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The Decline and Fall of the U.S. Economy: How Liberals and Conservatives Both Got It Wrong Hardcover – July 1, 2010

ISBN-13: 978-0313383793 ISBN-10: 0313383790 Edition: 1st

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Product Details

  • Hardcover: 134 pages
  • Publisher: Praeger; 1 edition (July 1, 2010)
  • Language: English
  • ISBN-10: 0313383790
  • ISBN-13: 978-0313383793
  • Product Dimensions: 9.1 x 5.9 x 0.8 inches
  • Shipping Weight: 14.1 ounces (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #3,430,588 in Books (See Top 100 in Books)

Editorial Reviews


• Displays original thinking and research that defy both conservative and liberal dogma

• Explains where and why things went wrong in 2008 and 2009, especially how the subprime mortgage debacle brought down mighty banks and, nearly, the entire economy

• Shows how to prevent markets from collapsing in such fashion again

• Demonstrates that Darwin's erroneous belief in uniformitarianism cut economists off from understanding how economies follow a boom-and-bust pattern common to all evolution

• Numerous charts and graphs

• Case studies of various economic upheavals

• A bibliography

Book Description

The conservatives wanted unfettered free markets and liberals wanted easy money for all. Both got what they wanted—and the world's economy came crashing down. Did it happen, at least in part, because Charles Darwin unwittingly misled economists about how economies evolve? What we can do to ensure that it doesn't happen again?

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1 of 2 people found the following review helpful By flowing on September 27, 2010
Format: Hardcover
Wallace has written a balanced and sweeping explanation of how the 2008 financial meltdown happened. The opening scene in the new movie, "Wall Street.." could have come from the opening chapters of this well written book. With a grasp of history and a balanced view of how both of our political parties in Congress failed due to greed this book reads like fiction but is grounded in the all too recent truth of our failed American economy.
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