About this item
The invisible hand of capitalism is broken. Economic and political forces are preventing markets from correcting themselves, and we're now living in an unprecedented age of oversupply. Governments and central banks across the developed world have tried every policy tool imaginable, yet our economies remain sluggish or worse. How did we get here, and how can advanced nations compete and prosper once more? In this bold call to arms, economic policy expert Daniel Alpert argues that a global labor glut, excess productive capacity, and a rising ocean of cheap capital have kept the economies of the first world, and notably the United States, mired in underemployment and anemic growth. Distracted by a technology boom and a massive debt bubble in the 1990s and early 2000s, advanced nations failed to assess the ultimate impact of the torrent of labor and capital unleashed by formerly socialist economies.
About the Author
In addition to his role as Founding Managing Partner of the Westwood Capital Group, Daniel Alpert has written on, spoken about and researched matters relating to economics and finance - and the public policy associated both those disciplines for many years. His work has been published by major periodicals and think tanks, and he is a well-known figure among leading economists, analysts, members of governments and members of the economics and financial industry media throughout the world. Mr. Alpert is also a Fellow in economics at the oldest policy think tank in the U.S., The Century Foundation, founded in 1919. Daniel Alpert has more than 30 years of international merchant banking and investment banking experience and plays a rather unique role within the financial services industry - enabling him to offer macro-economic and policy research and opinion, while being a senior manager of an investment bank. Mr. Alpert has written extensive research and opinion on the housing and credit bubbles, banking regulation and broader macroeconomic aspects of the resulting economic crisis, and is widely quoted in print outlets including The Wall Street Journal, The New York Times, the Reuters, AP and Bloomberg wires, Forbes, Fortune and many other periodicals. He has had several op-ed columns published in The New York Times and The Wall Street Journal. Mr. Alpert is a frequent guest commentator on all of the principal business news networks - Bloomberg, CNBC and Fox Business News - and also appears on CNNI, PBS and the BBC, CCTV and NDTV. His concise explanations of complicated financial matters - together with his willingness to express his opinions and forecasts - has earned him the confidence of those in the media for whom he has been a reliable source of analysis.Roubini Global Economics maintains a well-known finance and macroeconomics blog for the author entitled Dan Alpert's 2 Cents at Economonitor.com, and he was also featured in the 2010 winner of the Academy Award for Best documentary, "Inside Job". His twitter feed is @DanielAlpert.In 2011, Mr. Alpert conceived of, and co-authored along with Nouriel Roubini, New York University Professor of Economics, and Robert Hockett, Professor of Financial Law at Cornell University, a well-received white paper on behalf of The New America Foundation entitled "The Way Forward" that has been credited on most sides of the macroeconomic debate with providing a clear and concise explanation of the issues that gave rise to the global financial problems being faced today, together with the authors' prescriptions for remedies. Mr. Alpert is also a member of the Economic Club of New York and The Bretton Woods Committee.
