ENGLISH

Against thrift: why consumer culture is good for the economy, the environment, and your soul

By James , Livingston

Book information

Publisher
Basic Books
Year
2011
ISBN
9780465028092, 9780465021864, 0465021867, 0465028098
Language
english
Format
EPUB
Filesize
839 kB (859185 bytes)
Pages
257\0
Time added
2020-07-26 19:24:52
Consommation (Économie politique)--États-Unis;Cris

Description

Since the financial meltdown of 2008, economists, journalists, and politicians have uniformly insisted that to restore the American Dream and renew economic growth, we need to save more and spend less.In his provocative new book, historian James Livingston—author of the classic Origins of the Federal Reserve System—breaks from the consensus to argue that underconsumption caused the current crisis and will prolong it. By viewing the Great Recession through the prism of the Great Depression, Livingston proves that private investment is not the engine of growth we assume it to be. Tax cuts for business are therefore a recipe for disaster. If our goal is to reproduce the economic growth of the postwar era, we need a redistribution of income that reduces corporate profits, raises wages, and promotes consumer spending.

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