ENGLISH

The Pathology of the U.S. Economy Revisited: The Intractable Contradictions of Economic Policy

By Michael Perelman (auth.)

Book information

Publisher
Palgrave Macmillan US
Year
2002
ISBN
978-0-312-29317-8, 978-0-230-10823-3
DOI
10.1057/9780230108233
Language
english
Format
PDF
Filesize
28 MB (29341061 bytes)
Edition
1
Pages
V, 247\247
Time added
2016-03-14 21:35:01
Regional/Spatial Science; International Economics;

Description

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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