Towards a General Theory of Deep Downturns

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Focusing on the shortcomings of traditional economic models, the book delves into the reasons behind recent economic downturns, particularly the 2008 crisis. It presents a compelling analysis of how existing theories failed to predict such events and introduces alternative models that could lead to a more stable and prosperous economy. Through a three-part lecture format, Joseph Stiglitz offers insights into potential solutions for economic recovery and stability.