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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: 128 mm
    Height: 198 mm
    Thickness: 26 mm
    Weight: 322 g
    ISBN 13: 9780300205237
    ISBN 10: 0300205236

    Warengruppen-Systematik des deutschen Buchhandels: 27820
    B&T Book Type: NF
    BIC E4L: ECO
    Nielsen BookScan Product Class 3: S4.5
    BISAC Merchandising Theme: ET030
    Ingram Theme: CULT/BRITIS
    B&T Modifier: Region of Publication: 01
    B&T Modifier: Academic Level: 05
    B&T Modifier: Subject Development: 10
    Ingram Theme: CHRN/20CNTY
    B&T General Subject: 180
    Libri: I-PL
    Ingram Subject Code: PL
    BISAC V2.8: BUS039000
    BIC subject category V2: KCX
    Ingram Theme: CHRN/21CNTY
    BISAC V2.8: POL024000, BUS069020
    B&T Merchandise Category: UP
    B&T Approval Code: A45600000
    BISAC V2.8: BUS079000
    BIC subject category V2: KCJ
    BIC geographical qualifier V2: 1QFH
    B&T Approval Code: A49010200
    BIC subject category V2: KCG, 1QFH
    LC subject heading: ,
    DC22: 339.20941
    DC23: 338.90091821
    LC subject heading:
    LC classification: HC260.W4 K56 2014
    Thema V1.0: KCB, KCX, KCG, KCJ
    Edition statement
    Yale University Press
    Imprint name
    Yale University Press
    Publication date
    29 April 2014
    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.
    Review quote
    "'For many, the financial crisis is a temporary interruption in the rise of western prosperity that is due to easily remedied policy mistakes. The Keynesians believe this, as do anti-Keynesians on the free-market right. King argues, instead, that the future is not what it used to be. We have made promises to ourselves we cannot afford to keep. The argument is important.' (Martin Wolf, Financial Times) 'Well-written, thoughtful and highly convincing... King's clear-eyed assessment of the problems ahead makes the book essential reading.' (The Economist) 'The conclusions are clear and compelling... The book should appeal to a wider audience than economists. The author is a newspaper columnist as well as a professional economist, and it shows in the crisp and easy style of his prose. I recommend it heartily.' (Erik Britton, Management Today) 'an interesting and well-written book' (Paul Ormerod, City AM) 'The book is jammed full of history and is highly readable - being rich in the economic history that he argues was lacking in pre-crisis economic analysis. It is accompanied by some wonderful anecdotes and provides a good mix of economics and politics in addition to its historical detail.' (George Buckley, Financial World) 'Overall, as Charles Moore notes in The Daily Telegraph, 'it's alarmingly difficult to disagree' with this book.' (Matthew Partridge, Money Week)"