The Financial Crisis Reconsidered: The Mercantilist Origin of Secular Stagnation and Boom-Bust Cycle

PART I: THE CURRENT ACCOUNT DEFICIT, THE HOUSING BOOM, AND THE FINANCIAL CRISIS
1. The Metamorphosis of China's Trade Policy
2. Current Account Deficits, and the US Housing Boom
3. Mercantilism and the US Current Account Deficit
4. The Current Account Deficit: A Necessary Condition for the US Housing Boom
PART II: THE CAPITAL FLOW BONANZA, THE CREDIT EXPLOSION, AND THE HOUSING BOOM
5. A Review of Explanations for the US Housing Boom
6. Decision Making During the Housing Boom
7. The Capital Flow Bonanza and the US Housing Boom
8. The Role of Policy During the Housing Boom
PART III: ACCUMULATION AND SECULAR STAGNATION
9. Accumulation and Secular Stagnation - Part I, Theory
10. Accumulation and Secular Stagnation - Part II, Application
PART IV: THE FINANCIAL CRISIS, I
11. Descent into the Abyss
12. The Policy Response
PART V: THE FINANCIAL CRISIS, II
13. The Dilemma of Policy in a Balance Sheet Recession
PART VI: POLICY OPTIONS
14. Policy Options