The Decline and Fall of the U.S. Economy - Wallace, William
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This highly original book puts the crash of 2008 into a broad perspective by digging deeply into the misguided theories behind the policies that allowed it to happen. Who was responsible for the 2008 crash? The Decline and Fall of the U.S. Economy: How Liberals and Conservatives Both Got It Wrong makes it clear that both parties were at faul-and explains how and why. This broad and far-reaching book is the first to analyze the crash from the perspective of evolution, or "punctuated equilibrium." As it explains, the punctuated boom brings on change, the bust leads back to a tightly constrained…mehr

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Produktbeschreibung
This highly original book puts the crash of 2008 into a broad perspective by digging deeply into the misguided theories behind the policies that allowed it to happen. Who was responsible for the 2008 crash? The Decline and Fall of the U.S. Economy: How Liberals and Conservatives Both Got It Wrong makes it clear that both parties were at faul-and explains how and why. This broad and far-reaching book is the first to analyze the crash from the perspective of evolution, or "punctuated equilibrium." As it explains, the punctuated boom brings on change, the bust leads back to a tightly constrained equilibrium. Both conditions pose risks and both-as William McDonald Wallace argues-can be managed to reduce the odds that economic imbalances will arise. Focusing on the policies that created bubbles in housing, stocks, and more, Wallace pinpoints historical events that gave rise to unrealistic theories and ideologies, showing how they, in turn, gave rise to policies that led to collapse. He explains how Darwin's now-discredited theory of "uniformitarianism" (evolution as a continuous, smooth process) led economists to ignore how evolution actually influences economies and economic behavior, and he shows what we can do so it doesn't happen again.
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Autorenporträt
William Wallace (1844-1897) was a prominent Scottish philosopher and classical scholar best known for his contributions to the study of Hegelian philosophy. Educated at the University of St Andrews and Balliol College, Oxford, Wallace became a leading figure in the academic world, particularly in the study and interpretation of German Idealism. His deep interest in Hegel led him to translate and comment on Hegel's works, making them more accessible to English-speaking audiences. Wallace's most significant work, Prolegomena to the Study of Hegel's Philosophy and Especially of His Logic, reflects his scholarly dedication to unpacking the complexities of Hegel's thought, especially his dialectical method and logic. Wallace's approach combined rigorous philosophical analysis with a keen understanding of Hegel's broader metaphysical and epistemological systems. In addition to his work on Hegel, Wallace was a dedicated educator, holding the position of White's Professor of Moral Philosophy at Oxford University from 1882 until his death. He influenced a generation of students and scholars through his teaching and writings. Wallace's contributions to philosophy, particularly his efforts to bridge the gap between British and German philosophical traditions, have left a lasting impact on the study of Hegel and 19th-century philosophy.