Latest Issue

Hard times and the long shadow of recession

By Jonathan Derbyshire  

To paraphrase Tolstoy, healthy economies are all alike; every unhealthy economy is unhealthy in its own way. That is one of the lessons I took from reading Hard Times: The Divisive Toll of the Economic Slump, a new book written by the Guardian journalist Tom Clark with the help of a team of researchers led by Anthony Heath, professor of sociology at the University of Manchester.

While the political-media complex obsesses about the precise speed of the incipient recovery and argues about whether people are still worse off than they were before the financial crisis erupted, Clark and his colleagues look elsewhere—at…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect