From Financial Crisis to Stagnation
Author | : Thomas I. Palley |
Publisher | : Cambridge University Press |
Total Pages | : 257 |
Release | : 2013-02-11 |
ISBN-10 | : 9781107612464 |
ISBN-13 | : 1107612462 |
Rating | : 4/5 (64 Downloads) |
Download or read book From Financial Crisis to Stagnation written by Thomas I. Palley and published by Cambridge University Press. This book was released on 2013-02-11 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a novel explanation of the financial crisis and Great Recession that emphasizes the destruction of shared prosperity over the past thirty years. This contrasts with "black swan" styled explanations that emphasize unexpected financial shocks and speculation. The book explains why the economy is now confronted with stagnation rather than the quick recovery predicted by other accounts.