Why Economies Fail: The Rise and Fall of Economic Empires Alan J Morris and John E Sayre
Economies fail in many ways and for a variety of reasons. The debt crisis in Europe is one type of failure, as are the recurrent recessions that most countries experience from time to time. Strikes, lockouts and other types of industrial conflicts are obvious signs of failure, as are the many examples of environmental degradation from costly oil spills to global warming from the total destruction of whole fisheries to the increase in the number of endangered species. But often the failure is more insidious and less obvious as is the case with the growth of child poverty and the increasing number of families living below the poverty line. What this book argues is that the cause of each of these, and many other, economic failures, is systemic in nature. These are not separate and isolated sh...
