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Economics After the Crisis: Objectives and Means (Lionel Robbins Lectures) [Kindle Edition]

Adair Turner
3.8 out of 5 stars  See all reviews (5 customer reviews)

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Book Description

The global economic crisis of 2008--2009 seemed a crisis not just of economic performance but also of the system's underlying political ideology and economic theory. But a second Great Depression was averted, and the radical shift to New Deal-like economic policies predicted by some never took place. Perhaps the correct response to the crisis is simply careful management of the macroeconomic challenges as we recover, combined with reform of financial regulation to prevent a recurrence. In Economics After the Crisis, Adair Turner offers a strong counterargument to this somewhat complacent view. The crisis of 2008--2009, he writes, should prompt a wide set of challenges to economic and political assumptions and to economic theory. Turner argues that more rapid growth should not be the overriding objective for rich developed countries, that inequality should concern us, that the pre-crisis confidence in financial markets as the means of pursuing objectives was profoundly misplaced.

Product Description


"...With this book, Turner has proved that Britain still produces thinkers who combine ideas with practical experience."-- New Statesman "Adair Turner is the jewel in the crown of British public servants. He is one of a tiny minority in public life today capable of thinking and acting at the highest level. Economics After the Crisis, based on three lectures he delivered at the London School of Economics in 2010, is a thinking person's delight, not least for the clear and lucid way in which Turner sets out his arguments." -- Robert Skidelsky, The Times Literary Supplement

About the Author

Adair Turner, Chairman of Britain's Financial Services Authority from September 2008 to March 2013, is a Senior Fellow of the Institute for New Economic Thinking. He is Visiting Professor at the London School of Economics and at Cass Business School, City University London, and the author of Just Capital: The Liberal Economy.

Product details

  • Format: Kindle Edition
  • File Size: 1054 KB
  • Print Length: 128 pages
  • Publisher: The MIT Press (23 Mar. 2012)
  • Sold by: Amazon Media EU S.à r.l.
  • Language: English
  • ASIN: B007OX9IV8
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Average Customer Review: 3.8 out of 5 stars  See all reviews (5 customer reviews)
  • Amazon Bestsellers Rank: #339,657 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

3.8 out of 5 stars
3.8 out of 5 stars
Most Helpful Customer Reviews
2 of 2 people found the following review helpful
Format:Hardcover|Verified Purchase
The book is very interesting because it is the work of a very knowledgeable economist who is in the front line of financial reform in the UK. T
Its main proposition: economics is in need of a reconstruction in the sense that the purpose or objectives of economic activity and of an economic system must be reexamined, for one main reason: GDP growth does not seem to be an adequate proxy for welfare, happiness or wht-have-you in the rich countries (it matters much more in poor countries). Relative sealth seems to matter more due to issues of congestion, competition for scarce position or positional goods. As a result, income inequality mis probably a source of unhappiness after a certain point. All this is well argued.
Then a chapter is devoted to an assessment of a subsidiary proposition: that free markets are the best way of attaining social objectives. Emphasis is laid on financial markets, and while the conclusion may be rather obvious, the arguments are good. The last chapter is a little of a letdown (hence the missing fifth star), although there are interesting points there, too. Very readable and certainly worth reading.
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4.0 out of 5 stars Brilliant thinkng 5 July 2013
Format:Kindle Edition|Verified Purchase
Adair Turner is one of the greatest economic minds, he is willing to say things that are unconventional and to investigate ideas that are not mainstream. This is surprising given that he was the head of a regulatory body in the UK and would be expected to toe the line.
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1 of 2 people found the following review helpful
5.0 out of 5 stars Great book from an unexpected source 19 Nov. 2012
By C Y
Format:Kindle Edition|Verified Purchase
I've read a lot of post-GFC literature. Much of it is timid and limited in its scope.

This one is not. I enjoyed the ex-head of the CBI and a potential head of the BoE, explaining half-way through why he is not a green anarchist. It seems at that point as if his line of argument leads him to within an inch of growing dreads and setting out onto the festival scene with a dog on a string.

In summary, the discussion of post-growth economics makes good sense, and is hard-headed, not motivated by eco-mysticism.
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1 of 2 people found the following review helpful
1.0 out of 5 stars Kindle edition beware: defective font! 14 Oct. 2012
By gwi
Format:Kindle Edition|Verified Purchase
I like Adair Turner and normally enjoy his books. But the Kindle edition of this collection of essays has a font problem---or at least the version I purchased does. Parts of words (or even whole words) are sometimes truncated at the end of a line, which makes reading difficult. Nor is the problem resolved by changing the font size. Don't buy the Kindle edition until Amazon have sorted the problem.
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5.0 out of 5 stars Five Stars 30 Mar. 2015
Format:Paperback|Verified Purchase
Dispassionate analysis with profound conclusions.
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