No Way to Run an Economy – Why the System Failed and How to Put It Right : Why the System Failed and How to Put It Right
Book Details
Format
Paperback / Softback
ISBN-10
0745329764
ISBN-13
9780745329765
Publisher
Pluto Press
Imprint
Pluto Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Sep 7th, 2009
Print length
240 Pages
Weight
300 grams
Dimensions
22.20 x 13.00 x 1.40 cms
Ksh 4,700.00
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Essential guide to understanding the roots of the economic crisis, and how to solve it
In The Credit Crunch, Graham Turner predicted that banks would be nationalised and interest rates would be reduced too slowly to halt the crisis. His predictions were correct. His new book, No Way to Run an Economy, is the essential guide to the turbulent times ahead. Turner recommended radical measures, such as quantitative easing, in early 2008 but argues that action has been taken too late and been too timid to make a real difference. He dissects the policy mistakes of the last 12 months including Obama's doomed market-led response to the crisis and the obsession of central banks with the red herring of inflation. There is no doubt the economy is still in serious trouble, but Turner shows that learning from the mistakes made so far can prevent a situation worse than that of the 1930s crisis.
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