MARC Record from Library of Congress

LEADER: 03695cam a2200373 i 4500
001 2013024874
003 DLC
005 20150109081117.0
008 130725s2013 nyua b 001 0 eng
010 $a 2013024874
020 $a9781591845966 (hardback)
040 $aDLC$beng$cDLC$erda$dDLC
042 $apcc
043 $an-us---
050 00 $aHB241$b.A557 2013
082 00 $a338/.01$223
084 $aBUS022000$aBUS069000$aBUS079000$2bisacsh
100 1 $aAlpert, Daniel$c(Economist)
245 14 $aThe age of oversupply :$bovercoming the greatest challenge to the global economy /$cDaniel Alpert.
264 1 $aNew York :$bPortfolio/Penguin,$c[2013]
300 $a280 pages :$billustrations ;$c24 cm.
336 $atext$2rdacontent
337 $aunmediated$2rdamedia
338 $avolume$2rdacarrier
520 $a"Why Western capitalism is broken and how the U.S. can recover its global economic leadership status The governments and central banks of the developed world have tried every policy tool imaginable, yet our economies remain sluggish, or worse. How did we get here, and how can we emerge from the longest downturn in recent memory? Daniel Alpert, a progressive Wall Street banker and economist, argues that we are living in the age of oversupply. A global labor glut, a flood of excess productive capacity, and the persistent availability of cheap money have kept the developed world in a perpetual slump-which is unlikely to right itself without new policy solutions. For decades, economists and political leaders failed to see the signs of what became a cataclysmic shift in the global economy. Distracted by a technology boom and massive debt bubble, advanced nations failed to assess the full impact of the flood of labor and capital unleashed by the end of socialist economies until the most recent financial crisis exposed it. As the BRICs (Brazil, Russia, India, and China) and others continue to poach jobs from Western Europe, Japan, and the United States, prosperity in the developed world remains under threat. This is an alarming, insightful take on our current challenges, with bold policy prescriptions, from one of our sharpest economic minds"--$cProvided by publisher.
520 $a"Daniel Alpert, a progressive Wall Street banker and economist, argues that we are living in the age of oversupply. A global labor glut, a flood of excess productive capacity, and the persistent availability of cheap money have kept the developed world in a perpetual slump--which is unlikely to right itself without new policy solutions. For decades, economists and political leaders failed to see the signs of what became a cataclysmic shift in the global economy. Distracted by a technology boom and massive debt bubble, advanced nations failed to assess the full impact of the flood of labor and capital unleashed by the end of socialist economies until the most recent financial crisis exposed it. As the BRICs (Brazil, Russia, India, and China) and others continue to poach jobs from Western Europe, Japan, and the United States, prosperity in the developed world remains under threat"--$cProvided by publisher.
504 $aIncludes bibliographical references and index.
650 0 $aSupply and demand.
651 0 $aUnited States$xEconomic policy$y2009-
650 0 $aGlobal Financial Crisis, 2008-2009.
650 7 $aBUSINESS & ECONOMICS / Economic Conditions.$2bisacsh
650 7 $aBUSINESS & ECONOMICS / Economics / General.$2bisacsh
650 7 $aBUSINESS & ECONOMICS / Government & Business.$2bisacsh
856 42 $3Cover image$uftp://ppftpuser:welcome@ftp01.penguingroup.com/Booksellers and Media/Covers/2008_2009_New_Covers/9781591845966.jpg