The End of Normal: The Great Crisis and the Future of Growth, James K. Galbraith
  • List: $19.99  |  Sale: $13.99
    Club: $9.99
    • Facebook Share
    • Twitter Share
    • Pinterest Share

Details

The End of Normal: The Great Crisis and the Future of Growth

Author: James K. Galbraith

Narrator: L. J. Ganser

Unabridged: 9 hr 27 min

Format: Digital Audiobook

Publisher: Recorded Books

Published: 09/09/2014

Genre: Business & Economics - Economic History

Synopsis

The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europeand a stale argument between two false solutions, austerity on one side and stimulus on the other. Both sides and practically all analyses of the crisis so far take for granted that the economic growth from the early 1950s until 2000interrupted only by the troubled 1970srepresented a normal performance. From this perspective the crisis was an interruption, caused by bad policy or bad people, and full recovery is to be expected if the cause is corrected. The End of Normal challenges this view. Placing the crisis in perspective, Galbraith argues that the 1970s already ended the age of easy growth. The 1980s and 1990s saw only uneven growth, with rising inequality within and between countries. And the 2000s saw the end even of thatdespite frantic efforts to keep growth going with tax cuts, war spending, and financial deregulation. When the crisis finally came, stimulus and automatic stabilization were able to place a floor under economic collapse. But they are not able to bring about a return to high growth and full employment. Today, four factors impede a return to normal. They are the rising costs of real resources, the now-evident futility of military power, the labor-saving consequences of the digital revolution, and the breakdown of law and ethics in the financial sector. The Great Crisis should be seen as a turning point, a barometer of the rise of unstable economic conditions, which should be regarded as the new normal. Policies and institutions going forward should be designed, above all, modestly, to cope with this fact, maintaining conditions for a good life in difficult times.

Recommended

Capitalism Without Capital The Rise of the Intangible Economy, Jonathan Haskel
Capitalism Without Capital
by Jonathan Haskel

List: $19.99

Sale: $13.99

Club: $9.99

Narrator: Derek Perkins
Published: 12/08/2017

Dark Towers Deutsche Bank, Donald Trump, and an Epic Trail of Destruction, David Enrich
Dark Towers
by David Enrich

List: $29.99

Sale: $21.00

Club: $14.99

Narrator: BJ Harrison
Published: 02/18/2020

Capital and Ideology, Thomas Piketty
Capital and Ideology
by Thomas Piketty

List: $39.95

Sale: $27.97

Club: $19.97

Narrator: Arthur Goldhammer
Published: 03/10/2020

Killing the Planet, Rodney Howard-Browne
Killing the Planet
by Rodney Howard-Browne

List: $26.95

Sale: $18.86

Club: $13.47

Narrator: Dan Woren
Published: 12/18/2019

The Phantom Virus, Rodney Howard-Browne
The Phantom Virus
by Rodney Howard-Browne

List: $26.95

Sale: $18.86

Club: $13.47

Narrator: Christopher Slye
Published: 09/15/2020

A History of the United States in Five Crashes Stock Market Meltdowns That Defined a Nation, Scott Nations
A History of the United States in Fiv...
by Scott Nations

List: $27.99

Sale: $19.59

Club: $13.99

Narrator: Christopher Grove
Published: 06/13/2017

Too Big to Fail The Inside Story of How Wall Street and Washington Fought to Save the FinancialS ystem---and Themselves, Andrew Ross Sorkin
Too Big to Fail
by Andrew Ross Sorkin

List: $30.00

Sale: $21.00

Club: $15.00

Narrator: William Hughes
Published: 09/22/2009

The Story of Silver How the White Metal Shaped America and the Modern World, William L. Silber
The Story of Silver
by William L. Silber

List: $19.95

Sale: $13.97

Club: $9.97

Narrator: Jim Meskimen
Published: 02/05/2019

Why Nations Fail The Origins of Power, Prosperity, and Poverty, Daron Acemoglu
Why Nations Fail
by Daron Acemoglu

List: $24.00

Sale: $16.80

Club: $12.00

Narrator: Dan Woren
Published: 03/20/2012
{"id":"657207","ean":"9781490638942","abr":"Unabridged","title":"The End of Normal: The Great Crisis and the Future of Growth","subtitle":"The Great Crisis and the Future of Growth","author":"James K. Galbraith","rating_average":"0","narrator":"L. J. Ganser","ubr_id":"657207","abr_id":"0","ubr_price":"19.99","abr_price":"0.00","ubr_memprice":"11.99","abr_memprice":"0.00","ubr_narrator":"L. J. Ganser","abr_narrator":"","ubr_length":"Unabridged: 9 hr 10 min","abr_length":"Abridged: "}