The age of stagnation: why perpetual growth is unattainable and the global economy is in peril
(Book)
"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"--
Notes
Das, S. (2016). The age of stagnation: why perpetual growth is unattainable and the global economy is in peril. Amherst, NY, Prometheus Books.
Chicago / Turabian - Author Date Citation (style guide)Das, Satyajit. 2016. The Age of Stagnation: Why Perpetual Growth Is Unattainable and the Global Economy Is in Peril. Amherst, NY, Prometheus Books.
Chicago / Turabian - Humanities Citation (style guide)Das, Satyajit, The Age of Stagnation: Why Perpetual Growth Is Unattainable and the Global Economy Is in Peril. Amherst, NY, Prometheus Books, 2016.
MLA Citation (style guide)Das, Satyajit. The Age of Stagnation: Why Perpetual Growth Is Unattainable and the Global Economy Is in Peril. Amherst, NY, Prometheus Books, 2016.
Record Information
Last Sierra Extract Time | Apr 15, 2024 02:00:04 PM |
---|---|
Last File Modification Time | Apr 15, 2024 02:00:38 PM |
Last Grouped Work Modification Time | Apr 17, 2024 02:11:40 AM |
MARC Record
LEADER | 02843cam 2200385 i 4500 | ||
---|---|---|---|
001 | ocn913499831 | ||
003 | OCoLC | ||
005 | 20160208055552.0 | ||
008 | 151116s2016 nyu b 001 0 eng | ||
010 | |a 2015037561 | ||
020 | |a 9781633881587 | ||
020 | |a 163388158X | ||
040 | |a DLC|b eng|e rda|c DLC|d YDXCP|d BTCTA|d BDX|d OCLCO|d OCLCF|d CLE|d OCLCQ | ||
042 | |a pcc | ||
049 | |a JRSA | ||
050 | 0 | 0 | |a HD82|b .D31477 2016 |
082 | 0 | 0 | |a 330.9|2 23 |
099 | |a 330.9 D229 2016 | ||
100 | 1 | |a Das, Satyajit,|e author. | |
245 | 1 | 4 | |a The age of stagnation :|b why perpetual growth is unattainable and the global economy is in peril /|c Satyajit Das. |
264 | 1 | |a Amherst, NY :|b Prometheus Books,|c 2016. | |
300 | |a x, 335 pages ;|c 24 cm | ||
336 | |a text|b txt|2 rdacontent | ||
337 | |a unmediated|b n|2 rdamedia | ||
338 | |a volume|b nc|2 rdacarrier | ||
504 | |a Includes bibliographical references and index. | ||
520 | |a "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"--|c Provided by publisher. | ||
650 | 0 | |a Economic development. | |
650 | 0 | |a Economic policy. | |
650 | 0 | |a Stagnation (Economics) | |
907 | |a .b2407455x | ||
945 | |y .i73412600|i 33029100777655|l cenag|s -|k |u 14|x 1|w 0|v 13|t 3|z 02-18-16|o - | ||
945 | |y .i73412624|i 33029100777671|l nntag|s m|k |u 7|x 0|w 0|v 7|t 3|z 02-18-16|o - | ||
945 | |y .i73412636|i 33029100777689|l carag|s -|k |u 8|x 1|w 0|v 10|t 3|z 02-18-16|o - | ||
998 | |e -|d a |f eng|a car|a cen|a nnt |