The Roaring Nineties: A New History of the World's Most Prosperous Decade (Google eBook)
How one of the greatest economic expansions in history sowed the seeds of its own collapse.With his best-selling Globalization and Its Discontents, Joseph E. Stiglitz showed how a misplaced faith in free-market ideology led to many of the recent problems suffered by the developing nations. Here he turns the same light on the United States.
The Roaring Nineties offers not only an insider's illuminating view of policymaking but also a compelling case that even the Clinton administration was too closely tied to the financial community—that along with enormous economic success in the nineties came the seeds of the destruction visited on the economy at the end of the decade.
This groundbreaking work by the Nobel Prize-winning economist argues that much of what we understood about the 1990s' prosperity is wrong, that the theories that have been used to guide world leaders and anchor key business decisions were fundamentally outdated. Yes, jobs were created, technology prospered, inflation fell, and poverty was reduced. But at the same time the foundation was laid for the economic problems we face today. Trapped in a near-ideological commitment to free markets, policymakers permitted accounting standards to slip, carried deregulation further than they should have, and pandered to corporate greed. These chickens have now come home to roost.
The paperback includes a new introduction that reviews the continued failure of the Bush administration's policies, which have taken a bad situation and made it worse.
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Review: The Roaring Nineties: A New History of the World's Most Prosperous DecadeUser Review - Teo Graur - Goodreads
Although repetitive and visibly biased in some respects, Stiglitz does manage to take us back in the 80s and 90s and exhaustively portray the purposeful exaggerated deregulation of those times and the ever-transforming consequences. Read full review
Review: The Roaring Nineties: A New History of the World's Most Prosperous DecadeUser Review - Dinesh singh rawat - Goodreads
I couldn't understand this book probably.But as far as I can understand this book is more about America's growth in Nineties and problem associated with that Growth. That fast growth problems surfaced in early two thousand. Read full review
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