Rebound: Why America Will Emerge Stronger From the Financial Crisis (Google eBook)

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Macmillan, Apr 13, 2010 - Business & Economics - 288 pages
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Rebound takes the currently unthinkable view that the economy will bounce back faster and stronger from the downturn than most economists expect. Noted Labor economist Stephen J. Rose amasses data on the economic performance of America over the last 30 years to debunk myths about declining middle class incomes, burger-flipping jobs and global competition. He also describes the evolution of the financial crisis and mortgage lending implosion under the rubric of “brilliant idiocy” to show how the investors, financial firms, and regulators all made devastating mistakes in pursuit of quick gains.  

 

The book argues forcefully that simple financial regulation and forthcoming investments in education, health care and energy will pay quick and healthy dividends. Using economic analysis rather than partisan argument, Rebound cuts through the clutter of political debate to show how the economy will return to high growth rates.


  

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Contents

Introduction
1
What Just Happened?
15
What Will Happen Next?
46
All of the Income Gains in the Last Thirty Years Have Gone to the Rich
84
4 The Myth of the Declining Middle Class
102
The Myth of the Disappearance of Good Jobs
126
Jobs Are Disappearing Because of International Trade
150
The Myth that Employee Benefits Are Disappearing
179
Why We Will Rebound
220
Appendices
243
Bibliography
265
Index
271
Copyright

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About the author (2010)

Stephen J. Rose, Ph.D, is a nationally recognized labor economist and former senior advisor to Secretary of Labor Robert Reich. He was educated at Princeton University and City University of New York. He has conducted research for the Department of Education, Educational Testing Service, and Pew Research Center, among others. 

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