The Pathology of the U.S. Economy Revisited: The Intractable Contradictions of Economic Policy

Perlman, M.

This book describes the deep contradictions plague market economies. It shows how the influence of these contradictions sometimes subsides, allowing the economy to perform relatively well. But in time, these contradictions accumulate and economy declines as if it suffers from some degenerative disease. The policies designed to rise above these contradictions often spawn even more severe contradictions. This book describes how these contradictions have affected the economy of the United States in the past and the dangers that the future poses. For example, policies to stimulate the economy eventually lead to stagnation. Policies to make hold down wages make business even more uncompetitive. It also analyzes the destructive consequences of the military, finance, and the Federal Reserve. Finally, it debunks the mythological promise of a New Economy.

Details

Published by: Palgrave Macmillan

Publication Date: 2002-01-12

Format: Paperback

ISBN-13: 9780312293178

DOI: 10.1057/9780230108233

Dimensions: 235cm x155cm

Pages: 247