5/11/2023 0 Comments Freefall by Joseph E. StiglitzIn Freefall, Stiglitz traces the origins of the Great Recession, eschewing easy answers and demolishing the contention that America needs more billion-dollar bailouts and free passes to those “too big to fail,” while also outlining the alternatives and revealing that even now there are choices ahead that can make a difference. Winner of the 2001 Nobel Prize in Economics, Stiglitz is “an insanely great economist, in ways you can’t really appreciate unless you’re deep into the field” (Paul Krugman, New York Times). The crisis has sparked an essential debate about America’s economic missteps, the soundness of this country’s economy, and even the appropriate shape of a capitalist system.įew are more qualified to comment during this turbulent time than Joseph E. Flawed government policy and unscrupulous personal and corporate behavior in the United States created the current financial meltdown, which was exported across the globe with devastating consequences. The Great Recession, as it has come to be called, has impacted more people worldwide than any crisis since the Great Depression. Norton & Company, January 2010Īn incisive look at the global economic crisis, our flawed response, and the implications for the world’s future prosperity.
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