Prosperity and Public Spending : Transformational growth and the role of government

ISBN-13: 9780415571043 / Angielski / Twarda / 2009 / 308 str.

Edward Nell

Opis

This title, 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.

First published in 1984, this book carefully dissects and convincingly demonstrates that conservative economics is incoherent in theory and disastrous in practice. The three main schools of thought supporting "free-market" policies – supply side economics, monetarism and rational expectations- are examined in turn and each is found defective. Three case studies of conservative policy in action follow: Reagan’s U.S., Thatcher’s U.K. and Pinochet’s Chile and their courses are charted in economic conservatism’s ideology and social policy, and the book concludes with an assessment of the political reasons for the theoretical incoherence and practical failure.

This is a careful and comprehensive look at this subject which tackles both the theory and the practice head-on. It will make useful and stimulating reading for students of economics and political economy on courses of economic policy and macro-economics and in addition will be of keen interest to all those involved in the debate about one of the major policy issues of our time.

Spis treści

Part 1: The Retreat from Prosperity  1. The Slowdown of the 1970s  2. The Breakup of Keynesian Consensus  3. The Impact of Government Deficits  Part 2: From Kinship Capitalism to Corporate Industry  4. The Traditional Craft System: Family Firms to Family Farms  5. Corporate Industry: Demand-Determined Production  6. The State and the Corporate Economy  7. Transformational Growth and the Slowdown  Part 3: Free Markets or Planned Prosperity  8. Inflation and the World Economy  9. Government and the Free-Market Consensus  10. Public Spending in a Demand-Constrained Economy  11. Postscript: The British Experience  Geoff Hodgson.

O autorze

Edward Nell