The Crisis of Neoliberalism

Dumenil, Gerard; Levy, Dominique

Published by Harvard University Press
ISBN 10: 0674072243 / ISBN 13: 9780674072244
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2013. Reprint. Paperback. Examines "the great contraction" of 2007 - 2010 within the context of the neoliberal globalization that began in the early 1980s. Summarizing a large amount of troubling data, the authors show that manufacturing has declined from 40 percent of GDP to under 10 percent over the years. Num Pages: 400 pages, 76 line illustrations, 6 charts, 21 tables. BIC Classification: KCA; KFF; KJ. Category: (G) General (US: Trade). Dimension: 234 x 157 x 24. Weight in Grams: 620. . . . . . Books ship from the US and Ireland. Bookseller Inventory #

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Synopsis: This book examines “the great contraction” of 2007–2010 within the context of the neoliberal globalization that began in the early 1980s. This new phase of capitalism greatly enriched the top 5 percent of Americans, including capitalists and financial managers, but at a significant cost to the country as a whole. Declining domestic investment in manufacturing, unsustainable household debt, rising dependence on imports and financing, and the growth of a fragile and unwieldy global financial structure threaten the strength of the dollar. Unless these trends are reversed, the authors predict, the U.S. economy will face sharp decline. Summarizing a large amount of troubling data, the authors show that manufacturing has declined from 40 percent of GDP to under 10 percent in thirty years. Since consumption drives the American economy and since manufactured goods comprise the largest share of consumer purchases, clearly we will not be able to sustain the accumulating trade deficits. Rather than blame individuals, such as Greenspan or Bernanke, the authors focus on larger forces. Repairing the breach in our economy will require limits on free trade and the free international movement of capital; policies aimed at improving education, research, and infrastructure; reindustrialization; and the taxation of higher incomes.

About the Author: Gérard Duménil is a Director of Research at the Centre National de la Recherche Scientifique, Paris.

Dominique Lévy is a Director of Research at the Centre National de la Recherche Scientifique, Paris.

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Title: The Crisis of Neoliberalism
Publisher: Harvard University Press
Book Condition: New

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Book Description HARVARD UNIVERSITY PRESS, United States, 2013. Paperback. Book Condition: New. Reprint. Language: English . Brand New Book. This book examines the great contraction of 2007 - 2010 within the context of the neoliberal globalization that began in the early 1980s. This new phase of capitalism greatly enriched the top 5 percent of Americans, including capitalists and financial managers, but at a significant cost to the country as a whole. Declining domestic investment in manufacturing, unsustainable household debt, rising dependence on imports and financing, and the growth of a fragile and unwieldy global financial structure threaten the strength of the dollar. Unless these trends are reversed, the authors predict, the U.S. economy will face sharp decline. Summarizing a large amount of troubling data, the authors show that manufacturing has declined from 40 percent of GDP to under 10 percent in thirty years. Since consumption drives the American economy and since manufactured goods comprise the largest share of consumer purchases, clearly we will not be able to sustain the accumulating trade deficits. Rather than blame individuals, such as Greenspan or Bernanke, the authors focus on larger forces.Repairing the breach in our economy will require limits on free trade and the free international movement of capital; policies aimed at improving education, research, and infrastructure; reindustrialization; and the taxation of higher incomes. Bookseller Inventory # AAU9780674072244

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Book Description HARVARD UNIVERSITY PRESS, United States, 2013. Paperback. Book Condition: New. Reprint. Language: English . Brand New Book. This book examines the great contraction of 2007 - 2010 within the context of the neoliberal globalization that began in the early 1980s. This new phase of capitalism greatly enriched the top 5 percent of Americans, including capitalists and financial managers, but at a significant cost to the country as a whole. Declining domestic investment in manufacturing, unsustainable household debt, rising dependence on imports and financing, and the growth of a fragile and unwieldy global financial structure threaten the strength of the dollar. Unless these trends are reversed, the authors predict, the U.S. economy will face sharp decline. Summarizing a large amount of troubling data, the authors show that manufacturing has declined from 40 percent of GDP to under 10 percent in thirty years. Since consumption drives the American economy and since manufactured goods comprise the largest share of consumer purchases, clearly we will not be able to sustain the accumulating trade deficits. Rather than blame individuals, such as Greenspan or Bernanke, the authors focus on larger forces. Repairing the breach in our economy will require limits on free trade and the free international movement of capital; policies aimed at improving education, research, and infrastructure; reindustrialization; and the taxation of higher incomes. Bookseller Inventory # AAU9780674072244

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