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Freefall: America, Free Markets, and the Sinking of the World Economyby Joseph E. Stiglitz
Synopses & Reviews
The current global financial crisis carries a "made in America" label. In this forthright and incisive book, Nobel Laureate Joseph E. Stiglitz explains how America exported bad economics, bad policies, and bad behavior to the rest of the world, only to cobble together a haphazard and ineffective response when the markets finally seized up. Drawing on his academic expertise, his years spent shaping policy in the Clinton administration and at the World Bank, and his more recent role as head of a UN commission charged with reforming the global financial system, Stiglitz outlines a way forward, building on ideas that he has championed his entire career: restoring the balance between markets and government, addressing the inequalities of the global financial system, and demanding more good ideas (and less ideology) from economists.
Freefall is an instant classic, combining an enthralling whodunit account of the current crisis with a bracing discussion of the broader economic issues at stake.
"Dick Hill gives just the everyman kind of reading to make Nobel Prize — winning economist Stiglitz's analysis of the financial collapse plainly comprehensible and a ripping good — if enraging — yarn. With harsh words for the right and the left, Reagan-era deregulations that set the stage for the catastrophe, the Fed's bungling, the high costs of the Iraq War, and President Obama's refusal to take stronger measures, Stiglitz is passionate and iconoclastic. Hill handles the financial intricacies with clarity and delivers the material with warmth, urgency, and erudition. A Norton hardcover. (Feb.)" Publishers Weekly (Starred Review) (Copyright Reed Business Information, Inc.)
Nobel Prize winner Joseph E. Stiglitz explains the current financial crisis—and the coming global economic order.
About the Author
Winner of the 2001 Nobel Memorial Prize for Economics, Joseph E. Stiglitz is the author of Making Globalization Work; Globalization and Its Discontents; and, with Linda Bilmes, The Three Trillion Dollar War.Reader of over four hundred audiobooks, Dick Hill has won three coveted Audie Awards and been nominated numerous times. He is also the recipient of several AudioFile Earphones Awards. AudioFile includes Dick on their prestigious list of Golden Voices.
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