The Age of Stagnation

The Age of Stagnation
Author :
Publisher : Prometheus Books
Total Pages : 350
Release :
ISBN-10 : 9781633881587
ISBN-13 : 163388158X
Rating : 4/5 (58X Downloads)

Book Synopsis The Age of Stagnation by : Satyajit Das

Download or read book The Age of Stagnation written by Satyajit Das and published by Prometheus Books. This book was released on 2016 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


The Age of Stagnation Related Books

The Age of Stagnation
Language: en
Pages: 350
Authors: Satyajit Das
Categories: Business & Economics
Type: BOOK - Published: 2016 - Publisher: Prometheus Books

DOWNLOAD EBOOK

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 a
The Great Stagnation
Language: en
Pages: 98
Authors: Tyler Cowen
Categories: Business & Economics
Type: BOOK - Published: 2011-01-25 - Publisher: Penguin

DOWNLOAD EBOOK

Tyler Cowen’s controversial New York Times bestseller—the book heard round the world that ignited a firestorm of debate and redefined the nature of America�
Average Is Over
Language: en
Pages: 263
Authors: Tyler Cowen
Categories: Business & Economics
Type: BOOK - Published: 2013-09-12 - Publisher: Penguin

DOWNLOAD EBOOK

Renowned economist and author of Big Business Tyler Cowen brings a groundbreaking analysis of capitalism, the job market, and the growing gap between the one pe
The Only Game in Town
Language: en
Pages: 338
Authors: Mohamed A. El-Erian
Categories: Business & Economics
Type: BOOK - Published: 2016-01-26 - Publisher: Random House

DOWNLOAD EBOOK

NEW YORK TIMES BESTSELLER • A roadmap to what lies ahead and the decisions we must make now to stave off the next global economic and financial crisis, from o
The Age of Oversupply
Language: en
Pages: 302
Authors: Daniel Alpert
Categories: Business & Economics
Type: BOOK - Published: 2014-08-26 - Publisher: Penguin

DOWNLOAD EBOOK

Governments and central banks across the developed world have tried every policy tool imaginable, yet our economies remain sluggish or worse. How did we get her