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From financial crisis to stagnation : the destruction of shared prosperity and the role of economics /
"The U.S. 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...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
New York :
Cambridge University Press,
2012.
|
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Palley, Thomas I., |d 1956- |e author. | |
| 245 | 1 | 0 | |a From financial crisis to stagnation : |b the destruction of shared prosperity and the role of economics / |c Thomas I. Palley. |
| 260 | |a New York : |b Cambridge University Press, |c 2012. | ||
| 300 | |a 1 online resource (xvii, 238 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
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| 520 | |a "The U.S. 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"--Provided by publisher. | ||
| 504 | |a Includes bibliographical references and index. | ||
| 505 | 0 | |a Goodbye financial crash, hello stagnation -- The tragedy of bad ideas -- Overview: three perspectives on the crisis -- America's exhausted paradigm: macroeconomic causes of the crisis -- The role of finance -- Myths and fallacies about the crisis: stories about the domestic economy -- Myths and fallacies about the crisis: stories about the international economy -- The coming great stagnation -- Avoiding the great stagnation: rethinking the paradigm -- The challenge of corporate globalization -- Economists and the crisis: the tragedy of bad ideas revisited -- Markets and the common good: time for a great rebalancing. | |
| 588 | 0 | |a Print version record. | |
| 590 | |a eBooks on EBSCOhost |b EBSCO eBook Subscription Academic Collection - Worldwide | ||
| 651 | 0 | |a United States |x Economic conditions |y 2009- | |
| 651 | 0 | |a United States |x Economic policy. | |
| 650 | 0 | |a Recessions |z United States. | |
| 650 | 0 | |a Financial crises |z United States. | |
| 650 | 0 | |a Global Financial Crisis, 2008-2009. | |
| 651 | 6 | |a États-Unis |x Conditions économiques |y 2009- | |
| 651 | 6 | |a États-Unis |x Politique économique. | |
| 650 | 6 | |a Récessions |z États-Unis. | |
| 650 | 6 | |a Crise financière mondiale, 2008-2009. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Economics |x Theory. |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Economic Conditions. |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Economic History. |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Economics |x Comparative. |2 bisacsh | |
| 650 | 7 | |a POLITICAL SCIENCE |x Economic Conditions. |2 bisacsh | |
| 650 | 7 | |a Economic history |2 fast | |
| 650 | 7 | |a Economic policy |2 fast | |
| 650 | 7 | |a Financial crises |2 fast | |
| 650 | 7 | |a Recessions |2 fast | |
| 651 | 7 | |a United States |2 fast | |
| 647 | 7 | |a Global Financial Crisis |d (2008-2009) |2 fast |0 (OCoLC)fst01755654 | |
| 648 | 7 | |a Since 2008 |2 fast | |
| 776 | 0 | 8 | |i Print version: |a Palley, Thomas I., 1956- |t From financial crisis to stagnation. |d New York : Cambridge University Press, 2012 |z 9781107016620 |w (DLC) 2011027047 |w (OCoLC)740886630 |
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