Economic Collapse, Economic Change: Getting to the Roots of the CrisisThis thoughtful book offers a widely accessible account of the recent economic collapse and crisis, emphasizing the deep nexus of economic inequality, undemocratic power, and leave-it-to-the-market ideology at its root. The authors develop this theory in detail, including clear analysis of the data, terms, and policies that dominate discussion of the crash. Based on their understanding of the origins of the crisis, they propose a program for reform that is equally dependent on popular action and changes in government policy. The book's engaging prose makes it appealing both to students and to general readers seeking an understanding of the crisis that moves beyond recent headlines to address the underlying systems and conditions that continue to make the American economy vulnerable. |
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Contents
| 3 | |
2 Where Are We Now? Why Is This a Crisis? | 19 |
The Changing Terrain of Inequality Power and Ideology | 33 |
3 Ideology and Power in the PostWorld War II Era | 37 |
Change in the Last Quarter of the Twentieth Century | 53 |
PART III The Emergence of Crisis in the United States | 65 |
Loosening the Reins on Finance | 69 |
6 Tracking the Evolution of the Crisis | 86 |
8 China the United States and the Crisis | 143 |
PART V Moving in a Different Direction | 161 |
An Appraisal | 163 |
10 Moving in a Different Direction | 188 |
Appendix A Brief Notes on Wealth and Power | 213 |
Appendix B Whats Wrong with the Case for FreeMarket Globalization? | 221 |
| 227 | |
About the Authors | 237 |
Other editions - View all
Economic Collapse, Economic Change: Getting to the Roots of the Crisis Arthur MacEwan,John A. Miller No preview available - 2011 |
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A.T. Kearney assets banks Bear Stearns billion borrowers CDOs changes Chapter China Chinese consumer continued countries country’s created credit default swaps debt decades deficit deregulation Dodd-Frank dollars Dollars & Sense early economic crisis economic growth Economic Report example expansion exports Fannie Mae Federal Reserve figure financial firms financial institutions financial system foreign Freddie Mac free trade free-market global economy Goldman Sachs government’s greater hedge funds housing bubble ideology impact important income and wealth increase inequality inflation interest rates investment investors Lehman Brothers loans low-income major MBSs mortgage operations payments people’s percent political Ponzi scheme post–World President 2010 problems recession regulation relatively risk role shift spending stimulus package stock market bubble subprime substantial tion U.S. economy U.S. firms U.S. government unemployment unions United universal social programs wages workers World War II yuan
Bibliographic information
| Title | Economic Collapse, Economic Change: Getting to the Roots of the Crisis |
| Authors | Arthur MacEwan, John A. Miller |
| Publisher | M.E. Sharpe, 2011 |
| ISBN | 0765630710, 9780765630711 |
| Length | 237 pages |
| Subjects | › › Business & Economics / Economic Conditions Business & Economics / Economic History Business & Economics / Economics / General Business & Economics / Government & Business Political Science / Political Economy Political Science / Public Policy / Economic Policy |
| Export Citation | BiBTeX EndNote RefMan |