000			03278nam a2200337 i 4500
005			20260112063325.0
010			_a2014-012308
020			_a9781476777702
039			_a202504231501 _bstaff _c202111101650 _d staff _c201607081618 _d staff _c201601061201 _d staff _y 201601061058 _z staff
043			_ae------ _an-us---
050			_aHB3717 2008 _b.G337 2014
082			_a330.90511 _bGAL [ Shelf 3 ]
100			_aGalbraith, James K.
245			_aThe end of normal : _bthe great crisis and the future of growth / _cJames K. Galbraith.
250			_aFirst Simon & Schuster hardcover edition.
260			_aNew York : _bSimon & Schuster, _c2014.
300			_ax, 291 pages ; _c24 cm
504			_aIncludes bibliographical references (pages 267-276) and index.
520			_a"The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe--and a stale argument between two false solutions, "austerity" on one side and "stimulus" on the other. Both sides and practically all analyses of the crisis so far take for granted that the economic growth from the early 1950s until 2000--interrupted only by the troubled 1970s--represented a normal performance. From this perspective the crisis was an interruption, caused by bad policy or bad people, and full recovery is to be expected if the cause is corrected. The End of Normal challenges this view. Placing the crisis in perspective, Galbraith argues that the 1970s already ended the age of easy growth. The 1980s and 1990s saw only uneven growth, with rising inequality within and between countries. And the 2000s saw the end even of that--despite frantic efforts to keep growth going with tax cuts, war spending, and financial deregulation. When the crisis finally came, stimulus and automatic stabilization were able to place a floor under economic collapse. But they are not able to bring about a return to high growth and full employment. Today, four factors impede a return to normal. They are the rising costs of real resources, the now-evident futility of military power, the labor-saving consequences of the digital revolution, and the breakdown of law and ethics in the financial sector. The Great Crisis should be seen as a turning point, a barometer of the rise of unstable economic conditions, which should be regarded as the new normal. Policies and institutions going forward should be designed, above all, modestly, to cope with this fact, maintaining conditions for a good life in difficult times"-- _cProvided by publisher.
650			_aGlobal Financial Crisis, 2008-2009.
650			_aBUSINESS & ECONOMICS / Economic History. _2 bisacsh
650			_aBUSINESS & ECONOMICS / Economic Conditions. _2 bisacsh
650			_aPOLITICAL SCIENCE / Public Policy / Economic Policy. _2 bisacsh
651			_aEurope _x Economic conditions _y 20th century.
651			_aEurope _x Economic policy _y 20th century.
651			_aUnited States _x Economic conditions _y 20th century.
651			_aUnited States Economic policy _y 20th century.
991			_aVIRTUA40
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909			_a5541
999			_c4999 _d4999