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- DescriptionFrom one of the most respected ecomic thinkers and writers of our time, a brilliant argument about the history and future of ecomic growth. The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe and a stale argument between two false solutions, austerity on one side and stimulus on the other. Both sides and practically all analyses of the crisis so far take for granted that the ecomic growth from the early 1950s until 2000 interrupted only by the troubled 1970s-represented a rmal performance. From this perspective, the crisis was an interruption, caused by bad policy or bad people, and full recovery is to be expected if the cause is corrected. The End of Normalchallenges this view. Placing the crisis in perspective, Galbraith argues that the 1970s already ended the age of easy growth. The 1980s and 1990s saw only uneven growth, with rising inequality within and between countries. And the 2000s saw the end even of that, despite frantic efforts to keep growth going with tax cuts, war spending and financial deregulation. When the crisis finally came, stimulus and automatic stabilization were able to place a floor under ecomic collapse. But they are t able to bring about a return to high growth and full employment. In The End of Normal, Galbraith puts his pessimism into an engaging, plausible frame. His contentions deserve the attention of all ecomists and serious financial minds across the political spectrum (Publishers Weekly).
- Author BiographyJames K. Galbraith holds the Lloyd M. Bentsen Jr. Chair in Government/Business Relations at the Lyndon B. Johnson School of Public Affairs at the University of Texas at Austin. He lives in Austin, Texas. The End of Normal is his first book.
- Author(s)James Kenneth Galbraith
- PublisherSimon & Schuster
- Date of Publication05/11/2015
- SubjectEconomics: Professional & General
- Place of PublicationNew York
- Country of PublicationUnited States
- ImprintSimon & Schuster
- Weight259 g
- Width139 mm
- Height212 mm
- Spine20 mm
- Format DetailsTrade paperback (US)
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