The Crisis of Neoliberalism / Gérard Duménil, Dominique Lévy, Gérard Duménil.
Duménil, Gérard, author.; Duménil, Gérard, author.; Lévy, Dominique, author.
2011
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Title The Crisis of Neoliberalism / Gérard Duménil, Dominique Lévy, Gérard Duménil.
Author Duménil, Gérard, author.
ISBN 9780674059306
DOI https://doi.org/10.4159/harvard.9780674059306
Published Cambridge, MA : Harvard University Press, [2011]
Copyright ©2013
Language English
Language Note In English.
Description 1 online resource (400 p.) : 76 line illustrations, 6 charts, 21 tables
Other Standard Identifiers 10.4159/harvard.9780674059306 doi
Alternate Call Number QD 110
Summary 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.
Access Note Access limited to authorized users.
System Details Note Mode of access: Internet via World Wide Web.
Digital File Characteristics text file PDF
Source of Description Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)
Added Author Duménil, Gérard, author.
Lévy, Dominique, author.
In E-BOOK GESAMTPAKET / COMPLETE PACKAGE 2013
E-BOOK PACKAGE HISTORY, POLITICAL SCIENCE, SOCIOLOGY 2013
E-BOOK PAKET GESCHICHTE, POLITIKWISS., SOZIOLOGIE 2013
HUP eBook-Package Backlist 2000-2013 (Canada)
Harvard University Press eBook Package Backlist 2000-2013
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Frontmatter
Contents
Introduction
PART I. The Strategy of the U.S. Upper Classes in Neoliberalism: The Success and Failure of a Bold Endeavor
PART II. The Second Reign of Finance: Classes and Financial Institutions
PART III. A Tripolar Class Confi guration: Breaking Wage- Earning Homogeneity
PART IV. Financialization and Globalization: Lifting Barriers - Losing Control
PART V. Neoliberal Trends: The U.S. Macro Trajectory
PART VI. From the Housing Boom to the Financial Crisis: U.S. Macroeconomics aft er 2000
PART VII. Financial Crisis: Storm in the Center - Global Capitalism Shaken
PART VIII. The Shadow of the Great Depression: Difficult Transitions
PART IX. A New Social and Global Order: Th e Economics and Politics of the Postcrisis
APPENDIX A. The Dynamics of Imbalance: A Model
APPENDIX B. Sources
APPENDIX C. Acronyms
Notes
Index

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