03971nam 2200613 a 450 991097529020332120250611235750.00-262-27058-70-585-02033-7(CKB)111004366547700(EBL)3338420(SSID)ssj0000203487(PQKBManifestationID)11174124(PQKBTitleCode)TC0000203487(PQKBWorkID)10259319(PQKB)11703597(MiAaPQ)EBC3338420(OCoLC)939263556(OCoLC-P)939263556(MaCbMITP)4649(Au-PeEL)EBL3338420(CaPaEBR)ebr2001009(EXLCZ)9911100436654770019941221d1995 uy 0engur|n|---|||||txtccrThe misfortunes of prosperity an introduction to modern political economy /Daniel Cohen ; translated by Jacqueline Lindenfeld1st ed.Cambridge, Mass. The MIT Pressc19951 online resource (178 p.)Description based upon print version of record.0-262-03230-9 Includes bibliographical references (p. [163]-168) and index.Contents; Introduction; Acknowledgements; The Misfortunes of Prosperity; Slowdown in Growth; Jobs and Unemp oyment; Keynes and His Shad w; The New Monetarist Orthodoxy; Economic and Political ycles; The Two Crises of Keynesianism; Appendix A; The History of Wealth; Appendix B; The History of he Modern State; Appendix C; Underconsumption Theories; Notes; IndexElucidates the current debates on these and other questions in a fast-paced and incisive tour of the dominant ideas in political economy, summarizing historical and theoretical perspectives on the causes of economic growth in the United States, Western Europe, Japan and elsewhere as the twentieth-century draws to a close.Translated by Jacqueline Lindenfeld Are robust economic growth and tight social cohesion something of the past, or is contemporary stagnation simply part of a long economic cycle that is bound to bring brighter days? Should government step in to boost productivity and income, or does economic globalization necessitate a new laissez-faire model for the twenty-first century? The Misfortunes of Prosperity elucidates the current debates on these and other questions in a fast-paced and incisive tour of the dominant ideas in political economy, summarizing historical and theoretical perspectives on the causes of economic growth in the United States, Western Europe, Japan and elsewhere as the twentieth-century draws to a close. Daniel Cohen discusses the effects of the showdown of productivity in Europe and the United States and explains the origin of the apparent tradeoff between unemployment in Europe and wage inequalities in the United States. On questions of economic policy and the competing academic views (new classical and Keynesian) of the efficacy of government intervention, Cohen inverts the Keynesian belief that government intervention causes growth, and explains why waves of government interventions (including wars) usually follow upward economic trends (rather than create it). But he also advocates government discretion rather than government neutrality by showing the disastrous consequences of hands off approach to debt, inflation, and social security.Economic history1945-Keynesian economicsEconomicsFranceEconomic conditions1945-Economic historyKeynesian economics.Economics.338.9Cohen Daniel1953-2023.1823240MiAaPQMiAaPQMiAaPQBOOK9910975290203321The misfortunes of prosperity4389800UNINA