Freefall
Free Markets and the Sinking of the Global Economy
Joseph E. Stiglitz
- 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
- goes
- to
- the
- heart
- of
- how
- we
- run
- our
- societies.When
- the
- world
- economy
- went
- into
- freefall,
- so
- too
- did
- our
- unquestioning
- faith
- in
- markets.
- But
- what
- happens
- now?
- Are
- bailouts
- and
- stern
- lectures
- enough,
- or
- do
- we
- need
- a
- rethink
- of
- our
- entire
- financial
- system?This
- acclaimed
- and
- inspiring
- book,
- by
- one
- of
- the
- world's
- leading
- economic
- thinkers,
- dissects
- the
- flawed
- ideas
- that
- led
- to
- the
- credit
- crunch,
- but
- also
- looks
- to
- the
- future.
- Drawing
- on
- his
- years
- spent
- shaping
- policy
- at
- the
- World
- Bank,
- Nobel
- Laureate
- Joseph
- Stiglitz
- shows
- why
- far
- more
- radical
- reforms
- are
- needed
- to
- avoid
- future
- crises,
- why
- the
- cost
- of
- recovery
- should
- be
- borne
- by
- the
- financial
- sector,
- and
- how
- we
- now
- have
- the
- opportunity
- to
- create
- a
- new
- global
- economic
- order.'Bang
- on
- the
- money
- ...
- unafraid
- to
- ask
- tough
- questions
- ...
- we
- need
- more
- of
- his
- ilk'
- Will
- Hutton,
- Observer'A
- brilliant
- analysis
- ...
- always
- enthralling'
- Martin
- Jacomb,
- Spectator
- Business'A
- powerful
- new
- book'
- Devin
- Leonard,
- The
- New
- York
- Times'A
- seer
- of
- almost
- Keynesian
- proportions
- ...
- this
- is
- Joe
- Stiglitz's
- victory
- lap'
- Michael
- Hirsh,
- NewsweekJoseph
- Stiglitz
- was
- Chief
- Economist
- at
- the
- World
- Bank
- until
- January
- 2000.
- He
- is
- currently
- University
- Professor
- of
- the
- Columbia
- Business
- School
- and
- Chair
- of
- the
- Management
- Board
- and
- Director
- of
- Graduate
- Summer
- Programs,
- Brooks
- World
- Poverty
- Institute,
- University
- of
- Manchester.
- He
- won
- the
- Nobel
- Prize
- for
- Economics
- in
- 2001
- and
- is
- the
- author
- of
- the
- best-selling
- Globalization
- and
- Its
- Discontents,
- Making
- Globalization
- Work,
- The
- Roaring
- Nineties
- and
- The
- Price
- of
- Inequality,
- all
- published
- by Penguin.
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