The Roaring Nineties

Stiglitz, the Nobel Prize-winning economist and author of GLOBALIZATION AND ITS DISCONTENTS, argues that the economic assumptions of the 1990s were wrong and that, despite outward appearances (reduced poverty, lower inflation, job creation), these assumptions set the groundwork for the problems the US economy currently faces. Overall, the author emphasizes the importance of economic policies and advises that, though there will always be periods of boom and bust, policy must be a constant and a guide. Copyright (C) Muze Inc. 2005. For personal use only. All rights reserved.