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    Freefall: America, Free Markets, and the Sinking of the World Economy (Paperback) By (author) Joseph E. Stiglitz

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    DescriptionThe Great Recession, as it has come to be called, has impacted more people worldwide than any crisis since the Great Depression. 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 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. Few are more qualified to comment during this turbulent time than Joseph E. Stiglitz. 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). In 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. The system is broken, and we can only fix it by examining the underlying theories that have led us into this new bubble capitalism. Ranging across a host of topics that bear on the crisis, Stiglitz argues convincingly for a restoration of the balance between government and markets. America as a nation faces huge challenges in health care, energy, the environment, education, and manufacturing and Stiglitz penetratingly addresses each in light of the newly emerging global economic order. An ongoing war of ideas over the most effective type of capitalist system, as well as a rebalancing of global economic power, is shaping that order. The battle may finally give the lie to theories of a rational market or to the view that America s global economic dominance is inevitable and unassailable. For anyone watching with indignation while a reckless Wall Street destroyed homes, educations, and jobs; while the government took half-steps hoping for a just-enough recovery; and while bankers fell all over themselves claiming not to have seen what was coming, then sought government bailouts while resisting regulation that would make future crises less likely, Freefall offers a clear accounting of why so many Americans feel disillusioned today and how we can realize a prosperous economy and a moral society for the future."


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  • Full bibliographic data for Freefall

    Title
    Freefall
    Subtitle
    America, Free Markets, and the Sinking of the World Economy
    Authors and contributors
    By (author) Joseph E. Stiglitz
    Physical properties
    Format: Paperback
    Number of pages: 480
    Width: 140 mm
    Height: 203 mm
    Thickness: 30 mm
    Weight: 386 g
    Language
    English
    ISBN
    ISBN 13: 9780393338959
    ISBN 10: 0393338959
    Classifications

    B&T Merchandise Category: GEN
    B&T Book Type: NF
    BIC E4L: ECO
    Nielsen BookScan Product Class 3: S4.5
    B&T Modifier: Region of Publication: 01
    B&T Modifier: Academic Level: 05
    B&T General Subject: 180
    Ingram Subject Code: BE
    DC22: 330.9
    BIC subject category V2: KCX
    BISAC V2.8: BUS022000
    DC22: 330.973
    Warengruppen-Systematik des deutschen Buchhandels: 17830
    BISAC V2.8: BUS027000
    B&T Approval Code: A45560000
    BISAC V2.8: BUS069020
    LC subject heading:
    B&T Approval Code: A48300000
    LC subject heading: , , , , , ,
    LC classification: HB3722 .S842 2010B
    DC22: 330.97309051
    Thema V1.0: KFF, RGCM, KCV
    Edition statement
    Reprint
    Publisher
    WW Norton & Co
    Imprint name
    WW Norton & Co
    Publication date
    01 November 2010
    Publication City/Country
    New York
    Review quote
    This is the best book so far on the financial crisis. Joseph Stiglitz . . . is knowledgeable about the historical background, immersed in the policy debate and a pioneer of the economic theories needed to understand the origins of the problems. "