The Roaring Nineties: A New History of the World's Most Prosperous Decade

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W. W. Norton & Company, 2003 - Business & Economics - 379 pages
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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that the theories that have been used to guide world leaders and anchor key business decisions were fundamentally outdated.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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THE ROARING NINETIES: A New History of the World's Most Prosperous Decade

User Review  - Jane Doe - Kirkus

A best-of-times, worst-of-times overview of the previous decade by whip-smart economist and presidential advisor Stiglitz (Economics/Columbia Univ.; Globalization and Its Discontents, 2002).Adam Smith ... Read full review

LibraryThing Review

User Review  - Ramirez - LibraryThing

How come we are deep in mountains of shit? What are the reason of the financial meltdown? Here's some suggestions, from the roaring nineties of the new democrat bill clinton. Stiglitz is smart indeed, but this book is somehow badly written. Read full review

Selected pages


Boom and Bust Seeds of Destruction
Miracleworkers or Lucky Mistakes?
The AllPowerful Fed and Its Role in Inflating the Bubble
Deregulation Run Amok
Creative Accounting
The Banks and the Bubble
Tax Cuts Feeding the Frenzy
Making Risk a Way of Life
Debunking the Myths
Toward a New Democratic Idealism Vision and Values
Further Lessons on How to Mismanage the Economy

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About the author (2003)

Joseph E. Stiglitz is a Nobel Prize-winning economist and the best-selling author of The Price of Inequality, Freefall, and Globalization and Its Discontents. He is a columnist for the New York Times and Project Syndicate and has written for Vanity Fair, Politico, The Atlantic, and Harper's. He teaches at Columbia University and lives in New York City.

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