"Rebound" takes the currently unthinkable view that the economy will bounce back faster and stronger from the current downturn than most economists expect. Noted "Labour" economist Stephen Rose amasses data on the economic performance of America over the last thirty years to debunk myths about declining middle class incomes, burger flipping jobs and global competition. He also describes the evolution of the financial crisis and mortgage lending implosion under the rubric of 'brilliant idiocy' to show how the investors, financial firms, and regulators all made devastating mistakes in pursuit of quick gains. The book argues forcefully that simple financial regulation and forthcoming investments in education, health care and energy will pay quick and healthy dividends. Using economic analysis rather than partisan argument, "Rebound" cuts through the clutter of political debate to show how the economy will return to high growth rates. Though sure to be controversial, this fully-documented and perfectly-timed contribution to the debate is sure to be well received.
Stephen J. Rose, Ph.D, is a nationally recognized labor economist and former senior advisor to Secretary of Labor Robert Reich. He was educated at Princeton University and City University of New York. He has conducted research for the Department of Education, Educational Testing Service, and Pew Research Center, among others.