The making of a crisis -- Freefall and its aftermath -- A flawed response -- The mortgage scam -- The Great American Robbery -- Avarice triumps over prudence -- A new capitalist order -- From global recovery to global prosperity -- Reforming economics -- Toward a new society.
Summary:
In this forthright and incisive book, Nobel Laureate Joseph E. Stiglitz explains how America exported bad economics, bad policies, and bad behavior to the rest of the world, only to cobble together a haphazard and ineffective response when the markets finally seized up. Stiglitz then outlines a way to restore the balance between markets and government, address the inequalities of the global financial system, and demand more good ideas (and less ideology) from economists.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.