The Age of Diminished Expectations / Edition 3

The Age of Diminished Expectations / Edition 3

by Paul Krugman
     
 

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ISBN-10: 0262611341

ISBN-13: 9780262611343

Pub. Date: 08/08/1997

Publisher: MIT Press

Paul 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.-

Overview

Paul 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.

Product Details

ISBN-13:
9780262611343
Publisher:
MIT Press
Publication date:
08/08/1997
Edition description:
third edition
Pages:
244
Product dimensions:
6.00(w) x 9.00(h) x 0.56(d)
Age Range:
18 Years

Table of Contents

Foreword
Preface
Introduction
I The Roots of Economic Welfare
1. Productivity Growth
2. Income Distribution
3. Employment and Unemployment
II Chronic Aches and Pains
4. The Trade Deficit
5. Inflation
III Policy Problems
6. Health Care
7. The Budget Deficit
8. The Embattled Fed
9. The Dollar
10. Free Trade and Protectionism
11. Japan
IV Financial Follies
12. The Savings and Loan Scandal
13. Losing It
14. Global Finance
V American Prospects
15. Happy Ending
16. Hard Landing
17. Drift
IndeX

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