Economic collapse, economic change : getting to the roots of the crisis / Arthur MacEwan and John A. Miller.

Format:

Book

Author/Creator:

MacEwan, Arthur.

Contributor:

Miller, John A., 1948 November 10-

Language:

English

Subjects (All):

United States--Economic conditions--2009-.

United States.

Economic conditions.

United States--Economic policy--2009-.

Economic policy.

Recessions--United States.

Recessions.

Financial crises--United States.

Financial crises.

International economic relations.

Physical Description:

x, 237 pages : illustrations ; 24 cm

Place of Publication:

Armonk, N.Y. : M.E. Sharpe, [2011]

Summary:

In this analysis of the causes, consequences, and possible solutions to the severe economic crisis of the first decade of the 2000s, MacEwan (emeritus, economics, U. of Massachusetts) and Miller (economics, Wheaton College) depart from mainstream interpretations in order to highlight how issues of inequality, power, and ideology have contributed to the current crisis. Any solutions, they argue, must come from changes in income and wealth distribution, in who has power in society, and in the ideology of how the economy operates. They describe how the rise of conservative forces beginning in the 1970s led to greater concentrations of wealth and power amongst a small elite and an anti-government, "free market" ideology that led to dangerous deregulation, particularly in finance, both of which contributed to an excessive expansion of debt that helped trigger the crisis. Annotation ©2011 Book News, Inc., Portland, OR (booknews.com)

Contents:

What ails the economy: understanding causes to find cures

Where are we now? Why is this a "crisis"?

Ideology and power in the post-World War II era

The turn-around: change in the last quarter of the 20th century

Setting the stage: loosening the reins of finance

Tracking the evolution of the crisis

Shaping the global economy

China, the United States, and the crisis

Palliative care: an appraisal

Moving in a different direction.

Notes:

Includes bibliographical references and index.

ISBN:

9780765630674

0765630672

OCLC:

695560178