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Indlæser... Freefall: America, Free Markets, And the Sinking of the World Economyaf Joseph E. Stiglitz
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Bliv medlem af LibraryThing for at finde ud af, om du vil kunne lide denne bog. Der er ingen diskussionstråde på Snak om denne bog. Stiglitz is an amazing great writer for an economist. His explanations are clear and succinct. Subject matter depressing. ( ) So glad I finally took the time to read this book. It is a clear and concise look at the current economic disaster as well as what forces caused it and what we should have done to make the aftershocks of the big crash less devastating. Really fascinating and sadly apt stuff. I wish I went to the university he teaches at; I can tell that Stiglitz is probably one of those lecturers that demands rapt attention and for good reason. This review was written for LibraryThing Early Reviewers. A great look at the issues contributing to the recent financial crises and how we are all going to be affected moving forward. I found it interesting and thought provoking, pretty much exactly what you'd expect from a Nobel Prize winning author.
Mr. Stiglitz argues that so-called too-big-to-fail banks like Citigroup are exactly that: too big. He says that they should be broken up, and that the government should regulate derivatives and discourage mortgage securitization. What’s more, he says, Americans need to get over the idea that higher taxes and more government involvement in the economy are a recipe for disaster. He points to Sweden as an example of a country that has a thriving economy but still provides its citizens with extensive social services. THESE may all be worthy ideas. But at times, Mr. Stiglitz’s call for a new economic order seems a bit fanciful. Can you imagine President Obama going before the American people and telling them they need to emulate Sweden? Imagine the fun Glenn Beck would have with that. Some of the suggestions that Mr. Stiglitz makes in these pages for reconfiguring the American economy (and American society) stray far from the realm of practical policy recommendations that actually have a chance of winning broad public support or being enacted by Congress. He writes about how a “redistribution of income” and more progressive taxation might help stabilize the economy and calls for a new global reserve system. He contrasts Bhutan’s concept of G.N.H. (“gross national happiness”) with America’s focus on G.D.P. and talks about the “moral deficit” that Americans’ “unrelenting pursuit of profits” and self-interest have created. Such remarks not only give ammunition to conservative critics who want to dismiss Mr. Stiglitz as a European-style liberal, but they also have the unfortunate effect of diverting the reader’s attention from the many shrewd assessments that he makes in “Freefall” about the causes and consequences of the great financial meltdown of 2008. Nobelist explains how America screwed up the world economy -- and how we can fix it. Distinctions
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. No library descriptions found. |
LibraryThing Early Reviewers AlumJoseph E. Stiglitz's book Freefall was available from LibraryThing Early Reviewers. Current DiscussionsIngenPopulære omslag
Google Books — Indlæser... GenrerMelvil Decimal System (DDC)330.973Social sciences Economics Economics Economic geography and history North America United StatesLC-klassificeringVurderingGennemsnit:
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