Search Results

The Land of Too Much

Download or Read eBook The Land of Too Much PDF written by Monica Prasad and published by Harvard University Press. This book was released on 2012-12-31 with total page 306 pages. Available in PDF, EPUB and Kindle.
The Land of Too Much
Author :
Publisher : Harvard University Press
Total Pages : 306
Release :
ISBN-10 : 9780674071544
ISBN-13 : 0674071549
Rating : 4/5 (44 Downloads)

Book Synopsis The Land of Too Much by : Monica Prasad

Book excerpt: The Land of Too Much presents a simple but powerful hypothesis that addresses three questions: Why does the United States have more poverty than any other developed country? Why did it experience an attack on state intervention starting in the 1980s, known today as the neoliberal revolution? And why did it recently suffer the greatest economic meltdown in seventy-five years? Although the United States is often considered a liberal, laissez-faire state, Monica Prasad marshals convincing evidence to the contrary. Indeed, she argues that a strong tradition of government intervention undermined the development of a European-style welfare state. The demand-side theory of comparative political economy she develops here explains how and why this happened. Her argument begins in the late nineteenth century, when America’s explosive economic growth overwhelmed world markets, causing price declines everywhere. While European countries adopted protectionist policies in response, in the United States lower prices spurred an agrarian movement that rearranged the political landscape. The federal government instituted progressive taxation and a series of strict financial regulations that ironically resulted in more freely available credit. As European countries developed growth models focused on investment and exports, the United States developed a growth model based on consumption. These large-scale interventions led to economic growth that met citizen needs through private credit rather than through social welfare policies. Among the outcomes have been higher poverty, a backlash against taxation and regulation, and a housing bubble fueled by “mortgage Keynesianism.” This book will launch a thousand debates.


The Land of Too Much Related Books

The Land of Too Much
Language: en
Pages: 306
Authors: Monica Prasad
Categories: Social Science
Type: BOOK - Published: 2012-12-31 - Publisher: Harvard University Press

DOWNLOAD EBOOK

The Land of Too Much presents a simple but powerful hypothesis that addresses three questions: Why does the United States have more poverty than any other devel
The Prosperity Paradox
Language: en
Pages: 416
Authors: Clayton M. Christensen
Categories: Business & Economics
Type: BOOK - Published: 2019-01-15 - Publisher: HarperCollins

DOWNLOAD EBOOK

New York Times–bestselling Author: “Powerful . . . a compelling case for the game-changing role of innovation in some of the world’s most desperate econom
The Economics of Poverty Traps
Language: en
Pages: 425
Authors: Christopher B. Barrett
Categories: Business & Economics
Type: BOOK - Published: 2018-12-07 - Publisher: University of Chicago Press

DOWNLOAD EBOOK

What circumstances or behaviors turn poverty into a cycle that perpetuates across generations? The answer to this question carries especially important implicat
The Paradox Of Wealth And Poverty
Language: en
Pages: 231
Authors: Daniel Little
Categories: Philosophy
Type: BOOK - Published: 2018-02-07 - Publisher: Routledge

DOWNLOAD EBOOK

We live in a time of human paradoxes. Scientific knowledge has reached a level of sophistication that permits understanding of the most arcane phenomena and yet
The Paradox of Africa's Poverty
Language: en
Pages: 292
Authors: Tirfe Mammo
Categories: Indigenous peoples
Type: BOOK - Published: 1999 - Publisher: The Red Sea Press

DOWNLOAD EBOOK

Taking Ethiopia as a case study, this work examines the prevailing views on the poverty of much of Africa and argues that the current situation can be reversed
Scroll to top