Economic Collapse, Economic Change: Getting to the Roots of the Crisis

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Economic Collapse, Economic Change provides 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. Authors Arthur MacEwan and John A. Miller develop this argument 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 of 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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Product Details

  • ISBN-13: 9780765630674
  • Publisher: Taylor & Francis
  • Publication date: 11/14/2014
  • Pages: 264
  • Product dimensions: 6.00 (w) x 9.10 (h) x 0.70 (d)

Table of Contents

List of Tables and Figures vii

Preface ix

Part I Economic Crisis, Causes, and Cures

1 What Ails the U.S. Economy: Understanding Causes to Find Cures 3

2 Where Are We Now? Why Is This a "Crisis"? 19

Part II How We Got Here: The Changing Terrain of Inequality, Power, and Ideology

Introduction to Part II 33

3 Ideology and Power in the Post-World War II Era 37

4 The Turnaround: Change in the Last Quarter of the Twentieth Century 53

Part III The Emergence of Crisis in the United States

Introduction to Part III 65

5 Setting the Stage: Loosening the Reins on Finance 69

6 Tracking the Evolution of the Crisis 86

Part IV Globalization and Instability

Introduction to Part IV 119

7 Shaping the Global Economy 121

8 China, the United States, and the Crisis 143

Part V Moving in a Different Direction

Introduction to Part V 161

9 Palliative Care: An Appraisal 163

10 Moving in a Different Direction 188

Appendix A Brief Notes on Wealth and Power 213

Appendix B What's Wrong with the Case for Free-Market Globalization? 221

Index 227

About the Authors 237

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