When The Money Runs Out: The End Of Western Affluence

Brand: Yale University Press
SKU: DADAX0300190522
ISBN : 9780300190526
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When the Money Runs Out: The End of Western Affluence

The Western world has experienced extraordinary economic progress throughout the last six decades, a prosperous period so extended that continuous economic growth has come to seem normal. But such an era of continuously rising living standards is a historical anomaly, economist Stephen D. King warns, and the current stagnation of Western economies threatens to reach crisis proportions in the not-so-distant future.Praised for the “dose of realism” he provided in his book Losing Control, King follows up in this volume with a plain-spoken assessment of where the West stands today. It’s not just the end of an age of affluence, he shows. We have made promises to ourselves that are achievable only through ongoing economic expansion. The future benefits we expect—pensions, healthcare, and social security, for example—may be larger than tomorrow’s resources. And if we reach that point, which promises will be broken and who will lose out? The lessons of history offer compelling evidence that political and social upheaval are often born of economic stagnation. King addresses these lessons with a multifaceted plan that involves painful—but necessary—steps toward a stable and just economic future.

Specifications of When the Money Runs Out: The End of Western Affluence

GENERAL
AuthorStephen D. King
BindingHardcover
LanguageEnglish
ISBN-100300190522
ISBN-139780300190526
PublisherYale University Press
Number Of Pages304
Publication Date2013-06-25
DIMENSIONS
Height9.48 inch.
Length6.54 inch.
Width1.21 inch.
Weight1.46 pounds.

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