|
Books > Business & Economics > Business & management > Business strategy
|
Buy Now
From Financial Crisis to Stagnation - The Destruction of Shared Prosperity and the Role of Economics (Paperback)
Loot Price: R1,317
Discovery Miles 13 170
|
|
|
From Financial Crisis to Stagnation - The Destruction of Shared Prosperity and the Role of Economics (Paperback)
Expected to ship within 12 - 19 working days
|
The US economy today is confronted with the prospect of extended
stagnation. This book explores why. Thomas I. Palley argues that
the Great Recession and destruction of shared prosperity is due to
flawed economic policy over the past thirty years. One flaw was the
growth model adopted after 1980 that relied on debt and asset price
inflation to fuel growth instead of wages. A second flaw was the
model of globalization that created an economic gash. Third,
financial deregulation and the house price bubble kept the economy
going by making ever more credit available. As the economy
cannibalized itself by undercutting income distribution and
accumulating debt, it needed larger speculative bubbles to grow.
That process ended when the housing bubble burst. The earlier
post-World War II economic model based on rising middle-class
incomes has been dismantled, while the new neoliberal model has
imploded. Absent a change of policy paradigm, the logical next step
is stagnation. The political challenge we face now is how to
achieve paradigm change.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
You might also like..
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
(3)
