Author:Joseph Stiglitz
From the author of Globalization and its Discontents, Joseph Stiglitz's The Roaring Nineties: Why We're Paying the Price for the Greediest Decade in History blows the whistle on the devastation wrought by the free market mania of the nineties.
This is the explosive story of how capitalism US-style got its comeuppance: how excessive deregulation, government pandering to big business and exorbitant CEO salaries all fed the bubble that burst so dramatically amid corporate scandal and anti-globalization protest.
As chief economic advisor to the president at the time, Stiglitz exposes the inside of what went wrong, but also reveals how Bush's administration is now making things worse - much worse - for the economy, the US and the rest of the world. Stiglitz takes us one step further, showing how a more balanced approach to the market and government can lead not only to a better economy, but a better society.
'A searing critique of Dubyanomics ... the nobel laureate who took on the IMF is now turning his guns on the American president. Stiglitz knows when to pick a fight'
Observer
'One of the most important economic and political thinkers of our time'
Independent on Sunday
'Stiglitz has become a hero to the anti-globalization movement'
Economist
'An iconic figure ... Stiglitz's book will encourage those who wish to halt the partial Americanization that has already taken place in Europe'
Daily Telegraph
Joseph Stiglitz was Chief Economist at the World Bank until January 2000. He is currently University Professor of the Columbia Business School and Chair of the Management Board and Director of Graduate Summer Programs, Brooks World Poverty Institute, University of Manchester. He won the Nobel Prize for Economics in 2001 and is the author of the best-selling Globalization and Its Discontents, Making Globalization Work, Freefall and The Price of Inequality, all published by Penguin.
Essential reading .... As attempts to address the crisis are still inadequate - indeed, some government policies are making it worse - and as it shows little sign of improving in the near future, the facts of this human catastrophe can't be stated too much or too strongly. The first achievement of Anna Minton's book Big Capital is to do just that
—— Rowan Moore , ObserverTimely and relevant ... I can't recommend it enough
—— Josie LongAnna Minton goes digging into the housing crisis in London and beyond. She gives us an account that indicates the crisis was made through decisions and wilful distortions ... reads like a sort of murder mystery, fully exposed
—— Saskia Sassen , author of ExpulsionsDiligent and determined ... Eye-opening ... Minton builds a powerful case ... A call to imagine what is politically possible
—— Richard Godwin , Evening StandardFierce, incisive, important. Anyone who lives or works in a building should read this book
—— Will SelfA studied, sustained attack on a market that has been mishandled by successive governments for 40 years, not because politicians have been unable to remedy it but because it has been expedient not to. It makes for painful - yet compelling - reading
—— Nathan Brooker , Financial TimesPowerfully written ... It's hard not to come away with a fresh sense of outrage
—— Matthew Partridge , MoneyweekCutting through the jargon and spin [Minton] argues that housing is a human right, not purely a financial asset, and offers clear-sighted solutions
—— Antonia Charlesworth , Big IssueBig Capital adds to what must be a commitment to change. It lays out clearly that the struggle for space will be at the top of the agenda within large cities
—— Lisa Mckenzie, Research Fellow in the Department of Sociology, London School of EconomicsIn a world increasingly dominated by global multinationals, he just felt someone had to speak out
—— Sunday TimesHe lost his job for his integrity
—— The EconomistMichael Woodford could have spent years turning a blind eye to the shady dealings of executives at Olympus. Instead he dove headfirst into allegations of corporate misconduct
—— TimeMichael Woodford has proven himself a hero, though he never wanted the battle. He risked everything
—— Clive Stafford SmithA gripping chronicle by a corporate whistle-blower who achieved a stunning victory
—— KirkusHe is one of the few foreign businessmen to have penetrated deep inside a Japanese corporation and to report back unflinchingly on what he saw. What he found was not pretty
—— Financial TimesIn this riveting, well-written expose, Shaxson goes deep into the largely unexamined realm of offshore money. In the process, he reveals that this shadow world is no mere sideshow, but is troublingly central to modern finance, with the US and the UK as leaders. The resulting abuses are widespread, ranging from tax revenue stripping from African nations to individuals and corporations escaping enforcement and accountability. A must read for anyone who wants to understand the hidden reasons why financial services firms have become so powerful and impossible to reform
—— Yves Smith, creator of Naked Capitalism and author of EconnedThey who sold us globalisation as a way of the whole world getting richer with fair rules, cheated us by letting the rich and powerful go "offshore". This gripping exposé should help end the scandal
—— Anthony Barnett, founder of openDemocracyPossibly the most important political book that I have read since The Spirit Level
—— Stuart Weir, co-founder of Charter 88, former editor of the New StatesmanHe has prised the lid off an important and terrifying can of worms
—— Martin Vander Weyer , Literary ReviewLively and well written book
—— Toby Young , Mail on SundayA welcome account of how the sun is never allowed to set on the British empire's old islands, whose fiscal pirates hoard the tax-free treasures of the rich
—— Geoffrey Robertson , New Statesman, Books of the YearShaxson delves into capitalism's secret nooks and tells us about how a culture of secrecy can perpetuate itself. Very interesting
—— William Leith , Evening StandardA compelling read [...] an important and very much a live topic, it'll take you a few hours to read the book but it will be a worthwhile investment of time
—— Peter Magee , BookbagWhat makes this such a good read for the layman is that the author employs all his journalistic skill (he used to work at Reuters) to illustrate his arguments and uses real examples to real examples to illustrate complex issues
—— John Arlidge , Sunday TimesThis book is a must-read for anyone who wants to understand the world we live in
—— Brian Maye , Irish TimesThis engrossing book about the offshore banking racket, with its eye-opening scrutiny of tax havens and the suited scoundrels who profit from them, will make you think again about the murkier side of the City...This first-rate forensic work ends with a plea that the closed City "must be abolished and submerged into a...fully democratic London"
—— Boyd Tonkin , Independent[An] informed polemic against finance capital
—— Oliver Kamm , The TimesNow more than a decade old, this is still the best introduction to the world of tax havens
—— Economist, *Summer Reads of 2022*