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

Autor: Galbraith, James K.

Editorial: Simon and Schuster

Formato:Tapa Suave
Precio de Lista:$16.00
Nuestro Precio:$4.29 (73% Descuento) USD
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Resumen:

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.


Categoría   Sub-Categoría
Negocios y Economia   Economic Conditions

ISBN 13:9781451644937
ISBN 10:1451644930
Formato:Tapa Suave
Idioma:Inglés
Páginas:291
Tamaño:8.43" l x 5.44" w x 0.77" h
Edades:
Grado:

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