• The Age of Stagnation

  • By: Satyajit Das
  • Narrated by: Satyajit Das
  • Length: 12 hrs and 16 mins
  • Unabridged
  • Release date: 09-13-16
  • Language: English
  • Publisher: Audible Studios
  • 3.1 (7 ratings)

Regular price: $20.24

Free with 30-day trial
Membership details Membership details
  • A 30-day trial plus your first audiobook, free
  • 1 credit/month after trial – good for any book, any price
  • Easy exchanges – swap any book you don’t love
  • Keep your audiobooks, even if you cancel
  • After your trial, Audible is just $14.95/month
Select or Add a new payment method

Buy Now with 1 Credit

By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Buy Now for $20.24

Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Publisher's Summary

The global economy is entering an era of protracted stagnation, similar to what Japan has experienced for over a decade. That is the message of this brilliant and controversial summary of our current economic predicament from an internationally respected consultant and commentator on financial markets, who predicted the Global Financial Crisis of 2008.
The author challenges the assumption that growth can be perpetual and questions the ability of political leaders to enact the tough structural changes needed. He is particularly critical of the 'easy money' approach to dealing with the great recession of 2008, citing the dangers of excessive debt and deep-seated fundamental imbalances. The fallout of these poor policies, he argues, will affect not only the business sector, but also the lifestyles and prosperity of average citizens and future generations.
The author concludes with a thought experiment illustrating the large-scale changes that will be necessary to restore economic, financial, and social sustainability. This experiment has already been tried in Iceland, which went bankrupt in the wake of the 2008 crisis, and now, after a painful adjustment, is on the road to recovery.
Told for the lay listener and peppered with witty anecdotes, this audiobook clearly explains the missteps that created the current dilemma, why a recovery has proved elusive, and the difficult remedies that must eventually be applied to ensure a stable future.
Satyajit Das is an internationally respected expert in finance, with over 30 years' experience. He worked for the 'sell side' (banks such as Citicorp Investment Bank and Merrill Lynch), the 'buy side' (Treasurer of the TNT Group) and acted as a consultant advising banks, investors, corporations and central banks throughout the world. He has been within touching distance of many of the pivotal events in finance during his long career.
©2016 Stayajit Das (P)2016 Audible, Ltd
Show More Show Less
No Reviews are Available

Customer Reviews

Most Helpful

By Michael on 09-23-16

Good and well formed point of view

Wanted to read the book but prefer audiobooks due to my dyslexia. I am glad Das read it him self. Worth the wait.

Read More Hide me
See all Reviews
© Copyright 1997 - 2018 Audible, Inc