Buy new:
$16.38
FREE delivery: Thursday, Jan 11 on orders over $35.00 shipped by Amazon.
Ships from: Amazon.com
Sold by: Amazon.com
List Price: $26.99 Details

The List Price is the suggested retail price of a new product as provided by a manufacturer, supplier, or seller. Except for books, Amazon will display a List Price if the product was purchased by customers on Amazon or offered by other retailers at or above the List Price in at least the past 90 days. List prices may not necessarily reflect the product's prevailing market price.
Learn more
Save: $10.61 (39%)
Get Fast, Free Shipping with Amazon Prime FREE Returns
Return this item for free
  • Free returns are available for the shipping address you chose. You can return the item for any reason in new and unused condition: no shipping charges
  • Learn more about free returns.
FREE delivery Thursday, January 11 on orders shipped by Amazon over $35
Only 1 left in stock - order soon.
$$16.38 () Includes selected options. Includes initial monthly payment and selected options. Details
Price
Subtotal
$$16.38
Subtotal
Initial payment breakdown
Shipping cost, delivery date, and order total (including tax) shown at checkout.
FREE delivery January 17 - 18. Details
Used: Good | Details
Sold by International Book Sales
Condition: Used: Good
Comment: Good copy with moderate cover and page wear from being handled and read. Accessories or dust jacket may be missing. Could be an ex-library copy that will have all the stickers and or marking of the library. Some textual or margin notes possible, and or contain highlighting.
Access codes and supplements are not guaranteed with used items.
New & Used (37) from
$5.47  & FREE Shipping
Amazon book clubs early access
Loading your book clubs
There was a problem loading your book clubs. Please try again.
Not in a club? Learn more
Amazon book clubs early access

Join or create book clubs

Choose books together

Track your books
Bring your club to Amazon Book Clubs, start a new book club and invite your friends to join, or find a club that’s right for you for free.
Explore Amazon Book Clubs
Kindle app logo image

Download the free Kindle app and start reading Kindle books instantly on your smartphone, tablet, or computer - no Kindle device required.

Read instantly on your browser with Kindle for Web.

Using your mobile phone camera - scan the code below and download the Kindle app.

QR code to download the Kindle App

Roger E.A. Farmer
+ Follow
More books from this author
Something went wrong. Please try your request again later.

Prosperity for All: How to Prevent Financial Crises Illustrated Edition

by Roger E.A. Farmer (Author)
3.8 3.8 out of 5 stars 12 ratings
See all formats and editions
{"desktop_buybox_group_1":[{"displayPrice":"$16.38","priceAmount":16.38,"currencySymbol":"$","integerValue":"16","decimalSeparator":".","fractionalValue":"38","symbolPosition":"left","hasSpace":false,"showFractionalPartIfEmpty":true,"offerListingId":"ZHf67gZri2FcgJ61cn8l6gODvtHtapzJ%2F6O4sYJH5STjqf3N4lehwwg%2FRnneihHEZMc6sMaVgeQAbH73NJe9xB6%2FJ5tTjhghEtenarIUKykDT1gc5gDd7LaTxxDySA5haOfsWfB5j3AOiZnDQWO%2BwQ%3D%3D","locale":"en-US","buyingOptionType":"NEW","aapiBuyingOptionIndex":0}, {"displayPrice":"$5.47","priceAmount":5.47,"currencySymbol":"$","integerValue":"5","decimalSeparator":".","fractionalValue":"47","symbolPosition":"left","hasSpace":false,"showFractionalPartIfEmpty":true,"offerListingId":"ZHf67gZri2FcgJ61cn8l6gODvtHtapzJZLhm15m1aJpCrmjEJ5Jznw7dOONg00Bwk3O8ZeAan7e%2BmGMaUd00B9BPv3V4KdeWAWImQEdhdChOUhkYoSjeOUnmBRPygW%2F6ze8bpNvKV3cESk%2FvM%2FpiDx%2BSYe1vWvkclwP6m3LlivRVEvu2ZgodrA%3D%3D","locale":"en-US","buyingOptionType":"USED","aapiBuyingOptionIndex":1}]}

Purchase options and add-ons

In the aftermath of the 2008 financial crisis, economists around the world have advanced theories to explain the persistence of high unemployment and low growth rates. According to Roger E. A. Farmer, these theories can be divided into two leading schools of thought: the ideas of pre-Keynesian scholars who blame the recession on bad economic policy, and the suggestions of "New Keynesian" scholars who propose standard modifications to select assumptions of Keynes' General Theory.

