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The Pathology of the U.S. Economy Revisited: The Intractable Contradictions of Economic Policy - Hardcover
Synopsis
This book describes the deep contradictions plague market economies. It shows how the influence of these contradictions sometimes subsides, allowing the economy to perform relatively well. But in time, these contradictions accumulate and economy declines as if it suffers from some degenerative disease. The policies designed to rise above these contradictions often spawn even more severe contradictions. This book describes how these contradictions have affected the economy of the United States in the past and the dangers that the future poses. For example, policies to stimulate the economy eventually lead to stagnation. Policies to make hold down wages make business even more uncompetitive. It also analyzes the destructive consequences of the military, finance, and the Federal Reserve. Finally, it debunks the mythological promise of a New Economy.
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About the Author
Michael Perelman is the author of Class Warfare in the Information Age and Transcending the Economy. He is Professor of Economics at California State University at Chico.
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- PublisherPalgrave Macmillan
- Publication date2002
- ISBN 10 0312294727
- ISBN 13 9780312294724
- BindingHardcover
- LanguageEnglish
- Edition number1
- Number of pages247
- Rating
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The Pathology of the U.S. Economy Revisited: The Intractable Contradictions of Economic Policy
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Palgrave Macmillan, 2002
ISBN 10: 0312294727
ISBN 13: 9780312294724
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