Can I read Failure by Design: The Story behind America's Broken Economy (Economic Policy Institute) on EtoBox?

Failure by Design: The Story behind America's Broken Economy (Economic Policy Institute) by Josh Bivens; Lawrence Mishel is a book available to read on EtoBox.

What is Failure by Design: The Story behind America's Broken Economy (Economic Policy Institute) about?

<p>In <em>Failure by Design</em>, the Economic Policy Institute's Josh Bivens takes a step back from the acclaimed State of Working America series, building on its wealth of data to relate a compelling narrative of the U.S. economy's struggle to emerge from the Great Recession of 2008. Bivens explains the causes and impact on working Americans of the most catastrophic economic policy failure since the 1920s.</p> <p>As outlined clearly here, economic growth since the late 1970s has been slow and inequitably distributed, largely as a result of poor policy choices. These choices only got worse in the 2000s, leading to an anemic economic expansion. What growth we did see in the economy was fueled by staggering increases in private-sector debt and a housing bubble that artificially inflated wealth by trillions of dollars. As had been predicted, the bursting of the housing bubble had disastrous consequences for the broader economy, spurring a financial crisis and a rise in joblessness that dwarfed those resulting from any recession since the Great Depression. The fallout from the Great Recession makes it near certain that there will be yet another lost decade of income growth for typical

Author

Josh Bivens; Lawrence Mishel

Publisher

Ithaca, N.Y.: ILR Press

Published

2011

Language

EN

ISBN

9780801450150

Subjects

History, Economics, Business