But Farmer eschews both these schools of thought, arguing instead that in order to mitigate current financial crises-and prevent future ones-macroeconomic theory must become attuned to present-day conditions. Governments need to intervene in asset markets in a manner similar to the recent behavior of central banks, and principal actors in the international economy need to pursue financial stability. The primary mechanism for securing such stability would be for sovereign nations to create sovereign wealth funds backed by the present value of future tax revenues. These funds would function along the lines in which exchange-traded funds currently operate, and in time, they would become the backbone for stabilizing financial markets.

Written in clear, accessible language by a prominent macroeconomic theorist, Prosperity for All proposes a paradigm shift and policy changes that could successfully raise employment rates, keep inflation at bay, and stimulate growth.

Review

"The book is well written and will be of interest to economists who are looking for new
ways to think about macroeconomics." - Journal of Economic Literature"Though Farmer's argument is never cuddly, it accounts for the human emotion that mathematically driven models overlook: when businesspeople feel nervous, they don't invest, resulting in low values and volatile prices-and nervousness is the key emotion of our time. Technical but rarely arid and of interest to economists, investors, and policymakers." - Kirkus Reviews
"This is an ambitious, thought-provoking and well-written book that addresses the big macroeconomic questions of the day from an authoritative voice outside the mainstream. You may or may not agree with the conclusions, but it makes for a great, rewarding and stimulating read." - Claudio Borio, Head of the Monetary and Economic Department, Bank for International Settlements"Unafraid of challenging conventional macroeconomics, Farmer is second to none for presenting his views in a pedagogical way without sacrificing their sharpness." - Michel De Vroey, Professor Emeritus, University of Louvain"In this book, Professor Farmer challenges contemporary macroeconomic analysis. This book will no doubt generate debate, from which our profession will surely gain an improved understanding of economic processes." - Arnold Harberger, Distinguished Professor Emeritus, University of California Los Angeles and University of Chicago"Roger Farmer is an exceptional macroeconomist, whose contributions span the range from deep theory to high policy relevance. He argues that beliefs should be as fundamental as preferences, technology, and endowments. Roger's delightful examples and metaphors deepen understanding and add 'fun' to reading the book. His questions and arguments make the book as fascinating to read as a detective story." - William A. Barnett, Oswald Distinguished Professor of Macroeconomics, University of Kansas and Center for Financial Stability"Farmer sees a future free from stock market crashes and deep recessions, problems that he traces to financial panics fed by lender mischief and by abrupt swings in investor psychology. Inventing policies to manage market psychology will be no cakewalk but the task is important, and a serious public conversation about it seems long overdue. Policymakers, academics and informed citizens who want to join this conversation will find lots of help in Farmer's book." - Costas Azariadis, Edward Mallinckrodt Distinguished Professor in Arts & Sciences, Washington University, and Federal Reserve Bank of St. Louis"If you are looking for a lively sketch of mainstream macroeconomics spiced with a provocative alternative model and proposal for achieving full employment by stabilizing asset prices, this is the book you need. Here is the rare treat of an economist who both knows his field and has contributed to it standing back and writing about it in an accessible, non-technical way." - Michael Parkin, Professor Emeritus of Economics, University of Western Ontario

Book Description

A prominent macroeconomic theorist's striking proposal for how to return the global economy to pre-Recession level.

