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Index
Cover
Table of Contents
Title page
Copyright page
Dedication
Foreword
1: Introduction
2: Why the Recovery Has Been So Weak
3: Alternative Explanations for Today's Low Business Investment and High Profit Margins
4: Forecasting Errors in the UK and the US
5: Cyclical or Structural: The Key Issue for Policy
6: The Particular Problem of Finance and Banking
7: Japan Has a Similar Problem with a Different Cause
8: The End of the Post-War Era
9: Misinformation as a Barrier to Sound Policy Decisions
10: Avoiding Future Financial Crises
11: The Current High Level of Risk
12: Inflation
13: Prospects Not Forecasts
14: Tackling the Bonus Culture
15: The Need for Change in Economic Theory and the Resistance to It
16: Summary and Conclusions
Appendix 1: Mean Reversion of US Profit Margins
Appendix 2: Goods' Output Requires Much More Capital Than Service Output
Bibliography
A Note on Data Sources
Acknowledgements
Index
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