The Roaring Nineties: A New History of the World's Most Prosperous Decade
| Author | : | |
| Rating | : | 4.18 (894 Votes) |
| Asin | : | 0393326187 |
| Format Type | : | paperback |
| Number of Pages | : | 448 Pages |
| Publish Date | : | 2014-12-21 |
| Language | : | English |
DESCRIPTION:
These chickens have now come home to roost. Here he turns the same light on the United States.The Roaring Nineties offers not only an insider's illuminating view of policymaking but also a compelling case that even the Clinton administration was too closely tied to the financial communitythat along with enormous economic success in the nineties came the seeds of the destruction visited on the economy at the end of the decade. How one of the greatest economic expansions in history sowed the seeds of its own collapse. With his best-selling Globalization and Its Discontents, Joseph E. The paperback includes a new introduction that reviews the continued failure of the Bush administration's policies, which have taken a bad situation and made it worse.. But at the same time the foundation was laid for the economic problems we face today. Stiglitz showed how a misplaced faith in free-market ideology led to many of the recent problems suffered by the developing nations. This groundbreaking work by the Nobel Prize-winning economist argues that much of what we understood about the 1990s' prosperity is wrong, that the theories that have been used to guide world leaders and anchor key business decisions were fundamentally outdated. Yes, jobs were created, technology prospered, inflation fell, and poverty was reduced. Trapped in a near-ideological commitment to free markets, policymakers permitted accounting standards to slip, carried deregulation fu
The book suggests Federal Reserve chairman Alan Greenspan could have slowed things down, but failed to back up tentative public remarks with firm action. Bush for mishandling the initial stages of the recession, allowing it to spiral dangerously in the name of free markets. Copyright 2003 Reed Business Information, Inc. From Publishers Weekly As an economic adviser to President Clinton and a World Bank official, Nobel Prize winner Stiglitz (Globalization and Its Discontents) had a front-row seat for the financial boom of the 1990s. Financial analysts also withheld frank assessments from investors to maintain their insider status, and the "conflicts of interest gone out of control" inevitably led to disaster. Whatever one thinks of his long-term goal
Provided a unique insiders view of the economics of the Provided a unique insiders view of the economics of the nineties. The nineties were a particularly disastrous decade for the US as a country from a finance and accounting perspective. Also disastrous in terms of earning power and stability for American workers.. Siegfried Sutterlin said worthy of being read but misses major elements. Stiglitz's book is delighful and easy reading. He has a boyish, if not at times a child-like, self-absorbed style which entertains but also becomes too often repetitive. For the general public, it is highly beneficial to become familiarized with the inside story o. Fascinating but difficult for the novice Before Stiglitz won his Nobel Prize, he was on the Council of Economic Advisers during the Clinton administration. The council had a great deal to do with determining Clinton's economic policy, and Stiglitz was in prime position to direct the thinking behind the d