Plenty of Nothing

Name: Plenty of Nothing | The Downsizing of the American Dream and the Case for Structural Keynesianism
Brand: Princeton University Press
Price: 58.49 EUR
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The Downsizing of the American Dream and the Case for Structural Keynesianism

Thomas I. Palley(Autor*in)

Princeton University Press

1. Auflage

Erschienen am 9. März 2021

264 Seiten

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978-0-691-22760-3 (ISBN)

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Inhalt

Cover Page
Half-title Page
Title Page
Copyright Page
Dedication Page
Contents
List of Figures
List of Tables
Preface to the First Edition
Introduction to the Paperback Edition
Chapter 1: Debunking Economic Naturalism
Structural Keynesianism
Politics before Economics
Structural Keynesianism versus Economic Naturalism
Economics and the End of the Cold War
Lessons for Europe
Chapter 2: Making Sense of the Economy and Economics
The Economy: Creative Destruction and Conflict
The Significance of Economic Policy
Economic Knowledge and the Formation of Economic Policy
The Need for a New Economic Voice and a New Economic Conversation
Chapter 3: Plenty of Nothing: An Overview
Capital Mobility and the Rise of Business Power
Unions, Labor Law, Political Culture, and the Decline of Solidarity
The Institutionalization of Deflationary Bias
Deflationary Fiscal Policy and the Attack on Government
The Internationalization of Deflation
Conclusion: Fixing the Disordered Economy
Chapter 4: The State of the American Dream
Growing More Slowly
Running Slacker
Becoming More Unequal
Becoming More Insecure
Becoming More Stressed
The End of Economic Growth?
Chapter 5: The Logic of Economic Power, Part I: Diagnosing the Problem
The Skills-Mismatch Hypothesis: Why It's Wrong
Power and the Distribution of Income
The Verities of the System
The Arithmetic of Transactions Costs
Transactions Costs, Bargaining, and Income Distribution
The Sources of Declining Transactions Costs
The Impact on Government
Conclusion
Chapter 6: The Logic of Economic Power, Part II: Policies for Prosperity
The End of the Golden Age
The Problem of Capital Mobility: What Is to Be Done?
Leveling the Labor-Market Playing Field
Free Trade
Policies for Full-Employment
The Economy as a "Corridor": Policy Effectiveness and Economic Structure
Chapter 7: The Triumph of Wall Street: Finance and the Federal Reserve
The Origins of Deflationary Policy Bias
Consequences of the Triumph of Natural-Rate Theory
Monetary Policy as Surrogate Incomes Policy
The Verities of Inflation
The Political Economy of Economic Policy Making
The Political Economy of Deflationary Monetary Policy
Central Bank Independence and the Institutionalization of Deflationary Policy Bias
Reforming the Federal Reserve Bank, or Did Tou Know That the Fed Was Owned by Citicorp?
Changing Direction: America Needs a Family-Friendly Federal Reserve
Chapter 8: From New Deal to Raw Deal: The Attack on Government
Undermining the Wage Floor: Taking Government Out of the Labor Market
Handcuffing Fiscal Policy: The Saving-Shortage Hypothesis
Blaming Households
The Government Deficit and the Attack on Government
Why It Matters: Understanding Current Budgetary Policy
Blaming Government for the Trade Deficit
The Balanced-Budget Amendment
Conclusion
Chapter 9: Free Trade and the Race to the Bottom
Tree Trade as Systems Competition
How Important Is Trade?
A Framework for Analyzing Free Trade
The Impact of Trade on the Economy
Systems Competition, Free Trade, and the Race to the Bottom
Common Markets
Third World Assistance and the Debt Trap
Chapter 10: International Money: Who Governs?
Speculation and the New Face of International Money Markets
Overview: The Current System
Why Exchange Rates Matter
History: How Finance Capital Came to Dominate the International Monetary System
Where Next? What Is the Right Way to Organize International Money Markets?
Chapter 11: Structural Keynesianism and Globalization
Globalization and the Problem of Economic Leakiness
The Structural Keynesian Response to Globalization
Conclusion
Chapter 12: Recipe for a Depression
Household Debt and the Danger of Wage Deflation
Prolonged Recessions, Fragile Recoveries
The Fragile Household
The End of Automatic Stabilization Policy
The Deflationary Fed
Demographics and Economic Depression
Labor Markets and Business Domination
Conclusion
Epilogue: Ending Economic Fatalism
Notes
References
Index

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