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9780195397918

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In the morass of me-too books about financial crisis, 'How the Economy Works' stands out as a truly big idea. Peter Coy, Bloomberg Business This should be essential reading for anyone trying to understand what happened, especially for economists and policymakers focused on recovery.' Glenn Hubbard, Dean of the Columbia Business School, Columbia University, former Chairman of the Council of Economic Advisers An important policy proposal from a top thinker. Farmer balances the traditions of Hayek and Keynes to formulate a new way to stabilize the economy-and to solidify society's confidence about its future prospects. Simon Johnson, former chief economist at the International Monetary Fund Readers with a serious interest in this subject will find this timely book informative. Publishers Weekly

In the morass of me-too books about financial crisis, 'How the Economy Works' stands out as a truly big idea. Peter Coy, Bloomberg Business

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ROGER E. A. FARMER is a 2013 Senior Houblon Norman Fellow at the Bank of England. He is a Distinguished Professor of Economics at UCLA and served as Department Chair from July 2008 through December 2012. The author of six books and numerous academic journal articles, he is a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research and a Research Fellow of the Centre for Economic Policy Research. Professor Farmer has served, and continues to serve, as a consultant to central banks around the world. He is a regular contributor to the Financial Times, Project Syndicate and VoxEU. 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.

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