Consequences of economic downturn : beyond the usual economics

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Title:

Author:

Starr, Martha A.

ISBN:

9780230105317

Edition:

1st ed.

Publication Information:

New York : Palgrave Macmillan, 2011.

Physical Description:

xiv, 270 p. : ill. ; 22 cm.

Series:

Perspectives from social economics

Abstract:

"This book investigates three sets of questions raised by the economic downturn, corresponding to the three sections of the book. The first concerns issues of ethics and social responsibility in economic policymaking and in business and finance; how the costs of the downturn have fallen within the population -- in terms of lost incomes, lost jobs, declining wealth, unmanageable debt burdens, reductions in spending on necessities, lost homes, and other problems of insecurity and financial distress; and lastly: concerns the rise of unmet basic needs -- for food, shelter and health care -- during the downturn"--

Subject Term:

Recessions -- Social aspects -- United States.

Financial crises -- Social aspects -- United States.

Global Financial Crisis, 2008-2009 -- Social aspects.

Geographic Term:

United States -- Economic conditions -- 2009-

United States -- Economic policy -- 2009-

Added Author:

Starr, Martha A.

Copies:

Available:*

Library	Material Type	Item Barcode	Shelf Number	Copy	Status
Searching... 1:IIEMSA	1:GEN-BOOK	33168025544509	330.973 S795C 2011	1	Searching... Unknown

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Summary

The 2007-09 financial crisis and economic downturn inflicted considerable hardship on the U.S. population. This book argues that the financial crisis and ensuing recession reflected not just a malfunctioning of the financial system - but also inequalities and insecurities in access to livelihoods that favor well-off groups and leave ordinary people shouldering undue burdens of downside risk. This book, a collection of original papers by leading social economists and scholars in related fields, examines social, distributional, and ethical dimensions of the downturn. It should be of broad interest to the social-science and economic-policy communities.