From the Nobel Prize-winning author of Globalization and Its Discontents comes a corruscating analysis of the boom and bust of the 1990s - how and why it happened, how the seeds of destruction were sown in the midst of apparent prosperity, and how America and the world are still failing to learn the lessons from what went wrong.
The Roaring Nineties is in part the story of how the corrupt and greedy got their comeuppance. But Stiglitz also develops a convincing alternative to the free-market mantra. He shows why greed is not good and how if left unchecked it leads to deceptions, distortions and disasters. He argues that achieving the right balance between government and the market is the best way towards sustained growth and efficiency, and that both companies and economies must to some extent be regulated by trust and consideration for others. This isn't just good morality - it's good economics too.
Joe Stiglitz is the economist I want guarding my back if a bloody firefight is about to break out with free-market fundamentalists. -- John Leonard