From Financial Crisis to Stagnation: The Destruction of Shared Prosperity and the Role of Economics

Тема в разделе "Иностранная литература", создана пользователем Putinka, 3 фев 2016.

  1. Putinka

    Putinka Антон Федров

    Thomas I. Palley
    From Financial Crisis to Stagnation: The Destruction of Shared Prosperity and the Role of Economics

    [​IMG]

    Издательство: Cambridge University Press
    Жанр: Cambridge University Press

    Качество: Хорошее
    Страниц: 258
    Формат: pdf, fb2, epub

    The US 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. 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 book explains why the economy is now confronted with stagnation rather than the quick recovery predicted by other accounts.
     

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    Outposter Трифон Г.

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    Putinka Антон Федров

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