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The American Dream vs. The Gospel of Wealth: The Fight for a Productive Middle-Class Economy / Edition 1
     

The American Dream vs. The Gospel of Wealth: The Fight for a Productive Middle-Class Economy / Edition 1

by Norton Garfinkle
 

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ISBN-10: 0300126115

ISBN-13: 9780300126112

Pub. Date: 12/28/2007

Publisher: Yale University Press

Norton Garfinkle paints a disquieting picture of America today: a nation increasingly divided between economic winners and losers, a nation in which the middle-class American Dream seems more and more elusive. Recent government policies reflect a commitment to a new supply-side winner-take-all Gospel of Wealth. Garfinkle warns that this supply-side

Overview

Norton Garfinkle paints a disquieting picture of America today: a nation increasingly divided between economic winners and losers, a nation in which the middle-class American Dream seems more and more elusive. Recent government policies reflect a commitment to a new supply-side winner-take-all Gospel of Wealth. Garfinkle warns that this supply-side economic vision favors the privileged few over the majority of American citizens striving to better their economic condition.

Garfinkle employs historical insight and data-based economic analysis to demonstrate compellingly the sharp departure of the supply-side Gospel of Wealth from an American ideal that dates back to Abraham Lincoln—the vision of America as a society in which ordinary, hard-working individuals can get ahead and attain a middle-class living, and in which government plays an active role in expanding opportunities and ensuring against economic exploitation. Supply-side economic policies increase economic disparities and, Garfinkle insists, they fail on technical, factual, moral, and political grounds. He outlines a fresh economic vision, consonant with the great American tradition of ensuring strong economic growth, while preserving the middle-class American Dream.

Product Details

ISBN-13:
9780300126112
Publisher:
Yale University Press
Publication date:
12/28/2007
Series:
The Future of American Democracy Series
Edition description:
New Edition
Pages:
240
Product dimensions:
5.50(w) x 8.25(h) x (d)

Table of Contents

Contents

Preface....................vii
Introduction....................1
ONE The American Economic Vision....................12
TWO Lincoln's Economics: The Origins of the American Dream....................27
THREE The Gospel of Wealth....................47
FOUR The Age of Reform....................69
FIVE The Business of America Is Business....................88
SIX The Renewal of the American Dream....................107
SEVEN The New Gospel of Wealth....................144
EIGHT The Current Debate: Supply-Side vs. Demand-Side Economics....................163
NINE The Way Forward....................189
Appendix....................201
Notes....................205
Index....................221

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