A Steep Decline. America and the New Economic Order after the Global Crisis

Author: Joseph Stiglitz
English.: Freefall: America, Free Markets, and the Sinking of the World Economy
Series: Economics. World Trends.

Publisher: Eksmo, 2011.
Hardcover, 512 pp.
ISBN 978-5-699-47785-2
Circulation: 4000 copies.
Format: 70×100/16 (~167×236 mm)

FROM THE AUTHORS OF THE BOOK ABOUT THE 2008 FINANCIAL CRISIS

How did the world's largest economy find itself in free fall? What political actions and events in 2008 caused such a serious economic downturn?

Nobel laureate in economics Joseph Stiglitz reveals to readers the background to the recent financial crisisThe book, with his usual straightforwardness, names the main culprits and describes the secret schemes and driving mechanisms of the economic catastrophe. The book contains a full and objective analysis of the post-crisis situation, the global changes that took place, including the change of economic roles, the weakening of the former and the strengthening of the new leaders, especially China. Special attention should be given to the author's professional evaluation of the current efforts of the U.S. and other governments aimed at economic recovery, including an assessment of the effectiveness of stimulus packages. Going beyond a statement and analysis of the facts, Joseph Stiglitz also provides specific recommendations to prevent future economic disasters.

For readers interested in finance and economics.