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The Age of Diminished Expectations 3e (The MIT Press) - Softcover

 
9780262611343: The Age of Diminished Expectations 3e (The MIT Press)
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Paul Krugman's popular guide to the economic landscape of the 1990s has been revised and updated to take into account economic developments of the past three years. New material in the third edition includes:- A new chapter-complete with colorful examples from Lloyds of London and Sumitomo Metals-on how risky behavior can lead to disaster in private markets.- An evaluation of the Federal Reserves role in reining in economic growth to prevent inflation, and the debate over whether its growth targets are too low.- A look at the collapse of the Mexican peso and the burst of Japans bubble economy.- A revised discussion of the federal budget deficit, including the growing concern that Social Security and Medicare payments to retiring baby boomers will threaten the solvency of the government. Finally, in the updated concluding section, the author provides three possible scenarios for the American economy over the next decade. He warns that we live in an age of diminished expectations, in which the voting public is willing to settle for policy drift-but with the first of the baby boomers turning 65 in 2011, the U.S. economy will not be able to drift indefinitely.

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Review:
-- Peter Passell, "New York Times Book Review"

The Age of Diminished Expectations is a remarkable achievement, a quick read that tells you much of what there is to know about the great economic issues of the day. -- Peter Passell, New York Times Book Review

"The Age of Diminished Expectations" is a remarkable achievement, a quick read that tells you much of what there is to know about the great economic issues of the day.--Peter Passell, "New York Times Book Review"
Synopsis:
This guide to the economic landscape of the 1990s has been revised and updated to include a new introduction in which Krugman connects George Bush's fall from office to dismay over a long-term economic slowdown. New chapters cover examples from Lloyd's of London and Sumitomo Metals.

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  • PublisherMIT Press
  • Publication date1997
  • ISBN 10 0262611341
  • ISBN 13 9780262611343
  • BindingPaperback
  • Edition number3
  • Number of pages244
  • Rating

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Other Popular Editions of the Same Title

9780262111560: Krugman: The ∗age∗ Of Diminished Expectations – Us Economic Policy In The 1990s (cloth)

Featured Edition

ISBN 10:  026211156X ISBN 13:  9780262111560
Publisher: MIT Press, 1990
Hardcover

  • 9780262610926: The Age of Diminished Expectations – U.S. Economic Policy in the 1990′s – Revised & Updated Edition (Paper)

    MIT Press, 1994
    Softcover

  • 9780262111812: The Age of Diminished Expectations – U.S. Economic Policy in the 1990′s – Revised & Updated Edition

    MIT Press, 1994
    Hardcover

  • 9780262112246: The Age of Diminished Expectations: U.S. Economic Policy in the 1990s

    MIT Press, 1997
    Hardcover

  • 9780262610780: Krugman: The Age Of Diminished Expectations: U.s Economic Policies In The 1990s (paper): U.S. Economic Policy in the 1990s

    MIT Press, 1992
    Softcover

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