Out of the crisis of our times, Joseph Stiglitz’s Freefall: Free Markets and the Sinking of the Global Economy is a convincing, coherent and. Out of the crisis of our times, Joseph Stiglitz’s Freefall: Free Markets and the Sinking of the Global Economy is a convincing, coherent and humane account that. 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 .
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The New Vreefall Times bestseller: The Great Recession, as it has come to be called, has impacted more people worldwide than any crisis since the Great Depression. Flawed government policy and unscrupulous personal and corporate behavior in the United States created the current financial meltdown, which was exported across the globe with devastating consequences.
Freefall: America, Free Markets, and the Sinking of the World Economy by Joseph E. Stiglitz
Few are more qualified to comment during this turbulent time than Joseph E. America as a nation faces huge challenges—in health care, energy, the environment, education, and manufacturing—and Stiglitz penetratingly addresses each in light of the newly emerging global economic order.
An ongoing war of ideas over the most effective type of capitalist system, as well as a rebalancing of global economic power, is shaping that order. Stiglitz uses his experience teaching to give the lay reader a lucid account of how overleveraged banks, a shoddy mortgage industry, predatory lending and unregulated trading contributed to the meltdown, and how, in his opinion, ill-conceived rescue efforts may have halted the freefall but have failed to grapple with more fundamental problems….
His prescience lends credibility to his trenchant analysis of the causes of the fiscal meltdown.
Stiglitz brilliantly analyzes the economic reasons behind the banking collapse, but he goes much further, digging down to the wrongheaded national faith in the power of free markets to regulate themselves and provide wealth for all. Stiglitz has some practical ideas on how to ease the pain of the Great Recession stiblitz maybe help prevent the next one.
An excellent overview from a Nobel prize-winning economist of what caused the crisis and what reforms should be enacted…. I can only hope Obama makes room for it on his nightstand.
Freefall: America, Free Markets, and the Sinking of the World Economy – Wikipedia
There have been other broad-spectrum books on the genesis frsefall dynamics of the collapse, but Freefall is the most comprehensive to date, grounded in both theory and factual detail….
The tone of this book is good-humored and public-minded.
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