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Author King, Stephen D., 1963-

Title When the money runs out : the end of western affluence / Stephen D. King
Published New Haven : Yale University Press, [2013]
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Description 1 online resource (x, 288 pages) : illustrations
Contents Whatever happened to the decades of plenty? -- Taking progress for granted -- The pain of stagnation -- Fixing a broken economy -- Stimulus junkies -- The limits to stimulus : lessons from history -- Loss of trust, loss of growth -- Three schisms -- From economic disappointment to political instability -- Dystopia -- Avoiding dystopia
Summary "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."--Provided by publisher
Bibliography Includes bibliographical references (pages 273-278) and index
Notes Print version record
Subject Wealth -- Great Britain -- History -- 20th century.
Wealth -- Great Britain -- History -- 21st century.
United Kingdom -- Economic conditions -- 20th century.
United Kingdom -- Economic conditions -- 21st century.
Genre/Form History.
Form Electronic book
ISBN 0300190522
0300194870 (electronic bk.)
9780300194876 (electronic bk.)