First published 2003
Joseph Stiglitz examines the economic boom of the 1990s and reveals the underlying problems that led to later financial crises. The Nobel Prize-winning economist argues that what appeared to be genuine prosperity was actually built on weakened oversight and loosened regulations. Stiglitz shows how diminished accounting standards created an illusion of success while setting the stage for economic troubles that would follow. He dissects the policies and practices that made the decade's growth unsustainable. The book connects the dots between deregulation efforts and the financial instability that emerged afterward. Stiglitz offers readers a clear analysis of how apparent economic success can mask systemic vulnerabilities.
Genres: 20th-century, business, economics, 21st-century, finance, accounting, academic, american-history
Vibes: thought-provoking
Tropes: informed-consent
Period: 1990s
410 pages · Hardcover · W W Norton & Co Inc