Waubonsee Community College

Plenty of nothing, the downsizing of the American dream and the case for structural Keynesianism, Thomas I. Palley

eng

Includes bibliographical references (pages 223-227) and index

illustrations

index present

non fiction

Plenty of nothing

bibliography

37615695

Thomas I. Palley

the downsizing of the American dream and the case for structural Keynesianism

Palley's book challenges the economic orthodoxies of the political right and center, popularized by such economists as Milton Friedman and Paul Krugman. He marshals a powerful array of economic facts and arguments to show that the interests of working families have gradually been sacrificed to those of corporationsExpanding on traditional Keynesian economics, he argues that, although capitalism is the most productive system ever devised, it also tends to generate deep economic inequalities and encourage the pursuit of profit at the expense of all else. He challenges fatalists who say we can do nothing about this - that economic insecurity and stagnant wages are the inevitable results of irresistible globalizationPalley argues that capitalism comes in a range of forms and that government can and should shape it from a "mean street" system into a "main street" system through monetary, fiscal, trade, and regulatory policies that serve the cause of widespread prosperity