Freefall Stiglitz; Joseph E. Stiglitz

Freefall

Author: Stiglitz and Joseph E. Stiglitz

Publisher: W. W. Norton & Company, Incorporated

Publication Date: 04 October, 2010

ISBN: 9780393077070

Pages: 320

Subjects: Political science, Business

Available as: Trade Cloth, 978-0-393-07596-0 Trade Paper, 978-0-393-33895-9 E-Book - Open Ebook, 978-0-393-07707-0

Description:

The current global financial crisis carries a Smade-in-America label. In this forthright and incisive book, Nobel Laureate Joseph E. Stiglitz explains how America exported bad economics, bad policies, and bad behavior to the rest of the world, only to cobble together a haphazard and ineffective response when the markets finally seized up. Drawing on his academic expertise, his years spent shaping policy in the Clinton administration and at the World Bank, and his more recent role as head of a UN commission charged with reforming the global financial system, Stiglitz outlines a way forward building on ideas that he has championed his entire career: restoring the balance between markets and government, addressing the inequalities of the global financial system, and demanding more good ideas (and less ideology) from economists.

Freefall is an instant classic, combining an enthralling whodunit account of the current crisis with a bracing discussion of the broader economic issues at stake.

PW Publishers Weekly

Review Source: Publishers Weekly

Review Date: 2010-03-29

Dick Hill gives just the everyman kind of reading to make Nobel Prize-winning economist Stiglitz's analysis of the financial collapse plainly comprehensible and a ripping good-if enraging-yarn. With harsh words for the right and the left, Reagan-era deregulations that set the stage for the catastrophe, the Fed's bungling, the high costs of the Iraq War, and President Obama's refusal to take stronger measures, Stiglitz is passionate and iconoclastic. Hill handles the financial intricacies with clarity and delivers the material with warmth, urgency, and erudition. A Norton hardcover. (Feb.) (c) Copyright PWxyz, LLC. All rights reserved