Freefall

Free Markets and the Sinking of the Global Economy

Joseph E. Stiglitz

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English

Penguin
31 January 2011

Economics & Business; International economics; Financial crises & disasters

Nobel Prize winner Joseph Stiglitz explains the financial crisis - and the coming global economic order

This devastating

and inspiring book, by one of the world's leading economic thinkers, lays out

not only the course of the financial crisis which began in 2007, but its

underlying causes, and shows why much more radical reforms are needed than are

currently being contemplated if we are to avoid similar 'systemic' crises in

the future. It shows why the bailout has been only marginally effective and

how it could have been much more so, and outlines the enormous opportunity - not yet taken - to design a new global financial architecture. It is highly

critical of many of the actions not only of George Bush's administration, but

also of Barack Obama's. It shows why the bulk of the cost of recovery should

be borne by those in the financial sector - not just for reasons of natural

justice, but for compelling economic reasons also. More than any of this, it

reminds readers to think constantly about what economies are for, and the

human purposes they serve.

Freefall is an instant classic, combining an enthralling whodunit account of the current crisis with a bracing discussion of the broader economic issues at stake.

By: Joseph E. Stiglitz
Imprint: Penguin
Country of Publication: United Kingdom
Dimensions: Height: 198mm, Width: 129mm, Spine: 27mm
Weight: 348g
ISBN: 9780141045122
ISBN 10: 0141045124
Pages: 480
Publication Date: 31 January 2011
Recommended Age: From 0 years
Audience: Professional and scholarly , College/higher education , General/trade , Undergraduate , Primary
Format: Paperback
Publisher's Status: Active

Joseph Stiglitz was Chief Economist at the World Bank until January 2000. He is currently University Professor of the Columbia Business School and Chair of the Management Board and Director of Graduate Summer Programs, Brooks World Poverty Institute, University of Manchester. He won the Nobel Prize for Economics in 2001 and is the author of the best-selling Globalization and Its Discontents, The Roaring Nineties, and Making Globalization Work, all published by Penguin.