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    When the Money Runs Out: The End of Western Affluence (Paperback) By (author) Stephen D. King

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    DescriptionThe Western world has experienced extraordinary economic progress throughout the last six decades, a prosperous period so extended that continuous economic growth has come to seem normal. But such an era of continuously rising living standards is an historical anomaly, economist Stephen D. King warns, and the current stagnation of Western economies threatens to reach crisis proportions in the not-so-distant future. Praised for the "dose of realism" he provided in his book Losing Control, King follows up in this volume with a plain-spoken assessment of where the West stands today. It's not just the end of an age of affluence, he shows. We have made promises to ourselves that are only achievable through ongoing economic expansion. The future benefits we expect - pensions, healthcare, and social security, for example - may be larger than tomorrow's resources. And if we reach that point, which promises will be broken and who will lose out? The lessons of history offer compelling evidence that political and social upheaval are often born of economic stagnation. King addresses these lessons with a multifaceted plan that involves painful - but necessary - steps toward a stable and just economic future.

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  • Full bibliographic data for When the Money Runs Out

    When the Money Runs Out
    The End of Western Affluence
    Authors and contributors
    By (author) Stephen D. King
    Physical properties
    Format: Paperback
    Number of pages: 304
    Width: 156 mm
    Height: 234 mm
    Thickness: 25 mm
    Weight: 485 g
    ISBN 13: 9780300197952
    ISBN 10: 0300197950

    Warengruppen-Systematik des deutschen Buchhandels: 17430
    BIC E4L: ECO
    Nielsen BookScan Product Class 3: S4.5
    BIC subject category V2: KC
    BISAC V2.8: BUS039000
    BIC subject category V2: KCX
    BISAC V2.8: POL024000, BUS069020, BUS079000
    BIC subject category V2: KCJ
    DC23: 339.091821
    Thema V1.0: KCP, KCB, KCX, KCJ
    Edition statement
    Export ed
    Yale University Press
    Imprint name
    Yale University Press
    Publication date
    01 June 2013
    Publication City/Country
    New Haven
    Author Information
    Stephen D. King is Group Chief Economist and Global Head of Economics and Asset Allocation research at HSBC. He is a member of the UK government's Asia Task Force and writes regularly for the Financial Times and The Times. He lives in London.