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

Turner, Graham

Verlag: Pluto Press Ltd., 2009
ISBN 10: 0745329764 / ISBN 13: 9780745329765
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Titel: No Way to Run an Economy: Why the System ...

Verlag: Pluto Press Ltd.

Erscheinungsdatum: 2009

Einband: paperback

Zustand: As New

Art des Buches: Used

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Paperback in like new condition. Buchnummer des Verkäufers 229186

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Inhaltsangabe: 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.

Rezension: 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. And you don't have to be a Marxist to think he has a point. (New Statesman)

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