In The Credit Crunch, Graham Turner predicted that banks would be nationalised and interest rates would be reduced too slowly to halt the crisis. His predictions were correct. His new book, No Way to Run an Economy, is the essential guide to the turbulent times ahead. Turner recommended radical measures, such as quantitative easing, in early 2008 but argues that action has been taken too late and been too timid to make a real difference. He dissects the policy mistakes of the last 12 months including Obama's doomed market-led response to the crisis and the obsession of central banks with the red herring of inflation. There is no doubt the economy is still in serious trouble, but Turner shows that learning from the mistakes made so far can prevent a situation worse than that of the 1930s crisis.
Les mer
Essential guide to understanding the roots of the economic crisis, and how to solve it
List of Tables and Figures Glossary GFC Economics Acknowledgements Introduction 1. From Bear Stearns to Recession 2. Learning from the Great Depression 3. Policy Mistakes in the 2008/09 Bear Market 4. Globalisation and the Race to the Bottom 5. Structural Causes of the Recession 6. A Flawed Economic System? 7. Obama's Crisis? 8. Breaking with the Past Notes Index
Les mer
'Turner argues that we urgently need a thorough rethink of the shareholder model that blindly chases short-term profit and denies a voice to workers - and, indeed, to small investors' -- New Statesman

Produktdetaljer

ISBN
9780745329765
Publisert
2009
Utgiver
Vendor
Pluto Press
Vekt
295 gr
Høyde
215 mm
Bredde
135 mm
Aldersnivå
01, G
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
240

Forfatter

Om bidragsyterne

Graham Turner is the founder of GFC Economics an independent economic consultancy which provides forecasting services for some of the world's largest banks. He has worked in the financial sector for over 20 years and is the author of The Credit Crunch (Pluto, 2008) and No Way to Run an Economy (Pluto, 2009).