THE PATHOLOGY OF THE U.S. ECONOMY by Michael Perelman (Editor) ( 9780333650233 )

Item Details

Title:

THE PATHOLOGY OF THE U.S. ECONOMY
THE COSTS OF A LOW-WAGE SYSTEM

By:

Format:

Paperback

List price:	£44.00
We currently do not stock this item, please contact the publisher directly for further information.

ISBN 10:

0333650239

ISBN 13:

9780333650233

Publisher:

PALGRAVE MACMILLAN

Pub. date:

27 November, 1995

Pages:

252

Description:

This volume demonstrates the calamitous consequences of US policies that follow a Haitian model of low-wage development. Michael Perelman makes his case by describing the decades-long unfolding of the crisis in the US economy following the post-war boom.

Synopsis:

This book demonstrates the calamitous consequences of the current US policies that follow a Haitian model of low wage development. The author makes his case by describing the decades-long unfolding of the current crisis in the US economy following the post-war boom. From the beginning, the boom contained the seeds of its own destruction. As the boom disintegrated, attempts to stabilize the economy made matters even worse. Efforts at profit maximization reinforced the problems. For example, attacks on both labour and government reinforced the decline. This work warns against framing policies predicated upon either Keynesian or neo-classical theory since both suffer from an unwarranted belief that a market economy can avoid crisis with appropriate economic management.

Illustrations:

biography

Publication:

Imprint:

Palgrave Macmillan

Returns:

Returnable

Some other items by this author:

CLASS WARFARE IN THE INFORMATION AGE (HB)

CLASS WARFARE IN THE INFORMATION AGE (PB)

CLASSICAL POLITICAL ECONOMY

CLASSICAL POLITICAL ECONOMY (HB)