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Journal of Economic Literature - Book Review

JEL Volume. 50, Issue 4 | leftPrevious Review Next Review right

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Book(s) Reviewed

The Greek Economy and the Crisis: Challenges and Responses by Panagiotis Petrakis

Published By: New York and Heidelberg: Springer
ISBN: 978-3-642-21174-4
Date of Publication: 2012


Book Review Detail

Reviewed by: Nikolaos Vettas of Athens University of Economics and Business and CEPR
Review DOI: 10.1257/jel.50.4.1106.r14
Review Pages: 1142-43

Book Review Abstract

Nikolaos Vettas of Athens University of Economics and Business and CEPR reviews, "The Greek Economy and the Crisis: Challenges and Responses" by Panagiotis Petrakis. The JEL annotation of this book begins: "Considers solutions to the problems of the Greek economy and its growth conditions. Discusses the responsibility of knowledge, challenges, and responses; the changing world and the Greek economy before the crisis; the precrisis growth of the Greek economy; the question of growth; human capital—education, innovation, and health; cultural values, stereotypes, and historical evolution; idiosyncratic economic institutions; political institutions and the distribution of income; human incentives; the 2008–2010 crisis and the European stability mechanism; the deeper causes of the Greek economic and social problems; the Greek economy and the crisis; the effectiveness of economic adjustment interventions; and the medium-long term outlook of the Greek economy. Petrakis is Professor in the Department of Economics at the National and Kapodistrian University of Athens. No index."


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Book Review Authors

Nikolaos Vettas of Athens University of Economics and Business and CEPR


JEL Classifications

E23: Macroeconomics: Production
E32: Business Fluctuations; Cycles
E44: Financial Markets and the Macroeconomy
G01: Financial Crises
O52: Economywide Country Studies: Europe
Z13: Economic Sociology; Economic Anthropology


Journal of Economic Literature


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