ENGLISH

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

By Michael Perelman

Book information

Publisher
Palgrave Macmillan
Year
2002
ISBN
0312294727, 9780312294724
LCC
HC103 .P417 2002
Open Library ID
OL3951110M
Language
english
Format
PDF
Filesize
11 MB (11545125 bytes)
Edition
1st
Pages
256\254
Orientation
yes
Scanned
no
Time added
2012-03-09 12:00:00

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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