No Way to Run an Economy Why the System Failed and How to Put it Right

by Turner, Graham

• ISBN13: 9780745329765
• ISBN10: 0745329764
• Format: Paperback
• Copyright: 2009-10-15
• Publisher: UCP

Summary

In The Credit Crunch, Graham Turner predicted that banks would be nationalised and interest rates would be reduced too slowly to halt the were correct. His new book, No Way to Run an Economy, is the essential guide to the turbulent times ahead. Turner recommended radical measures, such as quantitative easing, in early 2008 but argues that action has been taken too late and been too difference. He dissects the policy mistakes of the last 12 months including Obama's doomed market-led response to the crisis and the obsession with the red herring of inflation. Turner also warns that the collapse of Eastern European economies will lead to political crisis in the ex-Soviet neoliberalism and massive debt levels so fully.

Author Biography

Graham Turner is the author of the critically acclaimed and highly successful book The Credit Crunch. His writing regularly features in the Guardian and he has appeared on many national television and radio programs including, Newsnight, Channel 4 News and Today. He is the founder of GFC Economics, an independent economic consultancy which provides forecasting services for some of the world's largest financial organizations. He has worked in the financial sector for over 20 years, spending the 1990s working for Japanese banks.

Table of Contents

List of Tables and Figures	p. vi
Glossary	p. ix
GFC Economics	p. xiii
Acknowledgements	p. xiv
Introduction	p. 1
From Bear Stearns to Recession	p. 12
Learning from the Great Depression	p. 43
Policy Mistakes in the 2008/09 Bear Market	p. 63
Globalisation and the Race to the Bottom	p. 97
Structural Causes of the Recession	p. 112
A Flawed Economic System?	p. 140
Obama's Crisis?	p. 148
Breaking with the Past	p. 163
Notes	p. 178
Index	p. 213
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