SKU: 4343427190

Lost Decades: The Making of America's Debt Crisis and the Long Recovery

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Lost Decades: The Making of America's Debt Crisis and the Long RecoveryThe U. S. economy lost the first decade of the twenty first century to an ill conceived boom and subsequent bust. It is in danger of losing another decade to the stagnation of an incomplete recovery. How did this happen? Read this lucid explanation of the origins and long term effects of the recent financial crisis, drawn in historical and comparative perspective by two leading political economists. By 2008 the United States had become the biggest

The U.S. economy lost the first decade of the twenty-first century to an ill-conceived boom and subsequent bust. It is in danger of losing another decade to the stagnation of an incomplete recovery. How did this happen? Read this lucid explanation of the origins and long-term effects of the recent financial crisis, drawn in historical and comparative perspective by two leading political economists.

By 2008 the United States had become the biggest international borrower in world history, with more than two-thirds of its $6 trillion federal debt in foreign hands. The proportion of foreign loans to the size of the economy put the United States in league with Mexico, Indonesia, and other third-world debtor nations. The massive inflow of foreign funds financed the booms in housing prices and consumer spending that fueled the economy until the collapse of late 2008. This was the most serious international economic crisis since the Great Depression of the 1930s.

Menzie Chinn and Jeffry Frieden explain the political and economic roots of this crisis as well as its long-term effects. They explore the political strategies behind the Bush administration's policy of funding massive deficits with foreign borrowing. They show that the crisis was foreseen by many and was avoidable through appropriate policy measures. They examine the continuing impact of our huge debt on the continuing slow recovery from the recession. Lost Decades will long be regarded as the standard account of the crisis and its aftermath.



Binding Type: Paperback
Publisher: W. W. Norton & Company
Published: 10/01/2012
ISBN: 9780393344103
Pages: 284
Weight: 0.55lbs
Size: 8.10h x 5.40w x 0.80d
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SKU: 4343427190

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Amazon Customer
San Leandro, US
★★★★★ 5
Great shelf
Color: Rustic Brown, Size: 31.5 Inch, Color: Rustic Brown, Size: 31.5 Inch
For someone who has ZERO counter space and a ton of empty wall space, this is PERFECT! The install was easier then expected (if I installed it right because I’m just a girl) but very eye appealing, great for storage and decoration, great deal for the price!
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Reviewed in the United States on May 20, 2026
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Christina Noble
Fort Morgan, US
★★★★★ 5
Looks great in my window
Color: Rustic Brown, Size: 31.5 Inch, Color: Rustic Brown, Size: 31.5 Inch
Fits pretty well, had to slightly put it in an angle for it to fit on the frame of the window, overall easy to put together and looks great
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Reviewed in the United States on April 9, 2026
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Tiffany
Los Angeles, US
★★★★★ 5
Wall shelf
Color: Rustic Brown, Size: 31.5 Inch, Color: Rustic Brown, Size: 31.5 Inch
Nice shelf. Easy to assemble.
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Reviewed in the United States on April 16, 2026
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Johnny C
Louisville, US
★★★★★ 5
Nice and sturdy
Very easy to assemble and sturdy. Exactly what we were looking for. The only complaint is that the anchors that came with it did not work properly, we used our own.
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Reviewed in the United States on November 23, 2025
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Amazon Customer
Lake Worth, US
★★★★★ 5
Sturdy
Was very easy to install. The shelf looks very nice on my kitchen wall.
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Reviewed in the United States on March 28, 2026

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