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About: Freefall: America, Free Markets, and the Sinking of the World Economy     Goto   Sponge   NotDistinct   Permalink

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Type: Thingbibo:Bookschema:Bookschema:CreativeWorkworkText (literary theory)wikidata:Q386724Bookbookwritten work New Facet based on Instances of this Class

Freefall: America, Free Markets, and the Sinking of the World Economy is a book on the causes and consequences of the Great Recession by economist and Nobel laureate Joseph E. Stiglitz, first published in 2010 by W. W. Norton & Company. While focusing on the roots of the financial crisis of 2007–2008 and the subsequent global economic slowdown, which he claims to find mainly in fiscal policy as conducted during the Bush presidency and decisions made by the Federal Reserve, Stiglitz also talks about the failure to cope with the recession during the months succeeding the Wall Street Crash of 2008. Finally, he sketches various schemes as to the possible future of the American economy, vigorously proposing a profound policy shift. In compliance with Stiglitz's general attitude towards economic