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  • The Euro

    07/26/16   Book

    Joseph Stiglitz

    Can Europe prosper without the euro?

    In 2010, the 2008 global financial crisis morphed into the “eurocrisis.” It has not abated. The 19 countries of Europe that share the euro currency—the eurozone—have been rocked by economic stagnation and debt crises. Some countries have been in depression for years while the governing powers of the eurozone have careened from emergency to emergency, most notably in Greece.

    In The Euro, Nobel Prize–winning economist and best-selling author Joseph E. Stiglitz dismantles the prevailing consensus around…

  • Global Governance and Development

    07/20/16   Book

    José Antonio Ocampo (Editor)

    • In-depth analysis of the central issues of global cooperation
    • Examines global governance structures and the links between global governance and development
    • Considers the Post-2015 Development Agenda
  • Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth

    07/18/16   Book

    Giovanni Cozzi, Stephany Griffith-Jones, Mariana Mazzucato, Carlota Perez, Joseph Stiglitz

    Western capitalism is in crisis. For decades investment has been falling, living standards have stagnated or declined, and inequality has risen dramatically. Economic policy has neither reformed the financial system nor restored stable growth. Climate change meanwhile poses increasing risks to future prosperity.

    In this book some of the world’s leading economists propose new ways of thinking about capitalism. In clear and compelling prose, each chapter shows how today’s deep economic problems reflect the inadequacies of orthodox economic…

  • Too Little, Too Late

    05/04/16   Book

    Martin Guzman, José Antonio Ocampo, Joseph Stiglitz

    The current approach to resolving sovereign debt crises does not work: sovereign debt restructurings come too late and do too little. Though they impose enormous costs on societies, these restructurings are often not deep enough to provide the conditions for economic recovery (as illustrated by the Greek debt restructuring of 2012). And if the debtor decides not to accept the terms demanded by the creditors, finalizing a restructuring can be slowed by legal challenges (as evidenced in Argentina).
    A fresh start for distressed debtors is a…

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