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The Decline and Fall of the U.S. Economy: How Liberals and Conservatives Both Got It Wrong - Couverture rigide

Wallace, William M.

 
9780313383793: The Decline and Fall of the U.S. Economy: How Liberals and Conservatives Both Got It Wrong
Couverture rigide
ISBN 10 : 0313383790 ISBN 13 : 9780313383793
Editeur : Praeger Publishers Inc, 2010

Synopsis

This highly original book puts the crash of 2008 into a broad perspective by digging deeply into the misguided theories behind the policies that allowed it to happen.
Who was responsible for the 2008 crash? The Decline and Fall of the U.S. Economy: How Liberals and Conservatives Both Got It Wrong makes it clear that both parties were at faul ― and explains how and why. This broad and far-reaching book is the first to analyze the crash from the perspective of evolution, or punctuated equilibrium." As it explains, the punctuated boom brings on change, the bust leads back to a tightly constrained equilibrium. Both conditions pose risks and both ― as William McDonald Wallace argues ― can be managed to reduce the odds that economic imbalances will arise.

Focusing on the policies that created bubbles in housing, stocks, and more, Wallace pinpoints historical events that gave rise to unrealistic theories and ideologies, showing how they, in turn, gave rise to policies that led to collapse. He explains how Darwin's now-discredited theory of "uniformitarianism" (evolution as a continuous, smooth process) led economists to ignore how evolution actually influences economies and economic behavior, and he shows what we can do so it doesn't happen again."

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À propos de l'auteur

William McDonald Wallace served as a management and economic consultant, mostly overseas, for 10 years; was chief economist for commercial airplanes for Boeing for 20 years until retiring in 1992; and taught economics and business at Saint Martin's University, Lacey, WA, until retiring in 2008.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Praeger Publishers Inc
Date d'édition
2010
Langue
anglais
ISBN 10 
0313383790
ISBN 13 
9780313383793
Reliure
Relié
Numéro d'édition
1
Nombre de pages
160
Coordonnées du fabricant
non disponible
Personne responsable
GPSR Kontakt
gpsr@libri.de

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