Misfortunes of Prosperity : an Introduction to Modern Political Economy

• Autore: Cohen Daniel
• Pubblicazione: Cambridge, : MIT Press, 2015
• Descrizione fisica: 1 online resource (178 p.)
• Disciplina: 338.9
• Soggetto topico: Economic history - 1945-; Keynesian economics; Economics
• Soggetto geografico: France Economic conditions 1945-
• Soggetto non controllato: ECONOMICS/Political Economy
• Altri autori: LindenfeldJacqueline
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references (p. [163]-168) and index.
• Nota di contenuto: 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; Index
• Sommario/riassunto: 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.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.
• Titolo autorizzato: Misfortunes of Prosperity
• ISBN: 0-262-27058-7; 0-585-02033-7
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910828837103321
• Lo trovi qui: Univ. Federico II