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Aftershock The Next Economy and America's Future

ISBN-10: 0307592812
ISBN-13: 9780307592811
Edition: 2010
Authors: Robert B. Reich
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Description: A brilliant reading of the economic crisis and how we should deal with its aftermath. When the nationrs"s economy foundered in 2008, blame was almost universally directed at Wall Street. But celebrated economic policy maker and political theorist  More...

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Book details

List price: $28.95
Copyright year: 2010
Publisher: Knopf Doubleday Publishing Group
Publication date: 9/21/2010
Binding: Hardcover
Pages: 192
Size: 5.75" wide x 9.50" long x 0.75" tall
Weight: 1.100
Language: English

A brilliant reading of the economic crisis and how we should deal with its aftermath. When the nationrs"s economy foundered in 2008, blame was almost universally directed at Wall Street. But celebrated economic policy maker and political theorist Robert B. Reich suggests a different reason for the meltdown, and for a potentially treacherous road ahead. Reich argues that the real problem is structural: it lies in the increasing concentration of income and wealth at the top-and a middle class that had to go deeply into debt to maintain a decent standard of living. His thoughtful and detailed account of where we are headed over the next decades reveals the essential truth about our economy that is driving our politics and shaping our future. His assessment of what must be done to ensure that prosperity is widely shared-a much broader safety net for the middle class to be financed by higher marginal tax rates on the very wealthy-heralds a necessary and long-overdue transformation. Here is a practical, humane, and much-needed blueprint for lastingly improving Americars"s economy.

Robert B. Reich is a writer, educator, politician, and advisor. He was born in Scranton, Pennsylvania on June 24, 1946. He earned a B.A. at Dartmouth College in 1968 and received a Rhodes scholarship to attend Oxford University, where he earned his M.A. in 1970. In 1973, he received his J.D. from Yale University. Reich was an assistant to the Solicitor General in the U.S. Department of Justice from 1974 to 1976. He directed the policy planning staff of the Federal Trade Commission from 1976 to 1981 and taught on the faculty of Harvard University's John F. Kennedy School of Government from 1981 to 1992. He served as the 22nd Secretary of Labor from 1993 to 1997 under President Bill Clinton. He became the University Professor and the Maurice B. Hexter Professor of Social and Economic Policy at Brandies University in 1997. He is currently the Chancellor's Professor of Public Policy at the Goldman School of Public Policy at the University of California, Berkeley. Regan has had articles published in every major newspaper in the United States, as well as many magazines. He has written numerous books including Locked in the Cabinet, Reason: Why Liberals Will Win the Battle for America, Supercapitalism: The Transformation of Business, Democracy, and Everyday Life, and Aftershock: The Next Economy and America's Future. In 2003, he was awarded the Vaclev Havel Foundation Prize for his pioneering work in economic and social thought.

Introduction: The Pendulum
The Broken Bargain
Eccles's Insight
Parallels
The Basic Bargain
How Concentrated Income at the Top Hurts the Economy
Why Policymakers Obsess About the Financial Economy Instead of About the Real One
The Great Prosperity: 1947-1975
How We Got Ourselves into the Same Mess Again
How Americans Kept Buying Anyway: The Three Coping Mechanism
The Future Without Coping Mechanisms
Why China Won't Save Us
No Return to Normal
Backlash
The 2020 Election
The Politics of Economics, 2010-2020
Why Can't We Be Content with Less?
The Pain of Economic Loss
Adding Insult to Injury
Outrage at a Rigged Game
The Politics of Anger
The Bargain Restored
What Should Be Done: A New Deal for the Middle Class
How It Could Get Done
Acknowledgments
Notes
Index

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