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The Pathology of the U.S. Economy Revisited: The Intractable Contradictions of Economic Policyby Michael Perelman
Synopses & ReviewsPublisher Comments: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. Book News Annotation:Perelman (economics, California State U., Chico) believes that
mainstream economic theory is inadequate to define the economic
process and moreover is complicit in the inequalities capitalist
economies foster. His analysis considers US trends in labor,
government, education, the military, and monetary policy. He
concludes the work with extensive proposals to make an economy that's
healthy for all. Coming on the heels of the Enron fiasco, Perelman
may find an increasingly receptive audience to his ideas.
Annotation c. Book News, Inc., Portland, OR (booknews.com) About the AuthorMichael Perelman is the author of Class Warfare in the Information Age and Transcending the Economy. He is Professor of Economics at California State University at Chico. What Our Readers Are SayingBe the first to add a comment for a chance to win!Product Details
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