LEADER 04845nam 2200733 a 450 001 9910822294803321 005 20240416113358.0 010 $a0-8014-6113-8 010 $a0-8014-6065-4 024 7 $a10.7591/9780801460654 035 $a(CKB)2550000000040570 035 $a(EBL)3138201 035 $a(SSID)ssj0000529838 035 $a(PQKBManifestationID)11345806 035 $a(PQKBTitleCode)TC0000529838 035 $a(PQKBWorkID)10557266 035 $a(PQKB)11064898 035 $a(StDuBDS)EDZ0001499142 035 $a(MiAaPQ)EBC3138201 035 $a(OCoLC)864900607 035 $a(MdBmJHUP)muse28717 035 $a(DE-B1597)478684 035 $a(OCoLC)979630436 035 $a(DE-B1597)9780801460654 035 $a(Au-PeEL)EBL3138201 035 $a(CaPaEBR)ebr10468080 035 $a(CaONFJC)MIL681763 035 $a(EXLCZ)992550000000040570 100 $a20110106d2011 uy 0 101 0 $aeng 135 $aur|||||||nn|n 181 $ctxt 182 $cc 183 $acr 200 10$aFailure by design $ethe story behind America's broken economy /$fJosh Bivens ; foreword by Lawrence Mishel 205 $a1st ed. 210 $aIthaca $cILR Press$d2011 215 $a1 online resource (116 p.) 225 0 $aEconomic Policy Institute 300 $aDescription based upon print version of record. 311 $a1-322-50481-4 311 $a0-8014-5015-2 320 $aIncludes bibliographical references (p. 99). 327 $tFront matter --$tTable of Contents --$tList of Figures --$tAcknowledgments --$tForeword --$tThe Great Recession: The damage done and the rot revealed --$tThe Great Recession's Trigger: Housing bubble leads to jobs crisis --$tThe Policy Response to the Great Recession: What was done, and did it work? --$tThe Great Recession Ended More Than a Year Ago- so, "Mission Accomplished"? --$tThe Cracked Foundation Revealed by the Great Recession --$tWhere to from Here? --$tBibliography --$tAbout EPI --$tAbout the Author 330 $aIn 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. 410 0$aEconomic Policy Institute/A State of Working America Publication 606 $aGlobal Financial Crisis, 2008-2009 606 $aFinancial crises$zUnited States$xHistory$y21st century 606 $aWorking class$zUnited States$xEconomic conditions$y21st century 607 $aUnited States$xEconomic conditions$y2001-2009 607 $aUnited States$xEconomic conditions$y2009- 615 0$aGlobal Financial Crisis, 2008-2009. 615 0$aFinancial crises$xHistory 615 0$aWorking class$xEconomic conditions 676 $a330.973 700 $aBivens$b Josh$01688309 701 $aMishel$b Lawrence$0143824 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910822294803321 996 $aFailure by design$94062437 997 $aUNINA