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Description of  The Bubble Economy: Is Sustainable Growth Possible?

0262027437 epub Why the global economy has become increasingly unstable, and how financial de-carbonization could break the pattern of bubble-driven wealth destruction. The global economy has become increasingly, perhaps chronically, unstable. Since 2008, we have heard about the housing bubble, subprime mortgages, banks too big to fail, financial regulation (or the lack of it), and the European debt crisis. Wall Street has discovered that it is more profitable to make money from other people's money than by investing in the real economy, which has limited access to capitalresulting in slow growth and rising inequality. What we haven't heard much about is the role of natural resourcesenergy in particularas drivers of economic growth, or the connection of global warming to the economic crisis. In