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The Resource The land of too much : American abundance and the paradox of poverty, Monica Prasad

The land of too much : American abundance and the paradox of poverty, Monica Prasad

Label
The land of too much : American abundance and the paradox of poverty
Title
The land of too much
Title remainder
American abundance and the paradox of poverty
Statement of responsibility
Monica Prasad
Creator
Subject
Language
eng
Summary
The Land of Too Much presents a simple but powerful hypothesis that addresses three questions: Why does the United States have more poverty than any other developed country? Why did it experience an attack on state intervention starting in the 1980s, known today as the neoliberal revolution? And why did it recently suffer the greatest economic meltdown in seventy-five years? Although the United States is often considered a liberal, laissez-faire state, Monica Prasad marshals convincing evidence to the contrary. Indeed, she argues that a strong tradition of government intervention undermined the development of a European-style welfare state. The demand-side theory of comparative political economy she develops here explains how and why this happened. Her argument begins in the late nineteenth century, when America's explosive economic growth overwhelmed world markets, causing price declines everywhere. While European countries adopted protectionist policies in response, in the United States lower prices spurred an agrarian movement that rearranged the political landscape. The federal government instituted progressive taxation and a series of strict financial regulations that ironically resulted in more freely available credit. As European countries developed growth models focused on investment and exports, the United States developed a growth model based on consumption. These large-scale interventions led to economic growth that met citizen needs through private credit rather than through social welfare policies. Among the outcomes have been higher poverty, a backlash against taxation and regulation, and a housing bubble fueled by "Mortgage Keynesianism." This book will launch a thousand debates
Cataloging source
DLC
http://library.link/vocab/creatorName
Prasad, Monica
Dewey number
338.5/2120973
Illustrations
illustrations
Index
index present
LC call number
HC103
LC item number
.P843 2012
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • United States
  • United States
  • Fiscal policy
Label
The land of too much : American abundance and the paradox of poverty, Monica Prasad
Instantiates
Publication
Bibliography note
Includes bibliographical references (p. 275-316) and index
Contents
The farmers' tour -- Comparing capitalisms -- A demand-side theory of comparative political economy -- The agrarian regulation of taxation -- The land of too much -- Progressive taxation and the welfare state -- The agrarian regulation of finance -- The democratization of credit -- The credit-welfare state trade-off -- Conclusion: American mortgage Keynesianism -- Notes -- References -- Acknowledgments -- Index
Control code
ocn782251855
Dimensions
25 cm.
Extent
xiv, 327 p.
Isbn
9780674066526
Isbn Type
(alk. paper)
Lccn
2012010526
Other control number
7631166
Other physical details
ill.
System control number
  • (Sirsi) i9780674066526
  • (OCoLC)782251855
Label
The land of too much : American abundance and the paradox of poverty, Monica Prasad
Publication
Bibliography note
Includes bibliographical references (p. 275-316) and index
Contents
The farmers' tour -- Comparing capitalisms -- A demand-side theory of comparative political economy -- The agrarian regulation of taxation -- The land of too much -- Progressive taxation and the welfare state -- The agrarian regulation of finance -- The democratization of credit -- The credit-welfare state trade-off -- Conclusion: American mortgage Keynesianism -- Notes -- References -- Acknowledgments -- Index
Control code
ocn782251855
Dimensions
25 cm.
Extent
xiv, 327 p.
Isbn
9780674066526
Isbn Type
(alk. paper)
Lccn
2012010526
Other control number
7631166
Other physical details
ill.
System control number
  • (Sirsi) i9780674066526
  • (OCoLC)782251855

Library Locations

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      Collins Hall 2nd Floor Waubonsee Community College Route 47 at Waubonsee Drive, Sugar Grove, IL, 60554-9454, US
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