Macroeconomic Policy and the Future of Capitalism: The Revenge of the Rentiers and the Threat to Prosperity
Language: English
Published by Edward Elgar Publishing, 1997
- Softcover
- Used
Seller: The Mighty Book, Portland, OR, U.S.A.The Mighty Book
AbeBooks seller since April 8, 2024
Condition: Used - Fair
£ 25.75
Quantity: 1 available
Add to basketItem description from seller
Ex-library book, with margin notes on a few pages; wear to the corners. Library stamps and stickers--reading copy. Ready to ship.
Seller Inventory # CD521
- Title
- Macroeconomic Policy and the Future of Capitalism: The Revenge of the Rentiers and the Threat to Prosperity
- Author
- Smithin, John
- Publisher
- Edward Elgar Publishing
- Publication year
- 1997
- Condition
- Fair
- Binding
- Soft cover
- Language
- English
- ISBN 10
- 1852787457
- ISBN 13
- 9781852787455
- Item weight
- 0.549 pounds
- Dimensions
- 0.5 inches width by 6.5 inches height by 9.5 inches depth
John Smithin argues that this 'financial reaction' in macroeconomic policy is the result of a distinct shift in political power in favour of financial or 'rentier' interests, and away from both labour and manufacturing business. The outcome is a regime in which the real rate of return to financial capital is persistently higher than it was in the relatively prosperous years between the end of World War II and the mid-1970s, but economic performance is persistently worse. Professor Smithin recommends drastic changes in attitude, in particular in the conduct of monetary policy, if a more secure prosperity is to be restored in the 21st century.
Macroeconomic Policy and the Future of Capitalism is an accessible, highly readable account of macroeconomic policy in the industrial nations which cuts through the complex mathematics and obscure jargon of most books on economics to deal with real issues.
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The Mighty Book
Portland, OR, U.S.A.
AbeBooks seller since April 8, 2024
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