How Do We Fix This Mess? The Economic Price of Having it all, and the Route to Lasting Prosperity

The Economic Price of Having it All, and The Route to Lasting Prosperity

Business & Finance, Finance & Investing, Banks & Banking, Finance
Cover of the book How Do We Fix This Mess? The Economic Price of Having it all, and the Route to Lasting Prosperity by Robert Peston, Hodder & Stoughton
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Author: Robert Peston ISBN: 9781444757118
Publisher: Hodder & Stoughton Publication: September 27, 2012
Imprint: Hodder & Stoughton Language: English
Author: Robert Peston
ISBN: 9781444757118
Publisher: Hodder & Stoughton
Publication: September 27, 2012
Imprint: Hodder & Stoughton
Language: English

'Robert Peston's compelling account of global financial meltdown is a must-read..' - The Observer

Former economics editor of BBC news explains the recent global economic mess and how to escape it - in his characteristically straightforward way.

'How do we fix this mess? I don't know. But don't stop reading now. Perhaps if we have a clearer understanding of what went wrong, we'll have a better idea of what needs to be done. This book is a map of what needs to be fixed.'

The record-breaking unbroken growth between 1992 and 2008 wasn't the economic miracle that it seemed. It was based on a number of dangerous illusions - most notably that it didn't matter that the UK and US year after year consumed more than they earned.

But we couldn't go on increasing our indebtedness forever. The financial crash of 2007/8 and the subsequent economic slump in much of the west was the moment when we realised we had borrowed more than we could afford to repay.

So who got it wrong? Bankers, investors and regulators? And were they greedy, stupid or asleep? What was the role of government? And what part did we, as consumers, play in all this?

How do we get through this difficult period of transition to a more sustainable economy, one based on investment and exports, rather than on borrowing and consumption? With the same probing lucidity he brought to WHO RUNS BRITAIN?, Robert Peston takes us step-by-step towards a common sense way to fix this mess.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

'Robert Peston's compelling account of global financial meltdown is a must-read..' - The Observer

Former economics editor of BBC news explains the recent global economic mess and how to escape it - in his characteristically straightforward way.

'How do we fix this mess? I don't know. But don't stop reading now. Perhaps if we have a clearer understanding of what went wrong, we'll have a better idea of what needs to be done. This book is a map of what needs to be fixed.'

The record-breaking unbroken growth between 1992 and 2008 wasn't the economic miracle that it seemed. It was based on a number of dangerous illusions - most notably that it didn't matter that the UK and US year after year consumed more than they earned.

But we couldn't go on increasing our indebtedness forever. The financial crash of 2007/8 and the subsequent economic slump in much of the west was the moment when we realised we had borrowed more than we could afford to repay.

So who got it wrong? Bankers, investors and regulators? And were they greedy, stupid or asleep? What was the role of government? And what part did we, as consumers, play in all this?

How do we get through this difficult period of transition to a more sustainable economy, one based on investment and exports, rather than on borrowing and consumption? With the same probing lucidity he brought to WHO RUNS BRITAIN?, Robert Peston takes us step-by-step towards a common sense way to fix this mess.

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