Research Catalog

The leaderless economy : why the world economic system fell apart and how to fix it

Title
The leaderless economy : why the world economic system fell apart and how to fix it / Peter Temin and David Vines.
Author
Temin, Peter.
Publication
Princeton : Princeton University Press, [2013]

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TextUse in library JBE 16-375Schwarzman Building M2 - General Research Room 315

Details

Additional Authors
Vines, David.
Description
315 pages : illustrations; 24 cm
Summary
The Leaderless Economy reveals why international financial cooperation is the only solution to today's global economic crisis. In this timely and important book, Peter Temin and David Vines argue that our current predicament is a catastrophe rivaled only by the Great Depression. Taking an in-depth look at the history of both, they explain what went wrong and why, and demonstrate why international leadership is needed to restore prosperity and prevent future crises. Temin and Vines argue that the financial collapse of the 1930s was an "end-of-regime crisis" in which the economic leader of the nineteenth century, Great Britain, found itself unable to stem international panic as countries abandoned the gold standard. They trace how John Maynard Keynes struggled for years to identify the causes of the Great Depression, and draw valuable lessons from his intellectual journey. Today we are in the midst of a similar crisis, one in which the regime that led the world economy in the twentieth century--that of the United States--is ending. Temin and Vines show how America emerged from World War II as an economic and military powerhouse, but how deregulation and a lax attitude toward international monetary flows left the nation incapable of reining in an overleveraged financial sector and powerless to contain the 2008 financial panic. Fixed exchange rates in Europe and Asia have exacerbated the problem. The Leaderless Economy provides a blueprint for how renewed international leadership can bring today's industrial nations back into financial balance--domestically and between each other.
Subjects
Bibliography (note)
  • Includes bibliographical references (pages 283-297) and index.
Contents
The world economy is broken -- The British century and the Great Depression -- Keynes from the Macmillan Committee to Bretton Woods -- The American century and the global financial crisis -- Restoring international balance in Europe -- Restoring international balance in the world -- Using theory to learn from history.
Call Number
JBE 16-375
ISBN
  • 9780691157436
  • 069115743X
LCCN
  • 2012032589
  • 40021910609
  • 9780691157436
OCLC
808316441
Author
Temin, Peter.
Title
The leaderless economy : why the world economic system fell apart and how to fix it / Peter Temin and David Vines.
Publisher
Princeton : Princeton University Press, [2013]
Type of Content
text
Type of Medium
unmediated
Type of Carrier
volume
Bibliography
Includes bibliographical references (pages 283-297) and index.
Chronological Term
2008 - 2009
Added Author
Vines, David.
Other Standard Identifier
40021910609
9780691157436
Research Call Number
JBE 16-375
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