When the Money Runs Out: The End of Western Affluence

3.68 avg rating
( 171 ratings by Goodreads )
 
9780300205237: When the Money Runs Out: The End of Western Affluence
View all copies of this ISBN edition:
 
 

An esteemed economist warns that Western societies' economic expectations for the future are about to collide with reality The Western world has experienced extraordinary economic progress throughout the last six decades, a prosperous period so extended that continuous economic growth has come to seem normal. But such an era of continuously rising living standards is a historical anomaly, economist Stephen D. King warns, and the current stagnation of Western economies threatens to reach crisis proportions in the not-so-distant future. Praised for the "dose of realism" he provided in his book Losing Control, King follows up in this volume with a plain-spoken assessment of where the West stands today. It's not just the end of an age of affluence, he shows. We have made promises to ourselves that are achievable only through ongoing economic expansion. The future benefits we expect-pensions, healthcare, and social security, for example-may be larger than tomorrow's resources. And if we reach that point, which promises will be broken and who will lose out? The lessons of history offer compelling evidence that political and social upheaval are often born of economic stagnation. King addresses these lessons with a multifaceted plan that involves painful-but necessary-steps toward a stable and just economic future.

"synopsis" may belong to another edition of this title.

Review:

"'For many, the financial crisis is a temporary interruption in the rise of western prosperity that is due to easily remedied policy mistakes. The Keynesians believe this, as do anti-Keynesians on the free-market right. King argues, instead, that the future is not what it used to be. We have made promises to ourselves we cannot afford to keep. The argument is important.' (Martin Wolf, Financial Times) 'Well-written, thoughtful and highly convincing... King's clear-eyed assessment of the problems ahead makes the book essential reading.' (The Economist) 'The conclusions are clear and compelling... The book should appeal to a wider audience than economists. The author is a newspaper columnist as well as a professional economist, and it shows in the crisp and easy style of his prose. I recommend it heartily.' (Erik Britton, Management Today) 'an interesting and well-written book' (Paul Ormerod, City AM) 'The book is jammed full of history and is highly readable - being rich in the economic history that he argues was lacking in pre-crisis economic analysis. It is accompanied by some wonderful anecdotes and provides a good mix of economics and politics in addition to its historical detail.' (George Buckley, Financial World) 'Overall, as Charles Moore notes in The Daily Telegraph, 'it's alarmingly difficult to disagree' with this book.' (Matthew Partridge, Money Week)"

About the Author:

Stephen D. King is Group Chief Economist and Global Head of Economics and Asset Allocation research at HSBC. He lives in London.

"About this title" may belong to another edition of this title.

Other Popular Editions of the Same Title

9780300190526: When the Money Runs Out: The End of Western Affluence

Featured Edition

ISBN 10: 0300190522 ISBN 13: 9780300190526
Publisher: Yale University Press, 2013
Hardcover

9780300197952: When the Money Runs Out: The End of Western Affluence

Yale U..., 2013
Softcover

Top Search Results from the AbeBooks Marketplace

Stock Image

1.

King, Stephen D.
Published by Yale University Press (2014)
ISBN 10: 0300205236 ISBN 13: 9780300205237
New Softcover Quantity available: 1
Seller:
Irish Booksellers
(Portland, ME, U.S.A.)

Book Description Yale University Press, 2014. Condition: New. book. Seller Inventory # M0300205236

More information about this seller | Contact this seller

Buy New
£ 17.45
Convert currency

Add to Basket

Shipping: £ 2.74
Within U.S.A.
Destination, rates & speeds
Stock Image

2.

King, Stephen D.
Published by Yale University Press (2014)
ISBN 10: 0300205236 ISBN 13: 9780300205237
New Paperback Quantity available: 1
Seller:
Your Online Bookstore
(Houston, TX, U.S.A.)

Book Description Yale University Press, 2014. Paperback. Condition: New. Seller Inventory # 0300205236-11-21095313

More information about this seller | Contact this seller

Buy New
£ 20.26
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds
Stock Image

3.

King, Stephen D.
Published by Yale University Press (2014)
ISBN 10: 0300205236 ISBN 13: 9780300205237
New Softcover Quantity available: 1
Seller:
GlassFrogBooks
(Hawthorne, CA, U.S.A.)

Book Description Yale University Press, 2014. Condition: New. A+ Customer service! Satisfaction Guaranteed! Book is in NEW condition. Seller Inventory # 0300205236-2-1

More information about this seller | Contact this seller

Buy New
£ 22.06
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds
Stock Image

4.

Stephen D. King
Published by Yale University Press (2014)
ISBN 10: 0300205236 ISBN 13: 9780300205237
New Taschenbuch Quantity available: 1
Seller:
AHA-BUCH
(Einbeck, Germany)

Book Description Yale University Press, 2014. Taschenbuch. Condition: Neu. Neu neuware, importqualität, auf lager - The Western world has experienced extraordinary economic progress throughout the last six decades, a prosperous period so extended that continuous economic growth has come to seem normal. But such an era of continuously rising living standards is an historical anomaly, economist Stephen D. King warns, and the current stagnation of Western economies threatens to reach crisis proportions in the not-so-distant future. Praised for the 'dose of realism' he provided in his book Losing Control, King follows up in this volume with a plain-spoken assessment of where the West stands today. It's not just the end of an age of affluence, he shows. We have made promises to ourselves that are only achievable through ongoing economic expansion. The future benefits we expect - pensions, healthcare and social security, for example - may be larger than tomorrow's resources. And if we reach that point, which promises will be broken and who will lose out The lessons of history offer compelling evidence that political and social upheaval are often born of economic stagnation. King addresses these lessons with a multifaceted plan that involves painful - but necessary - steps toward a stable and just economic future. 304 pp. Englisch. Seller Inventory # INF1000425029

More information about this seller | Contact this seller

Buy New
£ 25.01
Convert currency

Add to Basket

Shipping: £ 25.98
From Germany to U.S.A.
Destination, rates & speeds
Stock Image

5.

Stephen D. King
Published by Yale University Press (2014)
ISBN 10: 0300205236 ISBN 13: 9780300205237
New Taschenbuch Quantity available: 1
Seller:
AHA-BUCH
(Einbeck, Germany)

Book Description Yale University Press, 2014. Taschenbuch. Condition: Neu. Neu neuware, importqualität, auf lager - The Western world has experienced extraordinary economic progress throughout the last six decades, a prosperous period so extended that continuous economic growth has come to seem normal. But such an era of continuously rising living standards is an historical anomaly, economist Stephen D. King warns, and the current stagnation of Western economies threatens to reach crisis proportions in the not-so-distant future. Praised for the 'dose of realism' he provided in his book Losing Control, King follows up in this volume with a plain-spoken assessment of where the West stands today. It's not just the end of an age of affluence, he shows. We have made promises to ourselves that are only achievable through ongoing economic expansion. The future benefits we expect - pensions, healthcare and social security, for example - may be larger than tomorrow's resources. And if we reach that point, which promises will be broken and who will lose out The lessons of history offer compelling evidence that political and social upheaval are often born of economic stagnation. King addresses these lessons with a multifaceted plan that involves painful - but necessary - steps toward a stable and just economic future. 304 pp. Englisch. Seller Inventory # INF1000425185

More information about this seller | Contact this seller

Buy New
£ 25.01
Convert currency

Add to Basket

Shipping: £ 25.98
From Germany to U.S.A.
Destination, rates & speeds