When the Money Runs Out: The End of Western Affluence : The End of Western Affluence

Stephen D. King

ISBN 10: 0300205236 / ISBN 13: 9780300205237

Edité par Yale University Press, 2014

A propos de cet article

Neu neuware, importqualität, auf lager - 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.

N° de réf. du vendeur INF1000425029

Détails bibliographiques

• Titre: When the Money Runs Out: The End of Western Affluence : The End of Western Affluence
• Éditeur: Yale University Press
• Date de parution: 2014
• Langue: anglais
• ISBN à 10 chiffres: 0300205236
• ISBN à 13 chiffres: 9780300205237
• Reliure: Taschenbuch
• État de l'article: Neu
• Dimensions: 199 L x 131 H x 23 P (en millimètres) 199 millimètres de largeur par 131 millimètres de hauteur par 23 millimètres de profondeur
• Poids: 328 grammes

A propos de ce titre

Synopsis

An esteemed economist warns that Western societies’ economic expectations for the future are about to collide with reality

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 a 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 achievable only 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.

À propos de l?auteur

Stephen D. King is Group Chief Economist and Global Head of Economics and Asset Allocation research at HSBC. He lives in London.