Pivotal decade : how the United States traded factories for finance in the seventies / Judith Stein.
Material type: TextPublisher: New Haven ; London : Yale University Press, 2010Copyright date: ©2010Description: xvi, 367 pages : illustrations ; 24 cmContent type:- text
- unmediated
- volume
- 9780300171501 (pbk.)
- 23 330.973092 STE 019304
Item type | Current library | Call number | Status | Date due | Barcode |
---|---|---|---|---|---|
Book | Indian Institute for Human Settlements, Bangalore | 330.973092 STE 019304 (Browse shelf(Opens below)) | Available | 019304 |
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330.973 STE 010545 Concrete economics : | 330.9730021 GUI 002725 Guide to economic indicators : | 330.973091 DOM 016031 The corporate rich and the power elite in the twentieth century : | 330.973092 STE 019304 Pivotal decade : how the United States traded factories for finance in the seventies / | 330.973092 THU 006839 The zero-sum society : | 330.9730931 HAS 015517 Never too big to fail : the collapse of IL&FS and its ten trillion-rupee maze / | 330.9730931 HAS 015608 Never too big to fail : the collapse of IL&FS and its ten trillion-rupee maze / |
"Published with assistance from the Kingsley Trust Association Publication Fund."
Includes bibliographical references (pages 301-355) and index.
In 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.
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