04845nam 2200733 a 450 991082229480332120240416113358.00-8014-6113-80-8014-6065-410.7591/9780801460654(CKB)2550000000040570(EBL)3138201(SSID)ssj0000529838(PQKBManifestationID)11345806(PQKBTitleCode)TC0000529838(PQKBWorkID)10557266(PQKB)11064898(StDuBDS)EDZ0001499142(MiAaPQ)EBC3138201(OCoLC)864900607(MdBmJHUP)muse28717(DE-B1597)478684(OCoLC)979630436(DE-B1597)9780801460654(Au-PeEL)EBL3138201(CaPaEBR)ebr10468080(CaONFJC)MIL681763(EXLCZ)99255000000004057020110106d2011 uy 0engur|||||||nn|ntxtccrFailure by design the story behind America's broken economy /Josh Bivens ; foreword by Lawrence Mishel1st ed.Ithaca ILR Press20111 online resource (116 p.)Economic Policy InstituteDescription based upon print version of record.1-322-50481-4 0-8014-5015-2 Includes bibliographical references (p. 99).Front matter --Table of Contents --List of Figures --Acknowledgments --Foreword --The Great Recession: The damage done and the rot revealed --The Great Recession's Trigger: Housing bubble leads to jobs crisis --The Policy Response to the Great Recession: What was done, and did it work? --The Great Recession Ended More Than a Year Ago- so, "Mission Accomplished"? --The Cracked Foundation Revealed by the Great Recession --Where to from Here? --Bibliography --About EPI --About the AuthorIn Failure by Design, the Economic Policy Institute's Josh Bivens takes a step back from the acclaimed State of Working America series, building on its wealth of data to relate a compelling narrative of the U.S. economy's struggle to emerge from the Great Recession of 2008. Bivens explains the causes and impact on working Americans of the most catastrophic economic policy failure since the 1920's.As outlined clearly here, economic growth since the late 1970's has been slow and inequitably distributed, largely as a result of poor policy choices. These choices only got worse in the 2000's, leading to an anemic economic expansion. What growth we did see in the economy was fueled by staggering increases in private-sector debt and a housing bubble that artificially inflated wealth by trillions of dollars. As had been predicted, the bursting of the housing bubble had disastrous consequences for the broader economy, spurring a financial crisis and a rise in joblessness that dwarfed those resulting from any recession since the Great Depression. The fallout from the Great Recession makes it near certain that there will be yet another lost decade of income growth for typical families, whose incomes had not been boosted by the previous decade's sluggish and localized economic expansion. In its broad narrative of how the economy has failed to deliver for most Americans over much of the past three decades, Failure by Design also offers compelling graphical evidence on jobs, incomes, wages, and other measures of economic well-being most relevant to low- and middle-income workers. Josh Bivens tracks these trends carefully, giving a lesson in economic history that is readable yet rigorous in its analysis. Intended as both a stand-alone volume and a companion to the new State of Working America website that presents all of the data underlying this cogent analysis, Failure by Design will become required reading as a road map to the economic problems that confront working Americans.Economic Policy Institute/A State of Working America PublicationGlobal Financial Crisis, 2008-2009Financial crisesUnited StatesHistory21st centuryWorking classUnited StatesEconomic conditions21st centuryUnited StatesEconomic conditions2001-2009United StatesEconomic conditions2009-Global Financial Crisis, 2008-2009.Financial crisesHistoryWorking classEconomic conditions330.973Bivens Josh1688309Mishel Lawrence143824MiAaPQMiAaPQMiAaPQBOOK9910822294803321Failure by design4062437UNINA