False Profits by Dean Baker
Despite reports that the recession may be over, the unemployment rate is more than ten percent and home foreclosures are at a record high. It's no secret that the U. S. economy is in shambles because of the recent housing bubble. However, according to Dean Baker, Co-Director of the Center for Economic and Policy Research, the people who looked the other way as the eight trillion dollar housing bubble grew unchecked are trying to rewrite history by downplaying the impact of the bubble. In Baker's new book, False Profits: Recovering from the Bubble Economy, he recounts the strategies used by the country's top economic policymakers to keep the American public unaware of their failure to recognize the housing bubble and to take steps to rein it in before it grew to unprecedented levels, resulting in the loss of millions of jobs, homes, and the life savings for tens of millions of people.
“Simply the best succinct explanation of the causes, cures, dynamics, and politics of the financial crisis—an indispensible book”—Robert Kuttner, coeditor, The American Prospect
Dean Baker is an American macroeconomist and co-founder of the Center for Economic Policy Research. He previously was a senior economist at the Economic Policy Institute and an assistant professor of economics at Bucknell University. He has a Ph.D. in economics from the University of Michigan.
| SKU | Unavailable |
| ISBN 13 | 9780982417126 |
| ISBN 10 | 0982417128 |
| Title | False Profits |
| Author | Dean Baker |
| Condition | Unavailable |
| Binding Type | Paperback |
| Publisher | PoliPointPress, LLC |
| Year published | 2011-02-01 |
| Number of pages | 192 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |