The Roaring Nineties: Seeds of Destruction

by Joseph Stiglitz (Author)

• Used

  Hardcover
  2003

  $3.25

  The 1990s promised prosperity for the world: a new era of unprecedented economic growth, with capitalism American-style reigning supreme. So why did it all go wrong? As chairman of Clinton's Council of Economic Advisors and Chief Economist at the World Bank, Joseph Stiglitz was uniquely placed to watch first-hand as the '90s unfolded. This revealing book rewrites the history of the 1990s to show how a misplaced faith in free market ideology created problems that could cost us all dearly. But more than that, it lays out a blueprint for the future. The '90s, Stiglitz concludes, witnessed a misguided attempt to achieve growth on the cheap - and we must learn from our mistakes or pay the price for years to come.

• Used

  Paperback
  2004

  $3.40

  From the author of Globalization and its Discontents , Joseph Stiglitz's The Roaring Nineties: Why We're Paying the Price for the Greediest Decade in History blows the whistle on the devastation wrought by the free market mania of the nineties. This is the explosive story of how capitalism US-style got its comeuppance: how excessive deregulation, government pandering to big business and exorbitant CEO salaries all fed the bubble that burst so dramatically amid corporate scandal and anti-globalization protest. As chief economic advisor to the president at the time, Stiglitz exposes the inside of what went wrong, but also reveals how Bush's administration is now making things worse - much worse - for the economy, the US and the rest of the world. Stiglitz takes us one step further, showing how a more balanced approach to the market and government can lead not only to a better economy, but a better society. A searing critique of Dubyanomics ...the nobel laureate who took on the IMF is now turning his guns on the American president. Stiglitz knows when to pick a fight . ( Observer ). One of the most important economic and political thinkers of our time . ( Independent on Sunday ). Stiglitz has become a hero to the anti-globalization movement . ( Economist ). An iconic figure...Stiglitz's book will encourage those who wish to halt the partial Americanization that has already taken place in Europe . ( Daily Telegraph ). Joseph 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 , Freefall and The Price of Inequality , all published by Penguin.