Overview
The 2008 recession left the United States in deep trouble. With unemployment levels approaching 25 million and banks sustained by trillions of government dollars, are governments and economists understanding the crisis correctly? Examining US economic history, Jack Rasmus reveals how the 2008 global financial crisis is an 'epic recession'. This 'epic recession' is neither a full-blown depression nor a short-lived period of economic contraction, followed by a swift return to growth, instead it demands the radical restructuring of the economy through a massive job creation program, nationalisation, a fundamentally different banking structure and a long-term redistribution of income, through better healthcare and benefit systems. This is a rallying call for trade unionists and radicals who want to ensure that any recession recovery is felt further than Wall Street.
Full Product Details
Author: Jack Rasmus (Santa Clara University)
Publisher: Pluto Press
Imprint: Pluto Press
Dimensions:
Width: 15.00cm
, Height: 2.50cm
, Length: 23.00cm
Weight: 0.509kg
ISBN: 9780745329987
ISBN 10: 0745329985
Pages: 352
Publication Date: 12 May 2010
Audience:
Professional and scholarly
,
College/higher education
,
Professional and scholarly
,
Professional & Vocational
,
Undergraduate
Format: Paperback
Publisher's Status: Out of Stock Indefinitely
Availability: Out of stock
Reviews
Extensive research, thoughtful analysis and articulate writing have created a great book. Jack Rasmus doesn't just talk about the economic catastrophe of the last two years he identifies the problems, the root causes, and offers sound and insightful solutions. Epic Recesssion should be required reading for anyone who has a responsibility in formulating public policy. -- Chuck Mack, International Vice-President, International Brotherhood of Teamsters
Extensive research, thoughtful analysis and articulate writing have created a great book. Jack Rasmus doesn't just talk about the economic catastrophe of the last two years he identifies the problems, the root causes of the problems and offers sound and insightful solutions. Epic Recession: Prelude to Global Depression should be required reading for anyone who has a responsibility in formulating public policy. Not that they would adopt any or all of Rasmus' alternative program, but at least they couldn't say they weren't warned. —Chuck Mack, International Vice-President, International Brotherhood of Teamsters<br>
Author Information
Jack Rasmus is a Professor of Economics at St Marys College and Santa Clara University, both in California. He is author of Obama's Economy: Recovery for the Few (Pluto, 2012) and Epic Recession: Prelude to Global Depression (Pluto, 2010). He has been a business economist, market analyst and vice-president of the National Writers Union.
