The Age of Diminished Expectations, Third Edition

This Edition Looks At How Risky Behaviour Can Lead To Disaster In Private Markets, With Colourful Examples From Lloyd's Of London And Sumitomo Metals. Krugman Also Considers The Collapse Of The Mexican Peso, And The Burst Of Japan's 'bubble' Economy. The Roots Of Economic Welfare. Productivity Growth -- Income Distribution -- Employment And Unemployment -- Chronic Aches And Pains. The Trade Deficit -- Inflation -- Policy Problems. Health Care -- The Budget Deficit -- The Embattled Fed -- The Dollar -- Free Trade And Protectionism -- Japan -- Financial Follies. The Savings And Loan Scandal -- Losing It -- Global Finance -- American Prospects. Happy Ending -- Hard Landing -- Drift. Paul Krugman. Includes Bibliographical References And Index.