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Inequality, consumer credit and the saving puzzle / Christopher Brown

By: Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: New directions in modern economics | Edward Elgar E-Book ArchivePublisher: Cheltenham ; Northampton, Mass : Edward Elgar, 2008Description: 1 Online-Ressource (x, 183 p) : illISBN:
  • 9781848443808
Subject(s): Additional physical formats: 9781847205094 (hardback) | 1847205097 (hbk.) | Available in another form: 1847205097 (hbk.) | Erscheint auch als: Inequality, consumer credit and the saving puzzle. Druck-Ausgabe Cheltenham[u.a.] : Edward Elgar, 2008. X, 183 S.DDC classification:
  • 332.7/43 22
RVK: RVK: QK 520 | QC 310LOC classification:
  • HG3755
DOI: DOI: 10.4337/9781848443808Online resources: Summary: Providing much needed context for current events like the sub-prime mortgage crisis, this timely book presents a vision of an economy evolved to greater dependence on consumer credit and analyzes the trade-offs and risks associated with it. While synthesizing the Keynesian theory of consumption with the Institutional theory of habit selection (brought up to date with new knowledge from evolutionary biology and neuroscience), this book represents an in-depth treatment of the macroeconomic dimensions of consumer credit and implications of recent financial innovations from a non-traditional economic approachSummary: 1. Consumer credit and effective demand -- 2. The household debt surge and the theory of habit selection -- 3. A brief history of innovation in the consumer credit industry -- 4. The saving puzzle : a closer examination -- 5. Macroeconomic aspects of consumer credit dependence -- 6. Balance sheet (minsky) effects : an empirical analysis -- 7. Consumerism, inequality and globalization -- 8. Final remarksPPN: PPN: 1023434326Package identifier: Produktsigel: ZDB-1-EWE
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