From the author of "Globalization and its Discontents," Joseph Stiglitz's "Roaring Nineties" reveals the disastrous consequences of the free-market frenzy of the 1990s. This is the explosive story of how capitalism in the U.S. faced its reckoning: how excessive deregulation, government submission to big businesses, and outrageous executive salaries fueled the bubble that burst dramatically amid corporate scandals and anti-globalization protests. As the chief economic advisor to the presidential office at the time, Stiglitz uncovers what went wrong, and how the Bush administration exacerbated the situation - making it much worse - for the economy, the U.S., and the rest of the world. Stiglitz takes us a step further, showing how a more balanced approach to the market and government can lead not only to a better economy but also to a better society.

"A painful critique of Dubyanomics... the Nobel laureate who took on the IMF now turns his guns on the American presidential candidate. Stiglitz knows when to pick a fight" - Observer

"One of the most important economic and political thinkers of our time" - Independent on Sunday

"Stiglitz has become a hero of the anti-globalization movement" - Economist

"An iconic figure... Stiglitz's book will encourage those who wish to stop the partial Americanization that has already occurred in Europe" - Daily Telegraph

Joseph Stiglitz served as Chief Economist of the World Bank until January 2000. He is a professor at Columbia Business School and Director of the Graduate Summer Programs of the Brooks World Poverty Institute at the University of Manchester. He won the Nobel Prize in Economics in 2001 and is the author of the best-seller "Globalization and Its Discontents," "Making Globalization Work," "Freefall," and "The Price of Inequality," all published by Penguin.

Pages: 432, Dimensions: 12.9x12.9cm