Synopses & Reviews
Rebound takes the currently unthinkable view that the economy will bounce back faster and stronger from the downturn than most economists expect. Noted Labor economist Stephen J. Rose amasses data on the economic performance of America over the last 30 years to debunk myths about declining middle class incomes, burger-flipping jobs and global competition. He also describes the evolution of the financial crisis and mortgage lending implosion under the rubric of brilliant idiocy” to show how the investors, financial firms, and regulators all made devastating mistakes in pursuit of quick gains.
The book argues forcefully that simple financial regulation and forthcoming investments in education, health care and energy will pay quick and healthy dividends. Using economic analysis rather than partisan argument, Rebound cuts through the clutter of political debate to show how the economy will return to high growth rates.
Stephen J. Rose, Ph.D., is a nationally recognized labor economist and former senior advisor to Secretary of Labor Robert Reich. He was educated at Princeton University and City University of New York. He has conducted research for the Department of Education, Educational Testing Service, and Pew Research Center, among others.
Rebound takes the currently unthinkable view that the economy will bounce back faster and stronger from the downturn than most economists expect. Noted Labor economist Stephen J. Rose amasses data on the economic performance of America over the last 30 years to debunk myths about declining middle class incomes, burger-flipping jobs and global competition. He also describes the evolution of the financial crisis and mortgage lending implosion under the rubric of brilliant idiocy” to show how the investors, financial firms, and regulators all made devastating mistakes in pursuit of quick gains.
The book argues forcefully that simple financial regulation and forthcoming investments in education, health care and energy will pay quick and healthy dividends. Using economic analysis rather than partisan argument, Rebound cuts through the clutter of political debate to show how the economy will return to high growth rates.
Like a great landscape artist, Stephen Rose paints for us a vivid picture of the U.S economy. Rebound explains the flaws that have led to the current economic catastrophe and gives a prescription for fixing them. It also focuses on the underlying riches of our economy, and especially our institutions, education, and middle class values. These are the reasons why the U .S .economy is so rich, and why the Rebound, when it happens, should be robust.”George Akerlof, 2001 Nobel Laureate in Economics
Rose does not adhere to convention, and for that reason alone his book is worth reading even if you are likely to disagree with his conclusions. And he marshals an impressive array of data and arguments to support his provocative case . . . Rose makes his case for what has happened to Main Street in workmanlike prose punctuated by the occasional chart. Yet he succeeds in providing an easy-to-understand view of American economic trends and clear explanations of some of the alphabet soup of financial instruments that helped sink the economy that he says will rise again.”Michael A. Fletcher, The Washington Post
Steve Rose, a liberal economist, argues in his new book, Rebound, that much of what liberals tend to believe about the US economy (good jobs are disappearing, the middle class is declining etc.) is either wrong or vastly exaggerated. His provocative and carefully documented analysis of US economic performance is guaranteed to make you think. I recommend it for just that reason.”Ruy Teixeira, coauthor of The Emerging Democratic Majority
I always appreciate clear and cogent arguments. While I find many of Rose's positions too sanguine, his arguments and analyses are well reasoned and important to the crucial debate over where we've been and where we're going.”Robert Reich, former Secretary of Labor
More over, Wealth of Nations! Stephen Rose has distilled two decades of research into a new argument about where the wealth of nations really comes from in a postindustrial worldwell-educated and creative folks who work in offices and invent products and services wanted by people all across the world . . . Liberals may hate this book because Rose persists in seeing the glass more than half full, while conservatives may feel Rose goes too far in arguing for stronger government. In short its a must-red guide to our past, present, and future.”Heidi Hartmann, MacArthur Fellow and President of the Institute for Womens Policy Research
Praise for Stephen J. Roses Social Stratification in the United States:
Ingenious design. . . . A bleak, statistically meticulous, and even-tempered presentation of trends that ought to alarm anyone.”The New York Times Book Review
Transforms the percentages and media figures you frequently hear into a form you can see and drawings you can grasp.”New York Daily News
Sort of a Demographics 101 and Sociology 101 presented on a single large sheet of paper.”San Francisco Examiner
There is a crippling lack of information . . . with regard to some of the basic facts of the American socioeconomic system. This attractive poster goes a long way toward remedying that deficiency.”Robert Heilbroner, author of The Worldly Philosophers
Review
Praise for Rebound:
"Steve Rose, a liberal economist, argues in his new book, Rebound, that much of what liberals tend to believe about the US economy (good jobs are disappearing, the middle class is declining etc.) is either wrong or vastly exaggerated. His provocative and carefully documented analysis of US economic performance is guaranteed to make you think. I recommend it for just that reason.
--Ruy Teixeira, co-author, The Emerging Democratic Majority
“I always appreciate clear and cogent arguments. While I find many of Rose's positions too sanguine, his arguments and analyses are well reasoned and important to the crucial debate over where we've been and where we're going.”---Robert Reich, former Secretary of Labor
"Like a great landscape artist, Stephen Rose paints for us a vivid picture of the U.S economy. Rebound explains the flaws that have led to the current economic catastrophe and gives a prescription for fixing them. It also focuses on the underlying riches of our economy, and especially our institutions, education, and middle class values. These are the reasons why the U .S .economy is so rich, and why the Rebound, when it happens, should be robust.”
--George Akerlof, 2001 Nobel Laureate in Economics
Praise for Stephen J. Roses Social Stratification in the United States:
“Ingenious design. . . . A bleak, statistically meticulous, and even-tempered presentation of trends that ought to alarm anyone. --The New York Times Book Review
Transforms the percentages and media figures you frequently hear into a form you can see and drawings you can grasp. --New York Daily News
“Sort of a Demographics 101 and Sociology 101 presented on a single large sheet of paper.”--San Francisco Examiner
“There is a crippling lack of information . . . with regard to some of the basic facts of the American socioeconomic system. This attractive poster goes a long way toward remedying that deficiency.”--Robert Heilbroner, author of The Worldly Philosophers
Synopsis
Rebound takes the currently unthinkable view that the economy will bounce back faster and stronger from the downturn than most economists expect. Noted Labor economist Stephen J. Rose amasses data on the economic performance of America over the last 30 years to debunk myths about declining middle class incomes, burger-flipping jobs and global competition. He also describes the evolution of the financial crisis and mortgage lending implosion under the rubric of “brilliant idiocy” to show how the investors, financial firms, and regulators all made devastating mistakes in pursuit of quick gains.
The book argues forcefully that simple financial regulation and forthcoming investments in education, health care and energy will pay quick and healthy dividends. Using economic analysis rather than partisan argument, Rebound cuts through the clutter of political debate to show how the economy will return to high growth rates.
About the Author
Stephen J. Rose, Ph.D, is a nationally recognized labor economist and former senior advisor to Secretary of Labor Robert Reich. He was educated at Princeton University and City University of New York. He has conducted research for the Department of Education, Educational Testing Service, and Pew Research Center, among others.