WRONG: Nine Economic Policy Disasters and What We Can Learn from Them by Richard S. GrossmanWRONG: Nine Economic Policy Disasters and What We Can Learn from Them by Richard S. Grossman

WRONG: Nine Economic Policy Disasters and What We Can Learn from Them

byRichard S. Grossman

Hardcover | October 30, 2013

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During the last several years, the world has been rocked by two major economic crises: the US subprime meltdown and the European sovereign debt crisis. Neither of these episodes happened purely by accident. Rather, like many economic disasters, they were the result of poor policy choices.In WRONG: Nine Economic Policy Disasters and What We Can Learn from Them, Richard Grossman examines nine of history's worst economic policy blunders of the last 250 years in order to learn why these policies were adopted and how they went so wrong. Considering events as diverse as trade policy inthe 18th century, famine relief policy in the 19th century, post-war reconstruction in the 20th century, and the subprime and sovereign debt crises in the 21st century, WRONG presents detailed post-mortem analyses of some of the world's most severe economic policy failures. Where do bad economic policies come from? The most glaring errors have been made when policy makers have been guided by ideology rather than cold, hard analysis. Presented clearly and jargon-free, Grossman's WRONG provides a valuable guide book for policy makers... and the citizens who electthem.
Richard S. Grossman is Professor of Economics at Wesleyan University.
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Title:WRONG: Nine Economic Policy Disasters and What We Can Learn from ThemFormat:HardcoverDimensions:288 pages, 8.25 × 5.5 × 0.98 inPublished:October 30, 2013Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199322198

ISBN - 13:9780199322190

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Table of Contents

PrefacePrologue1. Introduction2. How to Lose an Empire without Really trying: British Imperial Policy in North America3. Establish, Disestablish, Repeat: The First and Second Banks of the United States4. The Great Hunger: Famine in Ireland, 1846-18525. The Krauts Will Pay: German Reparations after World War I6. Shackled with Golden Fetters: Britain's Return to the Gold Standard, 1925-19317. Trading Down: The Smooth-Hawley Tariff, 19308. Why Didn't Anyone Pull the Andon Cord? Japan's Lost Decade9. The Worst Financial Crisis Since the Great Depression: The Subprime Meltdown10. I'm OK. Euro not OK?11. What Have We Learned? Where Do We Go From Here?Bibliography