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When the Money Runs Out by [King, Stephen D.]
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When the Money Runs Out Kindle Edition


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Length: 299 pages Word Wise: Enabled Enhanced Typesetting: Enabled
Page Flip: Enabled Language: English

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Review

"'For many, the financial crisis is a temporary interruption in the rise of western prosperity that is due to easily remedied policy mistakes. The Keynesians believe this, as do anti-Keynesians on the free-market right. King argues, instead, that the future is not what it used to be. We have made promises to ourselves we cannot afford to keep. The argument is important.' (Martin Wolf, Financial Times) 'Well-written, thoughtful and highly convincing... King's clear-eyed assessment of the problems ahead makes the book essential reading.' (The Economist) 'The conclusions are clear and compelling... The book should appeal to a wider audience than economists. The author is a newspaper columnist as well as a professional economist, and it shows in the crisp and easy style of his prose. I recommend it heartily.' (Erik Britton, Management Today) 'an interesting and well-written book' (Paul Ormerod, City AM) 'The book is jammed full of history and is highly readable - being rich in the economic history that he argues was lacking in pre-crisis economic analysis. It is accompanied by some wonderful anecdotes and provides a good mix of economics and politics in addition to its historical detail.' (George Buckley, Financial World) 'Overall, as Charles Moore notes in The Daily Telegraph, 'it's alarmingly difficult to disagree' with this book.' (Matthew Partridge, Money Week)"

Product Description

The Western world has experienced extraordinary economic progress throughout the last six decades, a prosperous period so extended that continuous economic growth has come to seem normal. But such an era of continuously rising living standards is a historical anomaly, economist Stephen D. King warns, and the current stagnation of Western economies threatens to reach crisis proportions in the not-so-distant future.
 
Praised for the “dose of realism” he provided in his book Losing Control, King follows up in this volume with a plain-spoken assessment of where the West stands today. It’s not just the end of an age of affluence, he shows. We have made promises to ourselves that are achievable only through ongoing economic expansion. The future benefits we expect—pensions, healthcare, and social security, for example—may be larger than tomorrow’s resources. And if we reach that point, which promises will be broken and who will lose out? The lessons of history offer compelling evidence that political and social upheaval are often born of economic stagnation. King addresses these lessons with a multifaceted plan that involves painful—but necessary—steps toward a stable and just economic future.

Product details

  • Format: Kindle Edition
  • File Size: 808 KB
  • Print Length: 299 pages
  • Publisher: Yale University Press (15 May 2013)
  • Sold by: Amazon Australia Services, Inc.
  • Language: English
  • ASIN: B00CKSWP62
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Screen Reader: Supported
  • Enhanced Typesetting: Enabled
  • Average Customer Review: Be the first to review this item
  • Amazon Bestsellers Rank: #1,038,949 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Amazon.com: 4.0 out of 5 stars 38 reviews
William A. Thayer
5.0 out of 5 starsTarget Economic Growth
16 December 2013 - Published on Amazon.com
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5 people found this helpful.
Michael P. Welsh
4.0 out of 5 starsA scary read, worthy of his namesake.
1 March 2014 - Published on Amazon.com
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2 people found this helpful.