When the money ends. The end of Western abundance
Over the past sixty years, the Western world has experienced extraordinary economic progress, and this period of prosperity was so long that economic growth began to be considered a familiar and normal thing. But economist Stephen King warns that such an era of continuous increase in living standards is a historical anomaly and the current stagnation of Western economies in the near future can develop into a deep crisis. King shows that we are talking not only about the end of the era of prosperity and abundance: we gave ourselves promises that can only be fulfilled with economic growth. Future social expenses - such as pensions, healthcare and social protection - may exceed tomorrow's resources. And if we reach this point, what promises will not be fulfilled and who will remain with nothing? History lessons offer convincing evidence that political and social unrest often begin due to economic stagnation. King takes into account these lessons, offering a multifaceted plan, including painful, but necessary steps to a stable and fair economic future.
| Characteristics | |
| A country | Russia |
| Author | King Stephen D. |
| Editor | Popova E. |
| Kit | No |
| Number of pages | 360 |
| The subject of the book | Finance |
| The year of publishing | 2016 |
| Translator | Kralechkin D. |
| Type of cover | Hard cover |
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