Title: The age of austerity : the global financial crisis and the return to economic growth /
Authors: Schoenbaum, Thomas J.
Publisher: Edward Elgar,
Year: 2012
Subjects: Global Financial Crisis, 2008-2009; Financial institutions Law and legislation United States; Financial crises United States; United States Economic policy
Abstract: The book begins with a detailed breakdown of the financial crisis and the government response in the United States, with particular focus on the Dodd-Frank Wall Street Reform and Consumer Protection Act. The author then puts forth a basic three-part plan calling for (1) fundamental tax and entitlement reform; (2) massive economic stimulus in the form of public and private investment to modernize the country's aging infrastructures; and (3) mortgage relief to revitalize the nation's housing markets. The book concludes with specific policy proposals designed to achieve these goals and return the US economy to a state of full employment and robust economic growth.
Contents: 1. An historic turning point -- 2. The course of the crisis -- 3. Causes -- 4. Emergency fiscal and monetary measures -- 5. International reforms -- 6. The regulatory answer -- 7. Assaulting austerity -- 8. A reprise of the argument.