Economic Conditions - General & Miscellaneous

False Profits: Recovering from the Bubble Economy

Name: False Profits: Recovering from the Bubble Economy
Author: Dean Baker
ISBN: 9780982417126

by Dean Baker

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Overview

Dean Baker, codirector of the Center for Economic and Policy Research recounts the strategies used by the country's top economic policymakers to conceal their failure to recognize the housing bubble or take steps to rein it in before it grew to unprecedented levels, resulting in the loss of millions of jobs, homes, and the life savings of tens of millions of people. He quashes dire warnings of looming rampant inflation and spiraling debt with solid historic evidence to the contrary - evidence that supports more stimulus, not less. He reveals the evolving role of the U.S. dollar in today's global economy and lays down cogent arguments about why the dollar will fall in value. With a dose of optimism, Baker outlines a thoughtful progressive program for rebuilding the economy and reshaping the financial system, including new financial transaction taxes that will reduce or eliminate economic waste while providing stimulus and incentives where and when they are most needed. ''Simply the best succinct explanation of the causes, cures, dynamics, and politics of the financial crisis - an indispensible book.'' - Robert Kuttner, coeditor, The American Prospect

Synopsis

Building on the author’s expertise, False Profits recounts the causes of the economic meltdown, dissects the government’s inadequate responses to it, and offers a thoughtful progressive program for rebuilding the economy and reforming the financial system.

About the Author, Dean Baker

Dean Baker has more than 25 years of research experience in occupational and environmental epidemiology. The primary emphasis of his research has been on community-based epidemiological studies. During the past several years, he has focused on developmental toxicity and children's environmental health. He has conducted several epidemiological research studies examining chronic health effects of gestational and early childhood exposure to heavy metals and organochlorine chemicals. His other area of research has been on the health effects of psychosocial stressors in the workplace and in communities exposed to environmental hazards. In both of these areas, Dr. Baker has made contributions to the epidemiological study design and methods. He was elected 3 times as Secretary-Treasurer of the International Society for Environmental Epidemiology, and was a founding member. He is an active teacher at the university, directing an occupational medicine residency program and supervising graduate students. Mark J Nieuwenhuijsen has been involved in various environmental exposure assessment, epidemiology, and health risk assessment studies in the Netherlands, the UK, Eastern Europe and the US. His interests include the health effects of chlorination by-products in water, traffic related air pollution and metals, specifically in relation to reproductive, respiratory, renal and cancer effects. He has published over a hundred papers. He graduated from Wageningen University, the Netherlands, and went to do a PhD at the National Heart and Lung Institute in London, UK. For his post doc he went to the University of California, Davis, USA after which he took up a faculty position atImperial College London, UK. In January 2007 he joined the Center for Research in Environmental Epidemiology (CREAL) in Barcelona, Spain as a Research Professor. He is associate editor on the journals 'Occupational and Environmental Medicine' and the 'Journal of Exposure Science and Environmental Epidemiology'.