• Freefall: Free Markets and the Sinking of the Global Economy See large image

    Freefall: Free Markets and the Sinking of the Global Economy (Hardback) By (author) Joseph Stiglitz


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    DescriptionThis devastating and inspiring book, by one of the world's leading economic thinkers, lays out not only the course of the financial crisis which began in 2007, but its underlying causes, and shows why much more radical reforms are needed than are currently being contemplated if we are to avoid similar 'systemic' crises in the future. It shows why the bailout has been only marginally effective and how it could have been much more so, and outlines the enormous opportunity - not yet taken - to design a new global financial architecture. It is highly critical of many of the actions not only of George Bush's administration, but also of Barack Obama's. It shows why the bulk of the cost of recovery should be borne by those in the financial sector - not just for reasons of natural justice, but for compelling economic reasons also. More than any of this, it reminds readers to think constantly about what economies are for, and the human purposes they serve. "Freefall" is an instant classic, combining an enthralling whodunit account of the current crisis with a bracing discussion of the broader economic issues at stake.

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  • Full bibliographic data for Freefall

    Free Markets and the Sinking of the Global Economy
    Authors and contributors
    By (author) Joseph Stiglitz
    Physical properties
    Format: Hardback
    Number of pages: 400
    Width: 162 mm
    Height: 240 mm
    Thickness: 36 mm
    Weight: 665 g
    ISBN 13: 9781846142796
    ISBN 10: 1846142792

    Warengruppen-Systematik des deutschen Buchhandels: 17820
    BIC E4L: ECO
    Nielsen BookScan Product Class 3: S4.4T
    BIC subject category V2: KCL
    BISAC V2.8: BUS022000, BUS027000
    DC22: 337
    Penguin Books Ltd
    Imprint name
    Publication date
    28 January 2010
    Publication City/Country
    Author Information
    Joseph Stiglitz was Chief Economist at the World Bank until January 2000. He is currently University Professor of the Columbia Business School and Chair of the Management Board and Director of Graduate Summer Programs, Brooks World Poverty Institute, University of Manchester. He won the Nobel Prize for Economics in 2001 and is the author of the best-selling Globalization and Its Discontents, The Roaring Nineties, and Making Globalization Work, all published by Penguin.
    Review quote
    Freefall is a spirited attack on Wall Street, the free market and the Washington consensus.--David Smith