1.

Record Nr.

UNINA9910825545503321

Autore

Nell Edward J

Titolo

Prosperity and public spending : transformational growth and the role of government / / Edward Nell

Pubbl/distr/stampa

Boston, : Unwin Hyman, 2009, c1988

ISBN

1-135-15635-2

1-135-15636-0

1-282-44340-2

9786612443404

0-203-85732-1

Edizione

[1st ed.]

Descrizione fisica

1 online resource (263 p.)

Collana

Routledge revivals

Disciplina

336

339.522

Soggetti

Economic development

Expenditures, Public

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

First published in 1988.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Book Cover; Title01; Copyright01; Title02; Copyright02; Contents; Preface; Introduction; Part I: The Retreat from Prosperity; 1 The Slowdown of the 1970s; 2 The Breakup of the Keynesian Consensus; 3 The Impact of Government Deficits; Part II: From Kinship Capitalism to Corporate Industry; 4 The Traditional Craft System: Family Firms and Family Farms; 5 Corporate Industry: Demand-Determined Production; 6 The State and the Corporate Economy; 7 Transformational Growth and the Slowdown; Part III: Free Markets or Planned Prosperity?; 8 Inflation and the World Economy

9 Government and the Free-Market Consensus10 Public Spending in a Demand-Constrained Economy; 11 Postscript: The British Experience; Bibliography; Index

Sommario/riassunto

In a dramatic and well-argued challenge to the prevailing wisdom, Prosperity and Public Spending, first published in 1988, contends that the failure of Keynesian economics has been due to its timidity. Far from contracting, the government must expand its powers and activities, in order to achieve and maintain economic prosperity. The



need for such expansion arises from the fact that the system has developed from a craft-based economy to a mass-production network with sophisticated international finance. This ""transformational growth"" brings about irreversible and sometimes devast