The Land of Too Much : : American Abundance and the Paradox of Poverty / / Monica Prasad.

The Land of Too Much presents a simple but powerful hypothesis that addresses three questions: Why does the United States have more poverty than any other developed country? Why did it experience an attack on state intervention starting in the 1980s, known today as the neoliberal revolution? And why...

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Superior document:Title is part of eBook package: De Gruyter E-BOOK GESAMTPAKET / COMPLETE PACKAGE 2013
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Place / Publishing House:Cambridge, MA : : Harvard University Press, , [2012]
©2012
Năm xuất bản:2012
Ngôn ngữ:English
Truy cập trực tuyến:
Mô tả vật lý:1 online resource (270 p.) :; 2 line illustrations, 11 graphs, 7 tables
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Miêu tả
Other title:Frontmatter --
Contents --
1 The Farmers' Tour --
2 Comparing Capitalisms --
3 A Demand- Side Theory of Comparative Political Economy --
4 The Non- History of National Sales Tax --
5 The Land of Too Much --
6 Progressive Taxation and the Welfare State --
7 American Adversarial Regulation --
8 The Democratization of Credit --
9 The Credit/Welfare State Trade- Off --
10 American Mortgage Keynesianism: Summary and Policy Implications --
Notes --
References --
Acknowledgments --
Index
Tóm tắt:The Land of Too Much presents a simple but powerful hypothesis that addresses three questions: Why does the United States have more poverty than any other developed country? Why did it experience an attack on state intervention starting in the 1980s, known today as the neoliberal revolution? And why did it recently suffer the greatest economic meltdown in seventy-five years? Although the United States is often considered a liberal, laissez-faire state, Monica Prasad marshals convincing evidence to the contrary. Indeed, she argues that a strong tradition of government intervention undermined the development of a European-style welfare state. The demand-side theory of comparative political economy she develops here explains how and why this happened. Her argument begins in the late nineteenth century, when America's explosive economic growth overwhelmed world markets, causing price declines everywhere. While European countries adopted protectionist policies in response, in the United States lower prices spurred an agrarian movement that rearranged the political landscape. The federal government instituted progressive taxation and a series of strict financial regulations that ironically resulted in more freely available credit. As European countries developed growth models focused on investment and exports, the United States developed a growth model based on consumption. These large-scale interventions led to economic growth that met citizen needs through private credit rather than through social welfare policies. Among the outcomes have been higher poverty, a backlash against taxation and regulation, and a housing bubble fueled by "mortgage Keynesianism." This book will launch a thousand debates.
Định dạng:Mode of access: Internet via World Wide Web.
số ISBN:9780674067813
9783110317350
9783110317121
9783110317114
9783110442205
DOI:10.4159/harvard.9780674067813
Truy cập:restricted access
Hierarchical level:Monograph
Statement of Responsibility: Monica Prasad.