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The Leaderless Economy -

The Leaderless Economy (ISBN10: 069115743X; ISBN13: 9780691157436)
ISBN13: 978-0691157436
ISBN10: 069115743X

Summary: The Leaderless Economy reveals why international financial cooperation is the only solution to today's global economic crisis. In this timely and important book, Peter Temin and David Vines argue that our current predicament is a catastrophe rivaled only by the Great Depression. Taking an in-depth look at the history of both, they explain what went wrong and why, and demonstrate why international leadership is needed to restore prosperity and prevent future crises. Temin and Vines argue that t ...show morehe financial collapse of the 1930s was an "end-of-regime crisis" in which the economic leader of the nineteenth century, Great Britain, found itself unable to stem international panic as countries abandoned the gold standard. They trace how John Maynard Keynes struggled for years to identify the causes of the Great Depression, and draw valuable lessons from his intellectual journey. Today we are in the midst of a similar crisis, one in which the regime that led the world economy in the twentieth century--that of the United States--is ending. Temin and Vines show how America emerged from World War II as an economic and military powerhouse, but how deregulation and a lax attitude toward international monetary flows left the nation incapable of reining in an overleveraged financial sector and powerless to contain the 2008 financial panic. Fixed exchange rates in Europe and Asia have exacerbated the problem. The Leaderless Economy provides a blueprint for how renewed international leadership can bring today's industrial nations back into financial balance--domestically and between each other. ...show less

Cover: Hardcover
Publisher: Princeton University Press
Published: 01/22/2013
International: No



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Good The book has been read but is still in clean condition. The pages are intact and readable; the dust jacket (if applicable) is included. The cover is not creased nor torn. The book may contain: ...show morepublisher remainder mark on an outside edge, a spine showing s All orders guaranteed and ship within 24 hours. Your purchase supports More Than Words, a nonprofit job training program for youth, empowering youth to take charge of their lives by taking charge of a business. ...show less
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