End of Normal

Name: End of Normal
Brand: Harper Collins Publishers
SKU: 9781451644937
Price: 69.35 RON
Availability: InStock

The Great Crisis and the Future of Growth

Autor: James K. Galbraith

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Editura: Harper Collins Publishers

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From one of the most respected economic thinkers and writers of our time, a brilliant argument about...

Informații despre carte

Autor

James K. Galbraith

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

2015

Pagini

304

EAN

9781451644937

ISBN

1451644930

Enbook ID

09293754

Editura

Harper Collins Publishers

Greutate

272

Dimensiuni

140 x 215 x 20

Descriere completă

From one of the most respected economic thinkers and writers of our time, a brilliant argument about the history and future of economic growth.§§The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe - and a stale argument between two false solutions, "austerity" on one side and "stimulus" on the other. Both sides and practically all analyses of the crisis so far take for granted that the economic growth from the early 1950s until 2000 - interrupted only by the troubled 1970s - represented a normal performance. From this perspective, the crisis was an interruption, caused by bad policy or bad people, and full recovery is to be expected if the cause is corrected.§§The End of Normal challenges this view. Placing the crisis in perspective, Galbraith argues that the 1970s already ended the age of easy growth. The 1980s and 1990s saw only uneven growth, with rising inequality within and between countries. And the 2000s saw the end even of that - despite frantic efforts to keep growth going with tax cuts, war spending, and financial deregulation. When the crisis finally came, stimulus and automatic stabilization were able to place a floor under economic collapse. But they are not able to bring about a return to high growth and full employment. In The End of Normal , "Galbraith puts his pessimism into an engaging, plausible frame. His contentions deserve the attention of all economists and serious financial minds across the political spectrum" ( Publishers Weekly , starred review).

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End of Normal

The Great Crisis and the Future of Growth

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