TY - BOOK AU - I͡Avlinskiĭ,G. AU - Bouis,Antonina W. ED - ebrary, Inc. TI - Realeconomik: the hidden cause of the Great Recession (and how to avert the next one) AV - HB835 .I28 2011eb U1 - 330.9/0511 22 PY - 2011/// CY - New Haven PB - Yale University Press KW - Wealth KW - Moral and ethical aspects KW - Recessions KW - Capitalism KW - Bank failures KW - Financial crises KW - Prevention KW - Global Financial Crisis, 2008-2009 KW - Electronic books KW - local N1 - Includes bibliographical references (p. [155]-157) and index; Electronic reproduction; Palo Alto, Calif.; ebrary; 2013; Available via World Wide Web; Access may be limited to ebrary affiliated libraries N2 - "This book directly confronts uncomfortable questions that many prefer to brush aside: if economists and other scholars, politicians, and business professionals understand the causes of economic crises, as they claim, then why do such damaging crises continue to occur? Can we trust business and intellectual elites who advocate the principles of Realpolitik and claim the "public good" as their priority, yet consistently favor maximization of profit over ethical issues? Former deputy prime minister of Russia Grigory Yavlinsky, an internationally respected free-market economist, makes a powerful case that the often-cited causes of global economic instability-institutional failings, wrong decisions by regulators, insufficient or incorrect information, and the like-are only secondary to a far more significant underlying cause: the failure to understand that universal social norms are essential to thriving businesses and social and economic progress. Yavlinsky explores the widespread disregard for moral values in business decisions and calls for restoration of principled behavior in politics and economic practices. The unwelcome alternative, he warns, will be a twenty-first-century global economy in the grip of unending crises"-- UR - http://site.ebrary.com/lib/daystar/Doc?id=10514888 ER -