When the Money Runs Out: The End of Western Affluence

King, Stephen D.

ISBN 10: 0300190522 / ISBN 13: 9780300190526

Published by Yale University Press, 2013

About this Item

Good: A book that has been read but is in good condition. Very minimal damage to the cover including scuff marks, but no holes or tears. The dust jacket for hard covers may not be included. Binding has minimal wear. The majority of pages are undamaged with minimal creasing or tearing, minimal pencil underlining of text, highlighting of text, writing in margins. No missing pages.

Seller Inventory # mon0000008071

Bibliographic Details

• Title: When the Money Runs Out: The End of Western Affluence
• Publisher: Yale University Press
• Publication Date: 2013
• Language: English
• ISBN 10: 0300190522
• ISBN 13: 9780300190526
• Binding: hardcover
• Edition: 5th or later Edition
• Condition: Good
• Dust Jacket Condition: Dust Jacket Included

About this title

Synopsis

The Western world has experienced extraordinary economic progress throughout the last six decades, a prosperous period so extended that continuous economic growth has come to seem normal. But such an era of continuously rising living standards is a historical anomaly, economist Stephen D. King warns, and the current stagnation of Western economies threatens to reach crisis proportions in the not-so-distant future.

 

Praised for the “dose of realism” he provided in his book Losing Control, King follows up in this volume with a plain-spoken assessment of where the West stands today. It’s not just the end of an age of affluence, he shows. We have made promises to ourselves that are achievable only through ongoing economic expansion. The future benefits we expect—pensions, healthcare, and social security, for example—may be larger than tomorrow’s resources. And if we reach that point, which promises will be broken and who will lose out? The lessons of history offer compelling evidence that political and social upheaval are often born of economic stagnation. King addresses these lessons with a multifaceted plan that involves painful—but necessary—steps toward a stable and just economic future.

About the Author

Stephen D. King is Group Chief Economist and Global Head of Economics and Asset Allocation research at HSBC. He lives in London.