Paul Krugman

The Age of Diminished Expectations: U. S. Economic Policy in the 1990s

Издательство: The MIT Press, 1997 г.
0262611341
Книгопечатная продукция
Объем: 244 стр.

The Age of Diminished Expectations is a remarkable achievement, a quick read that tells you much of what there is to know about the great economic issues of the day. - Peter Passell, New York Times Book Review

Paul Krugmans popular guide to the economic landscape of the 1990s has been revised and updated to take into account economic developments of the past three years. New material in the third edition includes: A new chapter-complete with colorful examples from Lloyds of London andSumitomo Metals-on how risky behavior can lead to disaster in private markets.

An evaluation of the Federal Reserves role in reining in economic growth to prevent inflation, and the debate over whether its growth targets are too low.

A look at the collapse of the Mexican peso and the burst of Japans bubble economy.

A revised discussion of the federal budget deficit, including the growing concern that Social Security and Medicare payments to retiring baby boomers will threaten the solvency ofthe government. Finally, in the updated concluding section, the author provides three possible scenarios for the American economy over the next decade. He warns that we live in an age of diminished expectations, in which the voting public is willing to settle for policy drift-but with the first of the baby boomers turning 65 in 2011, the U.S. economy will not be able to drift indefinitely.

Посмотрите также...

Currencies and Crises

Paul Krugman`s first collection of essays, Rethinking International Trade, mounted a spirited assault on established trade theory and proposed an alternative approach to account for increasing returns and imperfect competition. Less theoretical ......

The Conscience of a Liberal: Reclaiming America From the Right

In "The Conscience of a Liberal" Paul Krugman, one of the US`s most respected economists and outspoken commentators, lays out his vision of a New Deal for a fairer society. After the Second World War it seemed that, in the West, society was ......

The Return of Depression Economics and the Crisis of 2008

What better guide could we have to the 2008 financial crisis and its resolution than the newest Nobel Laureate in Economics, columnist and author Paul Krugman? In a dazzling and prescient polemic, now fully updated from his 1999 classic, ......

Crisis Economics: A Crash Course in the Future of Finance

In this myth-busting book Nouriel Roubini shows that everything we think about economics is wrong. Financial crises are not unpredictable `black swans`, but an inherent part of capitalism. Only by remaking our financial systems to acknowledge ......