1.

Record Nr.

UNINA9910814802903321

Autore

Garfinkle Norton <1931->

Titolo

The American dream vs. the gospel of wealth [[electronic resource] ] : the fight for a productive middle-class economy / / Norton Garfinkle

Pubbl/distr/stampa

New Haven, : Yale University Press, c2006

ISBN

1-281-73524-8

9786611735241

0-300-13780-X

Descrizione fisica

ix, 230 p. : ill

Collana

The future of American democracy

Disciplina

330.973

Soggetti

Middle class - United States

Supply-side economics - United States

Democracy - United States

United States Economic conditions

United States Economic policy

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Bibliographic Level Mode of Issuance: Monograph

Nota di bibliografia

Includes bibliographical references (p. [205]-219) and index.

Nota di contenuto

The American economic vision -- Lincoln's economics : the origin of the American dream -- The gospel of wealth -- The age of reform -- The business of America is business -- The renewal of the American dream -- The new gospel of wealth -- The current debate : supply-side vs. demand-side economics -- The way forward.

Sommario/riassunto

Norton Garfinkle paints a disquieting picture of America today: a nation increasingly divided between economic winners and losers, a nation in which the middle-class American Dream seems more and more elusive. Recent government policies reflect a commitment to a new supply-side winner-take-all Gospel of Wealth. Garfinkle warns that this supply-side economic vision favors the privileged few over the majority of American citizens striving to better their economic condition.Garfinkle employs historical insight and data-based economic analysis to demonstrate compellingly the sharp departure of the supply-side Gospel of Wealth from an American ideal that dates back to Abraham Lincoln-the vision of America as a society in which ordinary, hard-working individuals can get ahead and attain a middle-class living, and in which government



plays an active role in expanding opportunities and ensuring against economic exploitation. Supply-side economic policies increase economic disparities and, Garfinkle insists, they fail on technical, factual, moral, and political grounds. He outlines a fresh economic vision, consonant with the great American tradition of ensuring strong economic growth, while preserving the middle-class American Dream.