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The Questionable Legacy of Alan Greenspan

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  • Thomas Palley

Abstract

Alan Greenspan will retire soon, and many analyses, most of them swooning, will soon be upon us. This economist offers an original and perhaps lasting postmortem on Greenspan's reign. He believes that Greenspan has been responsible for a new business cycle whose foundation is financial boom and cheap imports. The resulting borrowing is not a basis for stable future growth.

Suggested Citation

  • Thomas Palley, 2005. "The Questionable Legacy of Alan Greenspan," Challenge, Taylor & Francis Journals, vol. 48(6), pages 17-31.
    • Handle: RePEc:mes:challe:v:48:y:2005:i:6:p:17-31
    DOI: 10.1080/05775132.2005.11034324
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    Cited by:

    1. Karl Aiginger & Alois Guger, 2014. "Stylized Facts on the Interaction between Income Distribution and the Great Recession," Research in Applied Economics, Macrothink Institute, vol. 6(3), pages 157-178, September.
    2. Karl Aiginger, 2016. "Political Rebound Effects as Stumbling Blocks for Socio-ecological Transition," WIFO Working Papers 519, WIFO.
    3. Thomas Palley, 2007. "Seeking Full Employment Again:," Challenge, Taylor & Francis Journals, vol. 50(6), pages 14-50.
    4. Lewis, Mervyn K., 2009. "The origins of the sub-prime crisis: Inappropriate policies, regulations, or both?," Accounting forum, Elsevier, vol. 33(2), pages 114-126.
    5. Thomas Palley, 2011. "America’s flawed paradigm: macroeconomic causes of the financial crisis and great recession," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 38(1), pages 3-17, February.
    6. Alois Guger, 2012. "Einkommensverteilung als Krisenursache," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 38(2), pages 345-356.
    7. repec:clr:wugarc:y:2012:v:38i:2p:345 is not listed on IDEAS
    8. Thomas I. Palley, 2013. "Gattopardo economics: the crisis and the mainstream response of change that keeps things the same," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(2), pages 193-206.

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