Understanding American Economic DeclineMichael Alan Bernstein, David E. Adler The public has been painfully aware of the economy's stagnation for a long time. In this major new volume, leading thinkers in the social sciences directly confront the various economic difficulties facing the United States today. Underlying each essay is the premise that these problems can be understood only in a broad historical context--that such difficulties arise not from cyclical phenomena, but from structural distortions in the economy. These essays furnish more than hard-hitting criticisms of the various received economic wisdoms: they offer hope as they formulate new economic approaches and policies for the present and the future. |
Contents
from prosperity to stagnation | 34 |
INSTITUTIONAL AND STRUCTURAL PERSPECTIVES | 77 |
Financial institutions and contemporary economic | 114 |
Industries trade and wages | 161 |
A comparative analysis of the sources of Americas relative | 199 |
POLICY PERSPECTIVES | 241 |
The new economic stagnation and the contradictions | 276 |
SOCIAL AND CULTURAL PERSPECTIVES | 311 |
the cultural dimensions of economic | 330 |
CONCLUSION | 359 |
List of contributors | 395 |
Other editions - View all
Understanding American Economic Decline Michael A. Bernstein,David E. Adler No preview available - 1994 |
Common terms and phrases
after-tax American economy analysis assets average boom Bretton Woods system budget deficit business cycle capacity utilization capital capitalist clusters commercial banks companies competitiveness costs decades decline demand dollar domestic earnings economic growth economic policy economists effect employment exports Federal Reserve firms fiscal funds global hourly important income increased industrial inflation innovation institutions interest rate risk investment Japan Japanese labor market loans long-term macroeconomic major managers manufacturing measure ment monetary mortgages national saving rate nomic output percent period Pleasanton political postwar problems productivity growth programs ratio real interest rates recession relative right-wing economics rising role Samuel Bowles sector semiconductors social stagflation stagnation state-societal arrangements strategies structure Table technologies theory tion trade deficit U.S. corporations U.S. economy United University Press value creation wage Weisskopf women workers World War II York