Against the Consensus: Reflections on the Great Recession
Justin Yifu Lin
(Author)
Description
In June 2008, Justin Yifu Lin was appointed Chief Economist of the World Bank, right before the eruption of the worst global financial and economic crisis since the Great Depression. Drawing on experience from his privileged position, Lin offers unique reflections on the cause of the crisis, why it was so serious and widespread, and its likely evolution. Arguing that conventional theories provide inadequate solutions, he proposes new initiatives for achieving global stability and avoiding the recurrence of similar crises in the future. He suggests that the crisis and the global imbalances both originated with the excess liquidity created by US financial deregulation and loose monetary policy, and recommends the creation of a global Marshall Plan and a new supranational global reserve currency. This thought-provoking book will appeal to academics, graduate students, policy makers, and anyone interested in the global economy.Product Details
Price
$37.00
$34.41
Publisher
Cambridge University Press
Publish Date
July 04, 2013
Pages
273
Dimensions
6.2 X 9.1 X 0.7 inches | 1.2 pounds
Language
English
Type
Hardcover
EAN/UPC
9781107038875
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About the Author
Justin Yifu Lin is Professor and Director at the Center for New Structural Economics, and Professor and Honorary Dean at the National School of Development at Peking University, Beijing. He is Vice Chairman of the All-China Federation of Industry and Commerce, and was the Senior Vice President and Chief Economist of the World Bank from 2008-12. Prior to joining the World Bank, Lin served for fifteen years as Founding Director and Professor of the China Centre for Economic Research (CCER) at Peking University. He is the author of twenty-four books, including Against the Consensus: Reflections on the Great Recession (Cambridge, 2013), The Quest for Prosperity: How Developing Economies Can Take Off (2012), New Structural Economics: A Framework for Rethinking Development and Policy (2012), Demystifying the Chinese Economy (Cambridge, 2011), Benti and Changwu: Dialogues on Methodology in Economics (2012), and Economic Development and Transition: Thought, Strategy, and Viability (Cambridge, 2009).
Reviews
"... Yifu Lin has written a superb appraisal which allows us a bird's eye view of the world economy as it stands - or rather, flutters, today. Against the Consensus' two concluding sentences say it all: 'The time is right for reforming the international monetary system. WE should seize it now, before another crisis deals the system a lethal blow.' "
Cambridge Business
Cambridge Business