When the Money Runs Out: The End of Western Affluence - Couverture souple

King, Stephen D.

Couverture souple

ISBN 10 : 030023693X ISBN 13 : 9780300236934

Editeur : Yale University Press, 2018

Synopsis

The 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.

A propos du livre

À propos de l?auteur

Stephen D. King is Senior Economic Adviser at HSBC. He has also been a specialist adviser to the House of Commons Treasury Committee. He lives in London.

Détails de l'édition

• Éditeur: Yale University Press
• Date d'édition: 2018
• Langue: anglais
• ISBN 10: 030023693X
• ISBN 13: 9780300236934
• Reliure: Broché
• Nombre de pages: 304
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible