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Failed – What the "Experts" Got Wrong about the Global Economy - Oxford Scholarship Online
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Failed: What the "Experts" Got Wrong about the Global Economy

Mark Weisbrot


This book analyzes and ties together some of the most important economic developments of recent years, with the common theme that they have been widely misunderstood and in some cases almost completely ignored. Regarding the eurozone, for example, the book shows that the European authorities’ political agenda, which included shrinking the welfare state, reducing healthcare, pensions, and other social spending, and reducing the bargaining power of labor, played a very important role—along with failed macroeconomic policy—in prolonging the eurozone’s financial crisis and its lapse into additiona ... More

Keywords: economics, Europe, Latin America, economic policy, economic development, International Monetary Fund

Bibliographic Information

Print publication date: 2015 Print ISBN-13: 9780195170184
Published to Oxford Scholarship Online: October 2015 DOI:10.1093/acprof:oso/9780195170184.001.0001


Affiliations are at time of print publication.

Mark Weisbrot, author
Co-director, Center for Economic and Policy Research, Washington, D.C.