Against The Conventional Wisdom
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€192.20
A01=Douglas Dowd
Asian Pacific Economic Council
Author_Douglas Dowd
Average Income
Category=JP
City Lines
Company's Ceo
Company’s Ceo
conventional wisdom
economic policy alternatives debate
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Federal Reserve
Federal Reserve System
finance capitalism
fiscal austerity impacts
free market ideology
Gdp Ratio
George III
Government Interventionism
High Income Shoppers
income inequality analysis
Junk Bonds
labor market dynamics
Military Expenditures
National City Lines
neoliberal policy critique
Reagan Cure
social policy evaluation
Social Security Trust Fund
socioeconomic policies
Top Secret
Vice Versa
War Ii
Welfare Reform
welfare state retrenchment
Welfare Warfare State
Product details
- ISBN 9780367010294
- Weight: 540g
- Dimensions: 144 x 225mm
- Publication Date: 23 May 2019
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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For the past twenty-five years, the United States has undergone a retrogression in its socioeconomic policies–facilitated and supported by most economists–thanks to the steady drumbeat of arguments by entrepreneurs and politicians who celebrate the free market for anything and everything and who advocate, among other follies, balanced budgets and reduced social expenditures. The consequences of these developments have already harmed millions of Americans; but in the present climate of opinion and politics, the policy direction is unlikely to be reversed. Against the Conventional Wisdom is a rallying cry against this stampede. It seeks to provide an analytical counterattack, showing that what has become “common sense” is not good sense economically or socially; is neither necessary nor desirable; and will deepen existing troubles, not resolve them. We cannot afford to continue to relive the 1920s–when the same arguments (and lack of disagreement) prevailed, when budgets were balanced, when finance capitalism and speculation took center stage. At that time a large proportion of the workforce found itself pushed aside by the 1920s version of downsizing and outsourcing, and the rich became much richer. In the opening chapters of the book, Douglas Dowd explores the reasoning and the realities of the free market ideology, in its original and present forms. Succeeding chapters treat in detail the human, social, and natural consequences of “rule by the market” over time and the dangers of allowing the market to rule today and tomorrow. The book concludes with suggested alternatives to current tendencies–alternatives that are simultaneously desirable, necessary, and realistic.
