Jump to ContentJump to Main Navigation
Failure by Design – The Story behind America's Broken Economy - Cornell Scholarship Online
Users without a subscription are not able to see the full content.

Failure by Design: The Story behind America's Broken Economy

Josh Bivens


This book relays a compelling narrative of the U.S. economy's struggle to emerge from the Great Recession of 2008. It explains the causes and impact on working Americans of the most catastrophic economic policy failure since the 1920s. Economic growth since the late 1970s has been slow and inequitably distributed, largely as a result of poor policy choices. These choices only got worse in the 2000s, leading to an anemic economic expansion. What growth we did see in the economy was fueled by staggering increases in private-sector debt and a housing bubble that artificially inflated wealth by tr ... More

Keywords: 2008 Great Recession, 2008 recession, U.S. economy, economic growth, housing bubble, economic expansion, private-sector debt

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780801450150
Published to Cornell Scholarship Online: August 2016 DOI:10.7591/cornell/9780801450150.001.0001


Affiliations are at time of print publication.

Josh Bivens, author
Economic Policy Institute