The Age of Diminished Expectations
U.S. Economic Policy in the 1990s 3rd Revised edition
By (author) Paul R. Krugman
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Age of Diminished Expectations by Paul R. Krugman
Book DescriptionPaul Krugman's popular guide to the economic landscape of the 1990s has been revised and updated to take into account economic developments of the past three years. New material in the third edition includes:- A new chapter--complete with colorful examples from Lloyds of London and Sumitomo Metals--on how risky behavior can lead to disaster in private markets.- An evaluation of the Federal Reserves role in reining in economic growth to prevent inflation, and the debate over whether its growth targets are too low.- A look at the collapse of the Mexican peso and the burst of Japans bubble economy.- A revised discussion of the federal budget deficit, including the growing concern that Social Security and Medicare payments to retiring baby boomers will threaten the solvency of the government.Finally, in the updated concluding section, the author provides three possible scenarios for the American economy over the next decade. He warns that we live in an age of diminished expectations, in which the voting public is willing to settle for policy drift--but with the first of the baby boomers turning 65 in 2011, the U.S. economy will not be able to drift indefinitely.
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Book DetailsISBN: 9780262611343
(229mm x 152mm x 14mm)
Imprint: MIT Press
Publisher: MIT Press Ltd
Publish Date: 29-Aug-1997
Country of Publication: United States
Books By Author Paul R. Krugman
Country Is Not a Company, Paperback (December 2009)
Argues that business leaders need to understand the differences between economic policy on the national and international scale and business strategy on the organizational scale. This title explains the world of economics for businesspeople who are so close to it and yet are continually frustrated by what they see.
Return of Depression Economics and the Crisis of 2008, Paperback (August 2009)
The New York Times bestseller: the Nobel Prize-winning economist shows how today's crisis parallels the Great Depression-and explains how to avoid catastrophe. With a new foreword for this paperback edition.
Conscience of a Liberal, Paperback (February 2009)
"The most consistent and courageous-and unapologetic-liberal partisan in American journalism." -Michael Tomasky, New York Review of Books
Return of Depression Economics, Paperback (December 2008)» View all books by Paul R. Krugman
Shows how crisis parallels the events that caused the Great Depression - and explains what it will take to avoid catastrophe. In this book, the author surveyes the economic crises that had swept across Asia and Latin America, and warns that those crises were a warning for all of us.
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Author Biography - Paul R. Krugman
Paul Krugman is Professor of Economics and International Affairs at Princeton University and a New York Times columnist. He was awarded the Nobel Prize for Economics in 2008.
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