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
Phoenix, US
★★★★★ 5
They are socks
Size: Large, Color: White (6-pairs)
It’s UA and they’re socks. They go on your feet and stay there.
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Reviewed in the United States on June 28, 2025
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Jenn C
Omaha, US
★★★★★ 5
So comfortable
Size: Large, Color: White (6-pairs)
They are so comfortable on my feet. Not thin but not so thick your feet are hot. Very comfy and well made. Socks that will last.
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Reviewed in the United States on May 21, 2024
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Mike Reading
Louisville, US
★★★★★ 5
Fit like a glove… on your feet!
Size: Large, Color: White (6-pairs)
There socks! What else can I say?! Good fit! Good feel! Good quality! A little more on the thicker than thinner side, so if you want a really thin white ankle maybe go another direction.
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Reviewed in the United States on June 1, 2024
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Randy Deasy
Draper, US
★★★★★ 5
Not to thick or thin well made
Size: Medium, Color: (601) Bittersweet Pink / Stone / Stone
I bought pink so as not to lose when doing laundry with my daughter who steels all socks lol!
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Reviewed in the United States on May 8, 2026
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Stacey Cohick
Port Orchard, US
★★★★★ 5
Perfect
Size: X-Large, Color: (601) Bittersweet Pink / Stone / Stone
They were perfect
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Reviewed in the United States on April 27, 2026

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