in other countries/其他国家销售情况：
原文第一章内容：暂无
手稿：暂无
大纲：暂无