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The age of stagnation: why perpetual growth is unattainable and the global economy is in peril

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"The global economy is entering an era of protracted stagnation, similar to what Japan has experienced for over a decade. That is the message of this brilliant and controversial summary of our current economic predicament from an internationally respected consultant and commentator on financial markets, who predicted the Global Financial Crisis of 2008. The author challenges the assumption that growth can be perpetual and questions the ability of political leaders to enact the tough structural changes needed. He is particularly critical of the "easy money" approach to dealing with the great recession of 2008, citing the dangers of excessive debt and deep-seated fundamental imbalances. The fallout of these poor policies, he argues, will affect not only the business sector, but also the lifestyles and prosperity of average citizens and future generations. The author concludes with a thought experiment illustrating the large-scale changes that will be necessary to restore economic, financial, and social sustainability. This experiment has already been tried in Iceland, which went bankrupt in the wake of the 2008 crisis, and now, after a painful adjustment, is on the road to recovery. Written for the lay reader and peppered with witty anecdotes, this immensely readable book clearly explains the missteps that created the current dilemma, why a recovery has proved elusive, and the difficult remedies that must eventually be applied to ensure a stable future"--

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ISBN:
9781633881587
9781633881594

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Grouping Information

Grouped Work ID05653e71-7144-365a-f427-28e2bcd30a44
Grouping Titleage of stagnation why perpetual growth is unattainable and the global economy is in peril
Grouping Authorsatyajit das
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2024-06-17 02:10:18AM
Last Indexed2024-06-17 02:21:16AM

Solr Fields

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Das, Satyajit
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hoopla digital
author_display
Das, Satyajit
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Carmichael
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Central
display_description
"The global economy is entering an era of protracted stagnation, similar to what Japan has experienced for over a decade. That is the message of this brilliant and controversial summary of our current economic predicament from an internationally respected consultant and commentator on financial markets, who predicted the Global Financial Crisis of 2008. The author challenges the assumption that growth can be perpetual and questions the ability of political leaders to enact the tough structural changes needed. He is particularly critical of the "easy money" approach to dealing with the great recession of 2008, citing the dangers of excessive debt and deep-seated fundamental imbalances. The fallout of these poor policies, he argues, will affect not only the business sector, but also the lifestyles and prosperity of average citizens and future generations. The author concludes with a thought experiment illustrating the large-scale changes that will be necessary to restore economic, financial, and social sustainability. This experiment has already been tried in Iceland, which went bankrupt in the wake of the 2008 crisis, and now, after a painful adjustment, is on the road to recovery. Written for the lay reader and peppered with witty anecdotes, this immensely readable book clearly explains the missteps that created the current dilemma, why a recovery has proved elusive, and the difficult remedies that must eventually be applied to ensure a stable future"--
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Book
eBook
format_category_catalog
Books
eBook
id
05653e71-7144-365a-f427-28e2bcd30a44
isbn
9781633881587
9781633881594
itype_catalog
Adult Book Non-Fiction
last_indexed
2024-06-17T09:21:16.035Z
lexile_score
-1
literary_form
Non Fiction
literary_form_full
Non Fiction
local_callnumber_catalog
330.9 D229 2016
owning_library_catalog
Sacramento Public Library
owning_location_catalog
Carmichael
Central
primary_isbn
9781633881587
publishDate
2016
2019
publisher
Globe Pequot
Prometheus Books
recordtype
grouped_work
subject_facet
Business
Economic conditions
Economic development
Economic policy
Economics
Electronic books
International law
Stagnation (Economics)
title_display
The age of stagnation : why perpetual growth is unattainable and the global economy is in peril
title_full
The Age of Stagnation : Why Perpetual Growth is Unattainable and the Global Economy is in Peril [electronic resource] / Satyajit Das
The Age of Stagnation Why Perpetual Growth is Unattainable and the Global Economy is in Peril
The age of stagnation : why perpetual growth is unattainable and the global economy is in peril / Satyajit Das
title_short
The age of stagnation
title_sub
why perpetual growth is unattainable and the global economy is in peril
topic_facet
Business
Economic conditions
Economic development
Economic policy
Economics
Electronic books
International law
Nonfiction
Politics
Stagnation (Economics)

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