LEADER 03935oam 2200613M 450 001 9910778885903321 005 20190503073429.0 010 $a0-262-27058-7 010 $a0-585-02033-7 035 $a(CKB)111004366547700 035 $a(EBL)3338420 035 $a(SSID)ssj0000203487 035 $a(PQKBManifestationID)11174124 035 $a(PQKBTitleCode)TC0000203487 035 $a(PQKBWorkID)10259319 035 $a(PQKB)11703597 035 $a(MiAaPQ)EBC3338420 035 $a(OCoLC)939263556 035 $a(OCoLC-P)939263556 035 $a(MaCbMITP)4649 035 $a(Au-PeEL)EBL3338420 035 $a(CaPaEBR)ebr2001009 035 $a(EXLCZ)99111004366547700 100 $a20160227d2015 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aMisfortunes of Prosperity $ean Introduction to Modern Political Economy 210 $aCambridge $cMIT Press$d2015 215 $a1 online resource (178 p.) 300 $aDescription based upon print version of record. 311 $a0-262-03230-9 320 $aIncludes bibliographical references (p. [163]-168) and index. 327 $aContents; 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; Index 330 $aElucidates 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. 606 $aEconomic history$y1945- 606 $aKeynesian economics 606 $aEconomics 607 $aFrance$xEconomic conditions$y1945- 610 $aECONOMICS/Political Economy 615 0$aEconomic history 615 0$aKeynesian economics. 615 0$aEconomics. 676 $a338.9 700 $aCohen$b Daniel$0120391 701 $aLindenfeld$b Jacqueline$0557127 801 0$bOCoLC-P 801 1$bOCoLC-P 906 $aBOOK 912 $a9910778885903321 996 $aMisfortunes of Prosperity$93690253 997 $aUNINA