12/07/2010 11:16 am ET Updated May 25, 2011

Joseph Stiglitz: Alternatives To Austerity

NEW YORK - In the aftermath of the Great Recession, countries have been left with unprecedented peacetime deficits and increasing anxieties about their growing national debts. In many countries, this is leading to a new round of austerity - policies that will almost surely lead to weaker national and global economies and a marked slowdown in the pace of recovery.

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