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Conventional wisdom says that Europe's crisis is a financial crisis. But is this really the case? In Industrial Poverty, economist Sven R. Larson, challenges this view and suggests instead that Europe is in a state of permanent economic decline. Using Sweden in the 1990s as an example, he shows how a welfare-state crisis combined with the wrong kind of austerity policies replaces prosperity with industrial poverty. Today, Europe is going through the same transition into industrial poverty. Tomorrow, it could be the United States, unless Congress and the President take decisive action against the runaway budget deficit.…mehr

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Produktbeschreibung
Conventional wisdom says that Europe's crisis is a financial crisis. But is this really the case? In Industrial Poverty, economist Sven R. Larson, challenges this view and suggests instead that Europe is in a state of permanent economic decline. Using Sweden in the 1990s as an example, he shows how a welfare-state crisis combined with the wrong kind of austerity policies replaces prosperity with industrial poverty. Today, Europe is going through the same transition into industrial poverty. Tomorrow, it could be the United States, unless Congress and the President take decisive action against the runaway budget deficit.

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Autorenporträt
Sven R. Larson is senior fellow in economics with the Wyoming Liberty Group, an American think tank. His research covers many areas of economics, including fiscal policy, the welfare state and the application of economic freedom. He earned his PhD at Roskilde University, Denmark, and his doctoral thesis, Uncertainty, Macroeconomic Stability and the Welfare State, was published by Ashgate in 2002. He has written three books about the welfare state, entitlements and how to reform big spending programs. His research has been published by several think tanks and his advice is often sought by political candidates.