The End of Normal

In "The End of Normal," Galbraith challenges the idea that the recent economic crisis was simply a temporary interruption in a trackable era of steady growth, arguing instead that the period of easy growth ended decades ago. He suggests that multiple factors—such as rising resource costs, diminished military influence, technological changes, and financial sector issues—have created a new normal of instability. The book emphasizes the importance of adopting modest policies and institutions suited to this transformed economic landscape, aiming to sustain a good quality of life amid ongoing challenges.