When the Money Runs Out (Paperback)

The End of Western Affluence

By Stephen D. King

Yale University Press, 9780300236934, 304pp.

Publication Date: May 29, 2018

Other Editions of This Title:
Paperback (4/29/2014)
Hardcover (6/25/2013)

List Price: 20.00*
* Individual store prices may vary.

Description

An eminent economist warns that Western nations’ economic expectations for the future are way out of sync with the realities of economic stagnation and stringent steps will be required to avoid massive political and economic upheaval.
 
“It is alarmingly difficult to disagree with Stephen King. All one can say, perhaps, is that one of the great errors of human nature—strongly displayed before the credit crunch—is the belief that a prevailing trend will continue indefinitely. The crunch is surely a reminder that what goes up must come down.”—Charles Moore, Daily Telegraph
 
“[King] is dabbling in the financial equivalent of the horror genre. Perhaps even scarier, his is the stuff of nonfiction.”—Michael J. Casey, Wall Street Journal


About the Author

Stephen D. King is the author of When the Money Runs Out: The End of Western Affluence (2013) and Losing Control: The Emerging Threats to Western Prosperity (2010), both published by Yale. He combines his role as HSBC’s Senior Economic Adviser with journalism and consultancy work, and is a specialist adviser to the House of Commons Treasury Committee.