How The Economic Machine Works

Level: beginner
Ray Dalio | Bridgewater Associates, 2013
Perspective: Post-Keynesian Economics
Topic: crisis, money & debt
Format: Short Film
Duration: 00:30:59
Link: https://www.youtube.com/watch?v=PHe0bXAIuk0
The author identifies three principal economic phenomena, which are explained: long run productivity growth as the central driver of increasing economic activity, short-term and long-term debt cycles. The latter two are explained to some detailed with reference to money creation, central banking and long term crisis tendencies. With regards to the long run debt cycle, which leads into deleveraging and recession, some policy measures which can smoothen the crisis are discussed.

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Das Netzwerk Plurale Ökonomik e.V. wird aufgrund seiner Unabhängigkeit und des Einsatzes für Pluralismus und Vielfalt nicht von finanzstarken Interessensgruppen getragen. Deshalb freuen wir uns sehr über eine einmalige oder dauerhafte Spende.