TY  - CHAP
AB  - Abstract During times of economic crises, the public policy response is to abandon basic economic thinking and engage in “emergency economic” policies. We explore how the current financial crisis was in part caused by previous emergency economic measures. We then investigate the theoretical limitations of emergency economic responses. We argue that these responses fail to take into consideration the practical conditions of politics, thereby making them unsuitable to remedy the problems of a crisis. Lastly, we provide a preliminary analysis of the consequences resulting from emergency economic policies initiated in response to the 2008 financial crisis.
VL  - 20
SN  - 978-1-78635-274-3, 978-1-78635-273-6/1529-2134
DO  - 10.1108/S1529-213420160000020011
UR  - https://doi.org/10.1108/S1529-213420160000020011
AU  - Boettke Peter J.
AU  - Palagashvili Liya
PY  - 2016
Y1  - 2016/01/01
TI  - The Comparative Political Economy of a Crisis
T2  - Studies in Austrian Macroeconomics
T3  - Advances in Austrian Economics
PB  - Emerald Group Publishing Limited
SP  - 235
EP  - 263
Y2  - 2024/04/23
ER  -