Restarting the global economy: Three mismatches that need concerted public action
Michael Spence, Danny Leipziger, James Manyika, Ravi Kanbur
Earth economics studies the economy of our planet from the perspective of an autarkic system (a “closed economy”). It ignores the constituent national and regional parts of the planet economy and focuses on the whole. The book respects the heritages of IS/LM (Keynes) and neoclassical growth (Solow) not out of economic respect but because these tools are very useful in understanding the crisis and the policy response to that crisis.
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