02802nam a2200385 a 4500 ebr10514888 CaPaEBR m u cr cn||||||||| 110404s2011 ctu sb 001 0 eng d 2011012017 9780300159103 (hardback) 9780300161267 (e-book) CaPaEBR CaPaEBR (OCoLC)772532900 HB835 .I28 2011eb 330.9/0511 22 �I�Avlinski�i, G. (Grigori�i) Realeconomik [electronic resource] : the hidden cause of the Great Recession (and how to avert the next one) / Grigory Yavlinsky ; translated from the Russian by Antonina W. Bouis. New Haven : Yale University Press, c2011. xiii, 166 p. Includes bibliographical references (p. [155]-157) and index. "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"-- Provided by publisher. Electronic reproduction. Palo Alto, Calif. : ebrary, 2013. Available via World Wide Web. Access may be limited to ebrary affiliated libraries. Wealth Moral and ethical aspects. Recessions. Capitalism. Bank failures. Financial crises Prevention. Global Financial Crisis, 2008-2009. Electronic books. local Bouis, Antonina W. ebrary, Inc. http://site.ebrary.com/lib/rucke/Doc?id=10514888 An electronic book accessible through the World Wide Web; click to view 225324 225324