Book Review: Politics in the New Hard Times: The Great Recession in Comparative Perspective
Editors: Miles Kahler and David A. Lake Publisher: Cornell University Press – 316 pages Book Review by: Sonu Chandiram I was first attracted to read, before anything else, the Afterword in this book by its title: Yet More Hard Times? Reflections on the Great Recession in the Frame of Earlier Hard Times. This is a key observation on the United States economy in that section of this book: “There has been no great reversal of policy profile. The U.S. remains dependent on cheap credit, high consumption, low saving, and deficit financing.” This is reflective mainly of U.S. consumers in...
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