About the Author

Roger E. A. Farmer is a Distinguished Professor of Economics at UCLA. In 2013, he was the Senior Houblon-Norman Fellow at the Bank of England. He has published numerous scholarly articles in leading academic journals, as well as books that have been translated into Chinese, Italian, Vietnamese and Hungarian. He has previously held positions at the University of Pennsylvania, The European University Institute and the University of Toronto. He is a Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, Research Fellow of the Centre for Economic Policy Research, Fellow Commoner of Cambridge University, and Co-Editor of the International Journal of Economic Theory.
Previous page
  1. ISBN-10
    0190621435
  2. ISBN-13
    978-0190621438
  3. Edition
    Illustrated
  4. Publisher
    Oxford University Press
  5. Publication date
    October 7, 2016
  6. Language
    English
  7. Dimensions
    8.3 x 5.8 x 0.9 inches
  8. Print length
    296 pages
  9. See all details
Next page
Books with Buzz
Books with Buzz
Discover the latest buzz-worthy books, from mysteries and romance to humor and nonfiction. Explore more

Product details

  • Publisher ‏ : ‎ Oxford University Press; Illustrated edition (October 7, 2016)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 296 pages
  • ISBN-10 ‏ : ‎ 0190621435
  • ISBN-13 ‏ : ‎ 978-0190621438
  • Item Weight ‏ : ‎ 1.03 pounds
  • Dimensions ‏ : ‎ 8.3 x 5.8 x 0.9 inches
  • Customer Reviews:
    3.8 3.8 out of 5 stars 12 ratings

Important information

To report an issue with this product or seller, click here.

About the author

Follow authors to get new release updates, plus improved recommendations.

Roger E.A. Farmer

Brief content visible, double tap to read full content.
Full content visible, double tap to read brief content.

Professor Farmer, a world-leading macro-economist is currently a Distinguished Professor of Economics at UCLA.

Professor Farmer is a high profile and award winning economist. He was the Senior Houblon-Norman fellow at the Bank of England in 2013 and has published numerous scholarly articles in leading academic journals as well as books which have been translated into several languages. He is a Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, Research Associate of the Centre for Economic Policy Research, Fellow Commoner of Cambridge University and co-editor of the International journal of Economic Theory.

He has also served as a consultant to the Federal Reserve Bank of Atlanta, the Reserve Bank of Australia, the European Central Bank and the Bank of England and is a Visiting Scholar at the Federal Reserve Bank of San Francisco. He is a co-winner of the 2013 Maurice Allais Prize in Economic Science for his work on the inefficiency of financial markets; and in 2000, he received the University of Helsinki Medal in recognition of his work on self-fulfilling prophecies.

Also prolific in the media, Professor Farmer has written op eds for the Financial Times, The Guardian, Project Syndicate and VoxEu, among others.

Recent books include Prosperity for All: How to Prevent Financial Crises, How the Economy Works: Confidence, Crashes and Self-fulfilling Prophecies and Expectations, Employment and Prices. His books and recent academic papers provide a new macroeconomic paradigm and monetary and fiscal framework for economic stability in the 21st Century.

His research interests include the causes of unemployment; the role of the confidence; market psychology and self-fulfilling prophecies; the stock market and business cycle; new approaches to monetary and fiscal policy; and the role of the Fed.

Professor Farmer writes a top blog http://rogerfarmerblog.blogspot.co.uk/ and you can also follow him on twitter @farmerrf

Customer reviews

3.8 out of 5 stars
3.8 out of 5
12 global ratings

Top reviews from the United States

Giovanni Nicolò
5.0 out of 5 stars A new (and needed) economic paradigm!
Reviewed in the United States on January 28, 2017
Verified Purchase
3 people found this helpful
Helpful
 Report
Carlos Bello
5.0 out of 5 stars Very good written and very well documented
Reviewed in the United States on January 13, 2017
Verified Purchase
3 people found this helpful
Helpful
 Report

Top reviews from other countries

Francis Parfitt
4.0 out of 5 stars I particularly liked Farmer`s critique of the concept of a unique natural ...
Reviewed in Canada on January 2, 2017
Verified Purchase
Report
FEbeBar
4.0 out of 5 stars Great book!
Reviewed in the United Kingdom on February 28, 2017
Verified Purchase
Report