Beschreibung The Age of Stagnation: Why Perpetual Growth is Unattainable and the Global Economy is in Peril. 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: Why Perpetual Growth is ~ 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 Age of Stagnation: Why Perpetual Growth is ~ The Age of Stagnation: Why Perpetual Growth is Unattainable and the Global Economy is in Peril (English Edition) eBook: Das, Satyajit: : Kindle-Shop
The Age of Stagnation: Why Perpetual Growth Is ~ The Age of Stagnation: Why Perpetual Growth Is Unattainable and the Global Economy Is in Peril Satyajit Das In this book, Das challenges the assumption that growth can be perpetual and questions the ability of political leaders to enact the tough structural changes needed.
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The Age of Stagnation: Why Perpetual Growth is ~ âThe Age of Stagnation is an elegant and informative discussion of the economic and social factors that have led us to the ânew normalââa state of low growth, soaring debt, and rising political tensions. Even if you disagree with the authorâs dystopian vision of the future of the global economy, this important book challenges the false narrative in the media and in political circles .
The Age of Stagnation: Why Perpetual Growth Is ~ The Age of Stagnation: Why Perpetual Growth Is Unattainable and the Global Economy Is in Peril Satyajit Das. Prometheus Books, $25 (338p) ISBN 978-1-63388-158-7 . Buy this book. Das, selected by .
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Das, Satyajit. The age of stagnation: why perpetual growth ~ The age of stagnation: why perpetual growth is unattainable and the global economy is in peril. Prometheus Books, 2016. 335p bibl index ISBN 9781633881587, $25.00; ISBN 9781633881594 ebook, contact publisher for price. Global increases in inequality and declines in growth rates are arguably the two overarching 21st-century economic worriesâand the two subjects that have produced the most .
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