The Global Great Recession

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Canterbery's latest literary work provides a definitive account of the Great Recession of 2007–2010. It presents an output-employment framework for evaluating the Great Recession. A chapter on the Great Depression provides a basis for comparison while outlining the institutions still intact that moderated that downturn. Finally, the aftermath of the recession is accounted for. In 2003 John Kenneth Galbraith, who knew both Michal Kalecki and John Maynard Keynes, called Canterbery, “the best.”Table of ContentsAt Inception The Great Depression Primal Keynesianism and the New Deal A Post Keynesian Framework The Rise of Casino Capitalism The Housing Bubble Conundrum The Anatomy of the Subprime Mortgage Bubble and Collapse The Fallout from the Housing Collapse The Great Money and Banking Panic The Unconventional Use of Monetary Policy The Deep Decline in Output and Employment The Unconventional Use of Fiscal Policy The Great Inequalities Policies: Old and New Prospects.