04007nam 2200649 450 991079121530332120200520144314.00-300-16329-010.12987/9780300163292(CKB)2550000001204979(PromptCat)40017837042(MH)012341218-8(SSID)ssj0001400664(PQKBManifestationID)12629083(PQKBTitleCode)TC0001400664(PQKBWorkID)11338242(PQKB)10578966(DE-B1597)485793(OCoLC)884499544(DE-B1597)9780300163292(Au-PeEL)EBL4585711(CaPaEBR)ebr11234826(MiAaPQ)EBC4585711(EXLCZ)99255000000120497920160804h20102010 uy 0engurcnu||||||||txtccrPivotal decade how the United States traded factories for finance in the seventies /Judith SteinNew Haven, [Connecticut] ;London, [England] :Yale University Press,2010.©20101 online resource (xvi, 367 p. )ill. ;Includes index.0-300-11818-X Includes bibliographical references and index.Front matter --Contents --Preface --Acknowledgments --1. ''The Great Compression'' --2. 1971: Affluence Challenged and Restored --3. 1972: The Last Election of the 1960's --4. OPEC and the Trade Unionism of the Developing World --5. 1975: ''Capitalism is on the Run'' --6. 1976: Morality and Economy --7. International Keynesianism in a Troubled World --8. Labor to Capital: Domestic Keynesianism on the Ropes --9. From Virtuous Circle to Perfect Storm: Oil Crisis, II --10. 1979-80: ''The Gnomes of Zurich Got Their Way'' --11. Age of Inequality --Notes --IndexIn this fascinating new history, Judith Stein argues that in order to understand our current economic crisis we need to look back to the 1970's and the end of the age of the factory-the era of postwar liberalism, created by the New Deal, whose practices, high wages, and regulated capital produced both robust economic growth and greater income equality. When high oil prices and economic competition from Japan and Germany battered the American economy, new policies-both international and domestic-became necessary. But war was waged against inflation, rather than against unemployment, and the government promoted a balanced budget instead of growth. This, says Stein, marked the beginning of the age of finance and subsequent deregulation, free trade, low taxation, and weak unions that has fostered inequality and now the worst recession in sixty years. Drawing on extensive archival research and covering the economic, intellectual, political, and labor history of the decade, Stein provides a wealth of information on the 1970's. She also shows that to restore prosperity today, America needs a new model: more factories and fewer financial houses.Keynesian economicsFinancial institutionsUnited StatesUnited StatesEconomic policy1971-1981United StatesPolitics and government1969-1974United StatesPolitics and government1974-1977United StatesPolitics and government1977-1981Keynesian economics.Financial institutions330.973092Stein Judith1940-1221242MiAaPQMiAaPQMiAaPQBOOK9910791215303321Pivotal decade3793598UNINAThis Record contains information from the Harvard Library Bibliographic Dataset, which is provided by the Harvard Library under its Bibliographic Dataset Use Terms and includes data made available by, among others the Library of Congress