- Shopping Bag ( 0 items )
Kevin Phillips
Freefall has three standout strengths. First, it is a powerful indictment of Wall Street, the United States financial sector and the Federal Reserve Board. Second, it offers a reluctant but persuasive elaboration of how the Obama administration decided to embrace the financial sector and the Fed, continuing and enlarging both the bailout and the too-big-to-fail philosophy that it inherited from George W. Bush. Finally, it is a blunt attack on Stiglitz's own profession, for transforming "scientific discipline" into "free-market capitalism's biggest cheerleader"…Stiglitz's virtue is that he minces few words.—The New York Times
Overview
Nobel Prize winner Joseph E. Stiglitz explains the current financial crisis—and the coming global economic order.
The current global financial crisis carries a “made-in-America” label. In this forthright and incisive book, Nobel Laureate Joseph E. Stiglitz explains how America exported bad economics, bad policies, and bad behavior to the rest of the world, only to cobble together a haphazard and ineffective response when the markets finally seized up. Drawing on his academic ...