No Way to Run an Economy: Why the System Failed and How to Put it Right

No Way to Run an Economy: Why the System Failed and How to Put it Right

by Graham Turner
     
 

Graham Turner is one of the few economists who predicted the world financial crisis. His new book, No Way to Run an Economy, explains why the world remains mired in economic crisis and claims the Obama administration has failed to stem the slide into deep recession.

Turner recommended aggressive measures, such as quantitative easing, in early 2008. But the action

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Overview

Graham Turner is one of the few economists who predicted the world financial crisis. His new book, No Way to Run an Economy, explains why the world remains mired in economic crisis and claims the Obama administration has failed to stem the slide into deep recession.

Turner recommended aggressive measures, such as quantitative easing, in early 2008. But the action that has been taken has been too little, too late. He dissects policy errors including Obama's doomed market-led response to the crisis and the obsession of central banks with the red herring of inflation.

Ultimately, Turner argues, the mistakes are the fault of a flawed economic system.

Product Details

ISBN-13:
9780745329772
Publisher:
Pluto Press
Publication date:
09/07/2009
Pages:
240
Product dimensions:
5.50(w) x 8.60(h) x 0.70(d)

Table of Contents

List of Tables and Figures vi

Glossary ix

GFC Economics xiii

Acknowledgements xiv

Introduction 1

1 From Bear Stearns to Recession 12

2 Learning from the Great Depression 43

3 Policy Mistakes in the 2008/09 Bear Market 63

4 Globalisation and the Race to the Bottom 97

5 Structural Causes of the Recession 112

6 A Flawed Economic System? 140

7 Obama's Crisis? 148

8 Breaking with the Past 163

Notes 178

Index 213

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