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The age of oversupply : overcoming the greatest challenge to the global economy

Author: Daniel Alpert, (Economist)
Publisher: New York, New York : Portfolio/Penguin, [2013]
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
"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
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Alpert, Daniel (Economist).
Age of oversupply
(DLC) 2013024874
(OCoLC)855362488
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Daniel Alpert, (Economist)
ISBN: 9781101601631 1101601639
OCLC Number: 859865363
Description: 1 online resource (280 pages) : illustrations
Responsibility: Daniel Alpert.

Abstract:

"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"--

"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"--

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