Plunder and Blunder: The Rise and Fall of the Bubble Economy (AGENCY/DISTRIBUTED) - Softcover

Dean Baker

Softcover

ISBN 10: 0981576990 ISBN 13: 9780981576992

Publisher: Berrett-Koehler Publishers, 2009

Synopsis

For the second time this decade, the US economy is sinking into a recession due to the collapse of a financial bubble. The most recent calamity is likely to produce a downturn deeper and longer than the stock market crash of 2001. Dean Baker argues not only that competent economists should have recognized the developing housing bubble, but also that policy makers and the media cheerfully neglected those economists who did predict danger. Baker doesnt engage in 20-20 hindsight, but documents the fundamental policy changes since 1980 that destabilized the economy and eroded the broad prosperity of the post-war period. His expert analysis explains the outcomes clearly so we can prevent similar financial disasters in the future.

About this title

About the Author

Dean Baker is co-director of the Center for Economic and Policy Research in Washington DC. His weblog, "Beat the Press," appears on the American Prospect website and features commentary on economic reporting. Baker's columns have appeared in many major media outlets, including the Atlantic Monthly, the Washington Post, and the London Financial Times. He is frequently cited in economics reporting in major media outlets, including the New York Times, the Washington Post, CNBC, and National Public Radio.

Edition details

• Publisher: Berrett-Koehler Publishers
• Publication date: 2009
• Language: English
• ISBN 10: 0981576990
• ISBN 13: 9780981576992
• Binding: Paperback
• Number of pages: 170