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000342453 010__ $$a  2009043742
000342453 020__ $$a9780300118186 (alk. paper)
000342453 020__ $$a030011818X (alk. paper)
000342453 035__ $$a(OCoLC)ocn449853498
000342453 035__ $$a342453
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000342453 05000 $$aHC106.7$$b.S74 2010
000342453 08200 $$a330.973/092$$222
000342453 1001_ $$aStein, Judith,$$d1940-2017.
000342453 24510 $$aPivotal decade :$$bhow the United States traded factories for finance in the seventies /$$cJudith Stein.
000342453 260__ $$aNew Haven [Conn.] :$$bYale University Press,$$cc2010.
000342453 300__ $$axvi, 367 p. :$$bill. ;$$c25 cm.
000342453 500__ $$a"Published with assistance from the Kingsley Trust Association Publication Fund."
000342453 504__ $$aIncludes bibliographical references and index.
000342453 5050_ $$a1. "The great compression" -- 2. 1971: affluence challenged and restored -- 3. 1972: the last election of the 1960s -- 4. OPEC and the trade unionism of the developing world -- 5. 1975: "capitalism is on the run" -- 6. 1976: morality and economy -- 7. International Keynesianism in a troubled world -- 8. Labor to capital: domestic Keynesianism on the ropes -- 9. From virtuous circle to perfect storm: oil crisis, II -- 10. 1979-80: "the gnomes of Zurich got their way" -- 11. Age of inequality.
000342453 520__ $$aIn this fascinating new history, Judith Stein argues that in order to understand our current economic crisis we need to look back to the 1970s and the end of the age of the factory--the era of postwar liberalism, created by the New Deal, whose practices, high wages, and regulated capital produced both robust economic growth and greater income equality. When high oil prices and economic competition from Japan and Germany battered the American economy, new policies--both international and domestic--became necessary. But war was waged against inflation, rather than against unemployment, and the government promoted a balanced budget instead of growth. This, says Stein, marked the beginning of the age of finance and subsequent deregulation, free trade, low taxation, and weak unions that has fostered inequality and now the worst recession in eighty years. Drawing on extensive archival research and covering the economic, intellectual, political, and labor history of the decade, Stein provides a wealth of information on the 1970s. She also shows that to restore prosperity today, America needs a new model: more factories and fewer financial houses. --Publisher's description.
000342453 650_0 $$aKeynesian economics.
000342453 650_0 $$aFinancial institutions$$zUnited States.
000342453 651_0 $$aUnited States$$xEconomic policy$$y1971-1981.
000342453 651_0 $$aUnited States$$xPolitics and government$$y1969-1974.
000342453 651_0 $$aUnited States$$xPolitics and government$$y1974-1977.
000342453 651_0 $$aUnited States$$xPolitics and government$$y1977-1981.
000342453 85200 $$bgen$$hHC106.7$$i.S74$$i2010
000342453 909CO $$ooai:library.usi.edu:342453$$pGLOBAL_SET
000342453 980__ $$aBIB
000342453 980__ $$aBOOK