Age of Diminished Expectations

ISBN-10: 0262611341
ISBN-13: 9780262611343
Edition: 3rd 1997
Authors: Paul Krugman
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Description: This edition looks at how risky behaviour can lead to disaster in private markets, with colourful examples from Lloyd's of London and Sumitomo Metals. Krugman also considers the collapse of the Mexican peso, and the burst of Japan's 'bubble' economy.

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Book details

List price: $28.95
Edition: 3rd
Copyright year: 1997
Publisher: MIT Press
Publication date: 7/28/1997
Binding: Paperback
Pages: 244
Size: 6.00" wide x 9.00" long x 0.50" tall
Weight: 0.880
Language: English

This edition looks at how risky behaviour can lead to disaster in private markets, with colourful examples from Lloyd's of London and Sumitomo Metals. Krugman also considers the collapse of the Mexican peso, and the burst of Japan's 'bubble' economy.

Paul Krugman was born on February 28, 1953. He received a B.S. in economics from Yale University in 1974 and a Ph.D from MIT in 1977. From 1982 to 1983, he worked at the Reagan White House as a member of the Council of Economic Advisers. He taught at numerous universities including Yale University, MIT, UC Berkeley, the London School of Economics, and Stanford University before becoming a professor of economics and international affairs at Princeton University in 2000. He has written over 200 scholarly papers and 20 books including Peddling Prosperity; International Economics: Theory and Policy; The Great Unraveling; and The Conscience of a Liberal. Since 2000, he has written a twice-weekly column for The New York Times. He received the 1991 John Bates Clark Medal and the 2008 Nobel Memorial Prize in Economic Sciences. His title End This Depression Now! made The New York Times Best Seller List for 2012.

Foreword
Preface
Introduction
The Roots of Economic Welfare
Productivity Growth
Income Distribution
Employment and Unemployment
Chronic Aches and Pains
The Trade Deficit
Inflation
Policy Problems
Health Care
The Budget Deficit
The Embattled Fed
The Dollar
Free Trade and Protectionism
Japan
Financial Follies
The Savings and Loan Scandal
Losing It
Global Finance
American Prospects
Happy Ending
Hard Landing
Drift
Index

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