"The global economy is entering an era of protracted stagnation, similar to what Japan has experienced for over a decade. That is the message of this brilliant and controversial summary of our current economic predicament from an internationally respected consultant and commentator on financial...

Cover -- Title Page -- Copyright Page -- Dedication Page -- CONTENTS -- PROLOGUE: Reality Bites -- 1. GREAT EXPECTATIONS: Postwar Booms and Busts -- 2. BORROWED TIMES: Causes of the Global Financial Crisis and the Great Recession -- 3. ESCAPE VELOCITY: The Power and Impotence of Economic...