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Plunder and Blunder: The Rise and Fall of the Bubble Economyby Dean Baker
Synopses & Reviews
For the second time this decade, the US economy is sinking into a recession due to the collapse of a financial bubble. The most recent calamity is likely to produce a downturn deeper and longer than the stock market crash of 2001. Dean Baker argues not only that competent economists should have recognized the developing housing bubble, but also that policy makers and the media cheerfully neglected those economists who did predict danger. Baker doesnt engage in 20-20 hindsight, but documents the fundamental policy changes since 1980 that destabilized the economy and eroded the broad prosperity of the post-war period. His expert analysis explains the outcomes clearly so we can prevent similar financial disasters in the future.
About the Author
Dean Baker has more than 25 years of research experience in occupational and environmental epidemiology. The primary emphasis of his research has been on community-based epidemiological studies. During the past several years, he has focused on developmental toxicity and children's environmental
health. He has conducted several epidemiological research studies examining chronic health effects of gestational and early childhood exposure to heavy metals and organochlorine chemicals. His other area of research has been on the health effects of psychosocial stressors in the workplace and in
communities exposed to environmental hazards. In both of these areas, Dr. Baker has made contributions to the epidemiological study design and methods. He was elected 3 times as Secretary-Treasurer of the International Society for Environmental Epidemiology, and was a founding member. He is an
active teacher at the university, directing an occupational medicine residency program and supervising graduate students. Mark J Nieuwenhuijsen has been involved in various environmental exposure assessment, epidemiology, and health risk assessment studies in the Netherlands, the UK, Eastern Europe
and the US. His interests include the health effects of chlorination by-products in water, traffic related air pollution and metals, specifically in relation to reproductive, respiratory, renal and cancer effects. He has published over a hundred papers. He graduated from Wageningen University, the
Netherlands, and went to do a PhD at the National Heart and Lung Institute in London, UK. For his post doc he went to the University of California, Davis, USA after which he took up a faculty position atImperial College London, UK. In January 2007 he joined the Center for Research in Environmental
Epidemiology (CREAL) in Barcelona, Spain as a Research Professor. He is associate editor on the journals 'Occupational and Environmental Medicine' and the 'Journal of Exposure Science and Environmental Epidemiology'.
Thomas Frank is the author of "What's the Matter with Kansas? "and "One Market Under God," The founding editor of "The Baffler "and a contributing editor at "Harper's," Frank has received a Lannan award and been a guest columnist for "The New York Times," He lives, of course, in Washington, D.C.
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