Here Stiglitz gives real, concrete ways to deal with third world debt, make trade fair, heal the hurt caused by economic ‘shock therapy’ and tackle global warming. He also shows how powerful organizations such as the IMF and World Bank can be made to consider everyone’s interests. Another world is possible, he argues, and is not only morally right but ultimately will benefit all of us.
This acclaimed and inspiring book, by one of the world’s leading economic thinkers, dissects the flawed ideas that led to the crisis, but also looks to the future. Drawing on his years spent shaping policy at the World Bank, Nobel Laureate Joseph Stiglitz shows why far more radical reforms are needed to avoid future crises, why the cost of recovery should be borne by the financial sector, and how we now have the opportunity to create a new global economic order.
Out of the crisis of our times, Stiglitz has written a convincing, coherent and humane account that goes to the heart of how economics and societies work.
[updated Penguin edition]
