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Galbraith, James K.
Subjects
Global Financial Crisis, 2008-2009.
Economic history -- 20th century.
Economic history -- 21st century.
Europe -- Economic conditions -- 1945-
Europe -- Economic policy.
United States -- Economic conditions -- 1945-
United States -- Economic policy.
Browse Catalog
by author:
Galbraith, James K.
by title:
The end of normal : ...
by call number:
330.9 G148e
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Galbraith, James K.
Global Financial Crisis, 2008-2009.
Economic history -- 20th century.
Economic history -- 21st century.
Europe -- Economic conditions -- 1945-
Europe -- Economic policy.
United States -- Economic conditions -- 1945-
United States -- Economic policy.
MARC Display
The
end
of
normal
: the
great
crisis
and the
future
of
growth
/ James K. Galbraith.
by
Galbraith, James K.
Simon & Schuster, 2014.
Call #:
330.9 G148e
Subjects
Global Financial
Crisis
, 2008-2009.
Economic history -- 20th century.
Economic history -- 21st century.
Europe -- Economic conditions -- 1945-
Europe -- Economic policy.
United States -- Economic conditions -- 1945-
United States -- Economic policy.
ISBN:
9781451644920
Edition:
First Simon & Schuster hardcover edition.
Description:
x, 291 p. ; 24 cm
Summary:
"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 economic
growth
from the early 1950s until 2000--interrupted only by the troubled 1970s--represented a
normal
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
Normal
challenges 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 economic collapse. But they are not able to bring about a return to high
growth
and full employment. Today, four factors impede a return to
normal
. They are the rising costs of real resources, the now-evident futility of military power, the labor-saving consequences of the digital revolution, and the breakdown of law and ethics in the financial sector. The
Great
Crisis
should be seen as a turning point, a barometer ofthe rise of unstable economic conditions, which should be regarded as the new
normal
. Policies and institutions going forward should be designed, above all, modestly, to cope with this fact, maintaining conditions for a good life in difficult times."--From publisher.
Holds:
0
Copy/Holding information
Location
Collection
Call No.
Item type
Status
Central Library
Adult Nonfiction
330.9 G148e
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