Abstract
The financial crash of 2007–2008 brought about the biggest economic recession since 1929. Can we expect a lost decade in terms of output and employment? Or, even worse, several lost decades like in Japan, where a similar crisis erupted in 1991 and has not yet been overcome? From the post-Keynesian and Schumpeterian standpoint on which this chapter relies, the answer is yes.
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© 2015 Óscar Dejuán
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Dejuán, Ó. (2015). Long Waves of Prosperity and Decline: What Makes Financial-Led Capitalism Different?. In: Chu, YP. (eds) Lost Decades in Growth Performance. Palgrave Macmillan Studies in Economics and Banking. Palgrave Macmillan, London. https://doi.org/10.1057/9781137478757_4
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DOI: https://doi.org/10.1057/9781137478757_4
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