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The End of Normal: The Great Crisis and the Future of Growth

Author: Galbraith, James K.

Publisher: Simon and Schuster

Format:Softcover

Scratch & Dent Copy

List Price:$16.00
Our Price:$2.69 (83% OFF) USD
Stock:2

Overview:

The End of Normal: The Great Crisis and the Future of 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. NOTE: This is a Scratch and Dent book and may have noticeable dents, scratches and various other cosmetic issues as well as torn or missing dust jacket. These items are only guaranteed to be structurally complete and readable and therefore are sold as is.


Category   Subject
Business & Economics   Economic Conditions

ISBN 13:9781451644937
ISBN 10:1451644930
Format:Softcover
Language:English
Pages:291
Size:8.43" l x 5.44" w x 0.77" h
Ages:
Grade Lvl:

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