Epic Recession - Prelude to Global Depression

Informationen zum Autor Jack Rasmus is a Professor of Economics at St Marys College and Santa Clara University, both in California. He is author of Obama's Economy: Recovery for the Few (Pluto, 2012) and Epic Recession: Prelude to Global Depression (Pluto, 2010). He has been a business economist, market analyst and vice-president of the National Writers Union. Klappentext The US is still in deep trouble. Banks are sustained by trillions of government dollars! unemployment is approaching 25 million and the long-term future of the economy is in doubt. In Epic Recession! Jack Rasmus shows that we need a new way of understanding the crisis if things are to improve. Rasmus interrogates US economic history to show that the current predicament is what he terms an 'Epic Recession'! neither a full-blown depression or a short-lived period of contraction followed by a swift return to growth. He then shows that the only way to prevent the onset of depression is to radically restructure the economy through a massive job creation program! nationalisations! a fundamentally new kind of banking structure and a long-term redistribution of income through better healthcare and benefit systems. Epic Recession provides a rallying point for trade unionists and concerned citizens who want to ensure that any recovery is felt further than Wall street. Zusammenfassung A fresh perspective on the economic crisis that argues that we are experiencing a recession on an unprecedented scale

Product details

• Authors: Jack Rasmus, Jack (Santa Clara University) Rasmus, Rasmus Jack
• Publisher: Pluto
• Languages: English
• Product format: Paperback / Softback
• Released: 12.05.2010
• EAN: 9780745329987
• ISBN: 978-0-7453-2998-7
• No. of pages: 352
• Subjects: Social sciences, law, business > Political science > Political science and political education; BUSINESS & ECONOMICS / Economic History, BUSINESS & ECONOMICS / Economics / Theory, Economic theory & philosophy, Economic & financial crises & disasters, Economic and financial crises and disasters, Economic theory and philosophy