Epic Recession

Epic Recession : Prelude to Global Depression

3.8 (5 ratings by Goodreads)
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The US is still in deep trouble. Banks are sustained by trillions of government dollars, unemployment is approaching 25 million and the long-term future of the economy is in doubt. In Epic Recession, Jack Rasmus shows that we need a new way of understanding the crisis if things are to improve. Rasmus interrogates US economic history to show that the current predicament is what he terms an 'Epic Recession', neither a full-blown depression or a short-lived period of contraction followed by a swift return to growth. He then shows that the only way to prevent the onset of depression is to radically restructure the economy through a massive job creation program, nationalisations, a fundamentally new kind of banking structure and a long-term redistribution of income through better healthcare and benefit systems. Epic Recession provides a rallying point for trade unionists and concerned citizens who want to ensure that any recovery is felt further than Wall street.show more

Product details

  • Hardback | 352 pages
  • 154.94 x 231.14 x 25.4mm | 612.35g
  • London, United Kingdom
  • English
  • 0745329993
  • 9780745329994

About Jack Rasmus

Jack Rasmus is a Professor of Economics at St Marys College and Santa Clara University, both in California. He is a freelance economics journalist and author of Epic Recession: Prelude to Global Depression (Pluto, 2010). He has been a business economist, market analyst and vice-president of the National Writers Union.show more

Review quote

Extensive research, thoughtful analysis and articulate writing have created a great book. Jack Rasmus doesn't just talk about the economic catastrophe of the last two years he identifies the problems, the root causes, and offers sound and insightful solutions. Epic Recesssion should be required reading for anyone who has a responsibility in formulating public policy. -- Chuck Mack, International Vice-President, International Brotherhood of Teamstersshow more

Table of contents

Ch. 1: The Weakest, Most Lopsided Recovery Ch. 2: Obama's 1st Recovery Program (2008) CH. 3: Obama's 2nd Recovery Program (2009) Ch. 4: The 1st Economic Relapse of 2010 CH. 5: Obama's 3rd Recovery Program (2010) Ch. 6: Historical Parallels and Midterm Elections: 2010 vs. 1934/1938 & 1978 Ch. 7: Deficit Cutting on the Way to Double Dip Recession Ch. 8: The 2nd Economic Relapse of 2011 Ch. 9: Obama's 4th Recovery Program (2011) Ch. 10: Alternative Program for Economic Recovery (A concise summary of immediate, intermediate and long term proposals) Appendix A: A Short Note on History and Theoryshow more

Rating details

5 ratings
3.8 out of 5 stars
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