Freefall: Free Markets and the Sinking of the Global Economy

by JosephStiglitz (Author), JosephStiglitz (Author)

• Used

  Paperback
  2010

  $11.30

• Used

  Paperback
  2010

  $3.25

  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, Newsweek ). 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 , The Roaring Nineties and The Price of Inequality , all published by Penguin.

• Used

  Hardcover
  2010

  $3.25

  This devastating and inspiring book, by one of the world's leading economic thinkers, lays out not only the course of the financial crisis which began in 2007, but its underlying causes, and shows why much more radical reforms are needed than are currently being contemplated if we are to avoid similar 'systemic' crises in the future. It shows why the bailout has been only marginally effective and how it could have been much more so, and outlines the enormous opportunity - not yet taken - to design a new global financial architecture. It is highly critical of many of the actions not only of George Bush's administration, but also of Barack Obama's. It shows why the bulk of the cost of recovery should be borne by those in the financial sector - not just for reasons of natural justice, but for compelling economic reasons also. More than any of this, it reminds readers to think constantly about what economies are for, and the human purposes they serve. Freefall is an instant classic, combining an enthralling whodunit account of the current crisis with a bracing discussion of the broader economic issues at stake.

• New

  Paperback
  2010

  $18.15

  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, Newsweek ). 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 , The Roaring Nineties and The Price of Inequality , all published by Penguin.