Titlebook: Consequences of Economic Downturn; Beyond the Usual Eco Martha A. Starr (Associate Professor of Economics) Book 2011 Palgrave Macmillan, a

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https://doi.org/10.1007/978-1-4471-0537-4The current economic crisis has jolted industrial towns throughout the United States. The media quickly descended on Detroit, Michigan, in order to paint a portrait of an industry in crisis and a city that continues to be ravaged by industrial decline. A sampling of news headlines captures the media representation of Detroit:

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Beyond the Wasteland: A Report from DetroitThe current economic crisis has jolted industrial towns throughout the United States. The media quickly descended on Detroit, Michigan, in order to paint a portrait of an industry in crisis and a city that continues to be ravaged by industrial decline. A sampling of news headlines captures the media representation of Detroit:

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https://doi.org/10.1057/9780230118355care; economic policy; economics; financial crisis; Import; inequality; labor market; labor markets; social

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Beyond the Usual Economicsprices in many metropolitan areas, housing prices started falling in 2006, and home construction ground to a halt. As mortgage delinquencies and defaults rose, the balance sheets of financial institutions deteriorated, with full-scale financial crisis erupting in fall 2008. This confluence of factor

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Inequality and Its Discontents: The Real Causes and Consequences of the Crisis good of all. Unhindered financial markets were supposed to increase efficiency in financial markets and reduce costs to borrowers, which would benefit the whole economy. Greater access to credit would increase consumption, spur business investment, raise the rate of homeownership, increase producti