Secular Stagnation

Paperback | October 24, 2017

byLarry Summers

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The biggest economic debate of our time centres around one fundamental question: is the decreased growth in today's world economy a short-term glitch -- or is it part of a permanent spiral? Without an answer, we have no hope of steering our international economies back towards the growth they need.

After the global financial crisis, Larry Summers, Harvard professor and former director of the White House National Economic Council, reintroduced into economic debate the concept of 'secular stagnation', arguing persuasively that we're stuck in a trap of persistent low growth and depressed employment. The causes are various, from new technologies that have shifted the economy to zero-cost designed goods, to interest rates that can't go lower than zero. Without bold government intervention, there's no way out. And there's no time to lose.

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The biggest economic debate of our time centres around one fundamental question: is the decreased growth in today's world economy a short-term glitch -- or is it part of a permanent spiral? Without an answer, we have no hope of steering our international economies back towards the growth they need. After the global financial crisis, La...

One of America's leading economists, Larry Summers was a Harvard professor aged 28. He went on to be Clinton's Secretary to the Treasury, chief economist at the World Bank, President at Harvard, and Obama's first director of the White House National Economic Council from Jan 2009 to Nov 2010, just after the financial crisis. He has bee...

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Hardcover|Aug 12 2015

$30.70 online$32.50list price(save 5%)
Format:PaperbackDimensions:304 pages, 9.25 × 6 × 0.68 inPublished:October 24, 2017Publisher:Penguin UkLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0241263794

ISBN - 13:9780241263792

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