Freefall

Free Markets and the Sinking of the Global Economy

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  • 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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