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A Banquet of Consequences

A Banquet of Consequences

Authors
Publisher FT Publishing International
Year 01/02/2016
Edition First
Pages 352
Version paperback
Readership level Professional and scholarly
Language English
ISBN 9781292123806
Categories Economics
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Book description

“The current environment of zero-cost money, concentrated bank power, and anaemic

productive growth has coalesced not by accident or economic cycle but by wilful choice.  Das

warns that without significant change, the only possible future holds dire consequences for all

but an elite few. His tone is as urgent as the problem. All central bankers, politicians, and

citizens should heed his words.”

Nomi Prins, author of Other People’s Money and All the Presidents’ Bankers

 

“Written with passion and insight, and laden with facts, the book provides a clear explanation

of the economic, social, and political issues that lie ahead, and the difficulty in solving

them.”

Jon Markman, Forbes columnist and president and publisher of Markman Capital Insight

 

A Banquet of Consequences is an intricately researched, decisively written and devastating

analysis of today’s economy. Satyajit Das connects disparate strands of a story, and in doing

so delivers a damning critique of global economic policies of the last 50 years. He argues that

governments and citizens of every political hue are now so addicted to growth and resistant to

change, that a prolonged period of chronic stagnation, sustained by large infusions of

monetary morphine and continuous interventions, or an unavoidable financial, political and

social breakdown are the only possible outcomes.

A Banquet of Consequences

Table of contents

  • PROLOGUE: Reality Bites
  • GREAT EXPECTATIONS: Postwar Booms and Busts
  • BORROWED TIMES: Causes of the Global Financial Crisis and the Great Recession
  • ESCAPE VELOCITY: The Power and Impotence of Economic Policies
  • THE END OF GROWTH: The Factors Driving Secular Stagnation and the New Mediocre
  • RUNNING ON EMPTY: The Resource and Environmental Constraints on Growth
  • CIRCLING THE WAGONS: Globalisation in Reverse
  • BRIC(S) TO BITS: The Rise and Fall of Emerging Markets
  • ECONOMIC APARTHEID: The Impact of Rising Inequality on Growth
  • THE END OF TRUST: How a Democracy Deficit Harms Economic Activity
  • COLLATERAL DAMAGE: The Fallout for Ordinary Lives
  • EPILOGUE: Final Orders
  • Notes
  • Acknowledgements
  • Selected Further Reading
  • Index

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