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A Brief Note on Economic Recessions, Banking Reform and the Future of Capitalism

In: The First Great Recession of the 21st Century

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  • Jesús Huerta de Soto

Abstract

The 2008–10 financial crisis and the global recession it created is a complex phenomenon that warrants detailed examination. The various essays in this book utilise several alternative paradigms to provide a plausible explanation and a credible cure. Great detail is given to this important analysis from different theoretical perspectives, presenting a clearer understanding of what went wrong and expounding misinterpretations of current theories and practices.

Suggested Citation

  • Jesús Huerta de Soto, 2011. "A Brief Note on Economic Recessions, Banking Reform and the Future of Capitalism," Chapters, in: Óscar Dejuán & Eladio Febrero & Maria Cristina Marcuzzo (ed.), The First Great Recession of the 21st Century, chapter 2, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14193_2
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    References listed on IDEAS

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    1. Jesús Huerta de Soto, 2010. "Socialism, Economic Calculation and Entrepreneurship," Books, Edward Elgar Publishing, number 13905.
    2. Hayek, F. A., 1997. "Socialism and War," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226320588 edited by Caldwell, Bruce, January.
    3. Francis Bismans & Christelle Mougeot, 2009. "Austrian business cycle theory: Empirical evidence," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 22(3), pages 241-257, September.
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    1. Van Den Hauwe Ludwig, 2016. "Understanding Financial Instability: Minsky Versus the Austrians," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 22(1), pages 25-60, July.
    2. Jesús Huerta de Soto, 2014. "In defense of the euro: an Austrian perspective (with a critique of the errors of the ECB and the interventionism of Brussels)," Chapters, in: Francesco Forte & Ram Mudambi & Pietro Maria Navarra (ed.), A Handbook of Alternative Theories of Public Economics, chapter 2, pages 34-59, Edward Elgar Publishing.
    3. Soto Jesús Huerta de, 2012. "Die Verteidigung des Euro: ein österreichischer Ansatz (Mit einer Kritik der Fehler der EZB und des Interventionismus aus Brüssel) / In Defense of the Euro – An Austrian Perspective (With a Critique o," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 63(1), pages 21-44, January.
    4. Huerta de Soto Jesús, 2013. "In Defense of the Euro: An Austrian Perspective (With a Critique of the Errors of the ECB and the Interventionism of Brussels)," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 19(1), pages 1-28, December.

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