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The Moral Consequences of Economic Growth

by

The Moral Consequences of Economic Growth Cover

 

Synopses & Reviews

Publisher Comments:

From the author of Day of Reckoning, the acclaimed critique of Ronald Reagans economic policy (“Every citizen should read it,” said The New York Times): a persuasive, wide-ranging argument that economic growth provides far more than material benefits. In clear-cut prose, Benjamin M. Friedman examines the political and social histories of the large Western democracies-particularly of the United States since the Civil War-to demonstrate the fact that incomes on the rise lead to more open and democratic societies. He explains that growth, rather than simply a high standard of living, is key to effecting political and social liberalization in the third world, and shows that even the wealthiest of nations puts its democratic values at risk when income levels stand still. Merely being rich is no protection against a turn toward rigidity and intolerance when a countrys citizens lose the sense that they are getting ahead.With concrete policy suggestions for pursuing growth at home and promoting worldwide economic expansion, this volume is a major contribution to the ongoing debate about the effects of economic growth and globalization.

About the Author

Benjamin M. Friedman is the William Joseph Maier Professor of Political Economy and former chairman of the department of economics at Harvard University, where he has taught since 1972. The author of several scholarly works; his first trade book, Day of Reckoning: The Consequences of American Economic Policy Under Reagan and After, was awarded the George S. Eccles Prize, awarded annually by Columbia University for excellence in writing about economics. A former investment banker, he has consulted for the Board of Governors of the Federal Reserve System and individual Federal Reserve banks. He has worked with the National Bureau of Economic Research, the National Science Foundation Subcommittee on Economics, and the Congressional Budget Office. Professor Friedman has written for the New York Times, The Wall Street Journal, and The New York Review of Books.

Table of Contents

Preface

PART I: IDEAS, THEIR ORIGINS, AND THEIR IMPLICATIONS

1. What Growth Is, What Growth Does

2. Perspectives from the Englightenment and Its Roots

3. Crosscurrent: The Age of Improvement and Beyond

4. Rising Incomes, Individual Attitudes, and the Politics of Social Change

PART II: DEMOCRACY IN AMERICA

5. From Horotio Alger to William Jennings Bryan

6. From TR to FDR

7. Great Depression, Great Expectation

8. America in the Postwar Era

PART III: OTHER TIMES, OTHER PLACES: THE EUROPEAN DEMOCRACIES

9. Britain

10. France

11. Germany

PART IV: DEVELOPMENT, EQUALITY, GLOBALIZATION, AND THE ENVIRONMENT

12. Economics and Politics in the Developing World

13. Virtuous Circles, Vicious Cycles

14. Growth and Equality

15. Growth and the Environment

PART V: LOOKING FORWARD

16. Economic Policy and Economic Growth in America

Notes

Acknowledgments

Index

Product Details

ISBN:
9781400095711
Author:
Friedman, Benjamin M
Publisher:
Vintage
Author:
Friedman, Benjamin M.
Subject:
Business Ethics
Subject:
Economics - Theory
Subject:
Economics - Comparative
Subject:
Free Enterprise
Subject:
Democracy
Subject:
Income distribution
Subject:
Political participation
Subject:
Economic History
Subject:
Economics - General
Subject:
economics;history;growth;globalization;ethics;politics
Copyright:
Edition Description:
Trade paper
Series:
Vintage
Publication Date:
20060912
Binding:
Paperback
Grade Level:
General/trade
Language:
English
Pages:
592
Dimensions:
8 x 5.15 x 0.98 in 0.875 lb

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History and Social Science » Economics » General

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