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In September of 1989, Peter M. Franzese chose to write the life story of his Brooklyn Nana, Nettie Boniface, for a sixth grade English class assignment. While he sat with a spiral notebook and pen in hand over the course of a month, Nana reflected on and shared the events that shaped the woman she was. Born at the onset of World War I, she told him the stories of her life during both world wars and the Great Depression, leading right up to the end of the 1980s. Over a pot of tomato sauce simmering on the stove, Nana, a Brooklyn born daughter of Italian immigrants, shared the joys and sorrows...

In September of 1989, Peter M. Franzese chose to write the life story of his Brooklyn Nana, Nettie Boniface, for a sixth grade English class assignment. While he sat with a spiral notebook and pen in hand over the course of a month, Nana reflected on and shared the events that shaped the woman she was. Born at the onset of World War I, she told him the stories of her life during both world wars and the Great Depression, leading right up to the end of the 1980s. Over a pot of tomato sauce simmering on the stove, Nana, a Brooklyn born daughter of Italian immigrants, shared the joys and sorrows...

This book synthesizes and extends modern political-economic theory to explain the postwar evolution of macroeconomic policy in developed democracies. The chapters study transfers, debt, and monetary/wage policy-making and outcomes, stressing that participation enhances transfer policy responsiveness to inequality and vice versa, that policy-making veto actors retard fiscal policy adjustments, inducing greater long run debt-responses to all other political-economic stimuli, and that monetary policy's nominal and real effects depend, respectively, on the broader political-economic interest...