Thalia.de

Eichengreen, B: Hall of Mirrors

The Great Depression, The Great Recession, and the Uses-and Misuses-of History. Shortlisted for the 2016 Lionel Gelber Prize

"There have been two global financial crises in the past century: the Great Depression of the 1930s and the Great Recession that began in 2008. Both featured loose credit, precarious real estate and stock market bubbles, suspicious banking practices, an inflexible monetary system, and global imbalances; both had devastating economic consequences. In both cases, people in the prosperous decade preceding the crash believed they were living in a post-volatility economy, one that had tamed the cycle of boom and bust. When the global financial system began to totter in 2008, policymakers were able to draw on the lessons of the Great Depression in order to prevent a repeat, but their response was still inadequate to prevent massive economic turmoil on a globalscale. In Hall of Mirrors, renowned economist Barry Eichengreen provides the first book-length analysis of the two crises and their aftermaths. Weaving together the narratives of the 30s and recent years, he shows how fear of another Depression greatly informed the policy response after the Lehman Brothers collapse, with both positive and negative results. On the positive side, institutions took the opposite paths that they had during the Depression; government increased spending and cut taxes, and central banks reduced interest rates, flooded the market with liquidity, and coordinated international cooperation. This in large part prevented the bank failures, 25% unemployment rate, and other disasters that characterized the Great Depression. But they all too often hewed too closely and too literally to the lessons of the Depression, seeing it as a mirror rather than focusing on the core differences. Moreover, in their haste to differentiate themselves from their forbears, today's policymakers neglected the constructive but ultimately futile steps that the Federal Reserve took in the 1930s. While the rapidly constructed policies of late 2008 did succeed in staving off catastrophe in the years after, policymakers, institutions, and society as a whole weretoo eager to get back to normal, even when that meant stunting the recovery via harsh austerity policies and eschewing necessary long-term reforms. The result was a grindingly slow recovery in the US and a devastating recession in Europe. Hall of Mirrors is not only a monumental work of economic history, but an essential exploration of how we avoided making only some of the same mistakes twice--and why our partial remedy makes us highly susceptible to making other, equally important mistakes yet again"--
Rezension
one of the most clear-sighted of commentators in recent years. He brings all his insights together in Hall of Mirrors Ben Chu, Books of the Year 2015, Independent
Portrait
Barry Eichengreen is Professor of Political Science and Economics at the University of California, Berkeley. He has written for the Financial Times, Wall Street Journal, Foreign Affairs, and other publications.
… weiterlesen
In den Warenkorb
Filialabholung

Versandkostenfrei

Bezahlung bei Abholung

Beschreibung

Produktdetails


Einband gebundene Ausgabe
Seitenzahl 512
Erscheinungsdatum 22.01.2015
Sprache Englisch
ISBN 978-0-19-939200-1
Verlag Oxford University Press
Maße (L/B/H) 243/158/32 mm
Gewicht 906
Buch (gebundene Ausgabe, Englisch)
22,99
inkl. gesetzl. MwSt.
Sofort lieferbar
Versandkostenfrei
In den Warenkorb
Filialabholung

Versandkostenfrei

Bezahlung bei Abholung

Andere Kunden interessierten sich auch für

  • 29590331
    The Economics of Beer
    von Johan F. M. Swinnen
    Buch
    36,99
  • 45806141
    Hall of Mirrors
    von Barry Eichengreen
    Buch
    14,99
  • 45243079
    Fantastic Beasts and Where to Find Them. The Original Screenplay
    von Joanne K. Rowling
    (4)
    Buch
    14,95 bisher 16,99
  • 44725232
    Harry Potter and the Cursed Child - Parts I & II (Special Rehearsal Edition)
    von Joanne K. Rowling
    (34)
    Buch
    19,99
  • 39151356
    Harry Potter: The Complete Collection
    von Joanne K. Rowling
    (3)
    Buch
    48,95 bisher 71,99
  • 42769827
    The Girl on the Train
    von Paula Hawkins
    (1)
    Buch
    7,40
  • 45571862
    ZAYN
    von Zayn
    (3)
    Buch
    17,95 bisher 23,11
  • 30674192
    A Raisin in the Sun
    von Lorraine Hansberry
    (1)
    Buch
    6,80
  • 39151343
    Harry Potter 1 and the Philosopher's Stone
    von Joanne K. Rowling
    (1)
    Buch
    7,90
  • 43564382
    Milk and Honey
    von Rupi Kaur
    Buch
    12,99 bisher 14,99
  • 34910866
    The Life List
    von Lori Nelson Spielman
    (5)
    Buch
    6,99 bisher 9,70
  • 3061941
    A Raisin in the Sun
    von Lorraine Hansberry
    Buch
    6,99
  • 42413879
    All the Light We Cannot See
    von Anthony Doerr
    (2)
    Buch
    7,85 bisher 10,49
  • 6609307
    Fahrenheit 451
    von Ray Bradbury
    (2)
    Schulbuch
    10,25
  • 38930428
    We Were Liars
    von E. Lockhart
    (6)
    Buch
    7,99 bisher 10,49
  • 17345365
    Looking for Alaska
    von John Green
    (2)
    Schulbuch
    10,25
  • 31405171
    Game of Thrones 5-Copy Boxed Set
    von George R. R. Martin
    (5)
    Buch
    25,90 bisher 37,49
  • 44896091
    Born to Run
    von Bruce Springsteen
    Buch
    18,95
  • 43809866
    It Ends with Us
    von Colleen Hoover
    (1)
    Buch
    8,99 bisher 11,50
  • 29974749
    Me Before You
    von Jojo Moyes
    (6)
    Buch
    8,85 bisher 11,80

Kundenbewertungen


Es wurden noch keine Bewertungen geschrieben.

Wird oft zusammen gekauft

Eichengreen, B: Hall of Mirrors

Eichengreen, B: Hall of Mirrors

von Barry Eichengreen

Buch
22,99
+
=
The Great Divide

The Great Divide

von Joseph E. Stiglitz

Buch
19,99
+
=

für

42,98

inkl. gesetzl. MwSt.

Alle kaufen