Capital Resurgent: Roots of the Neoliberal Revolution

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9780674011588: Capital Resurgent: Roots of the Neoliberal Revolution
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Roots of the Neoliberal Revolution

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This remarkable book offers a closely argued and persuasive interpretation of the political economy of Europe and the U.S. from 1970 to the present, based on a much wider discussion ranging in time from the late 19th century, and touching on the history of the industrializing countries of Asia and Latin America. The interpretation of contemporary political economy offers fresh and challenging perspectives to the ongoing debate about world economic policy.--Duncan K. Foley, The New School for Social Research

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The advent of economic neoliberalism in the 1980s triggered a shift in the world economy. In the three decades following World War II, now considered a golden age of capitalism, economic growth was high and income inequality decreasing. But in the mid-1970s this social compact was broken as the world economy entered the stagflation crisis, following a decline in the profitability of capital. This crisis opened a new phase of stagnating growth and wages, and unemployment. Interest rates as well as dividend flows rose, and income inequality widened. Economists Gerard Dumenil and Dominique Levy show that, despite free market platitudes, neoliberalism was a planned effort by financial interests against the postwar Keynesian compromise. The cluster of neoliberal policies - including privatisation, liberalisation of world trade, and reduction in state welfare benefits - is an expression of the power of finance in the world economy. The sequence of events initiated by neoliberalism was not unprecedented. In the late nineteenth century, when economic conditions were similar to those of the 1970s, a structural crisis led to the first financial hegemony culminating in the speculative boom of the late 1920s. The authors argue persuasively for stabilising the world economy before we run headlong into another economic disaster.

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Gerard Dumenil, Dominique Levy
Publicado por HARVARD UNIVERSITY PRESS, United States (2004)
ISBN 10: 0674011589 ISBN 13: 9780674011588
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Descripción HARVARD UNIVERSITY PRESS, United States, 2004. Hardback. Condición: New. Language: English . Brand New Book. The advent of economic neoliberalism in the 1980s triggered a shift in the world economy. In the three decades following World War II, now considered a golden age of capitalism, economic growth was high and income inequality decreasing. But in the mid-1970s this social compact was broken as the world economy entered the stagflation crisis, following a decline in the profitability of capital. This crisis opened a new phase of stagnating growth and wages, and unemployment. Interest rates as well as dividend flows rose, and income inequality widened. Economists Gerard Dumenil and Dominique Levy show that, despite free market platitudes, neoliberalism was a planned effort by financial interests against the postwar Keynesian compromise. The cluster of neoliberal policies - including privatisation, liberalisation of world trade, and reduction in state welfare benefits - is an expression of the power of finance in the world economy. The sequence of events initiated by neoliberalism was not unprecedented. In the late nineteenth century, when economic conditions were similar to those of the 1970s, a structural crisis led to the first financial hegemony culminating in the speculative boom of the late 1920s. The authors argue persuasively for stabilising the world economy before we run headlong into another economic disaster. Nº de ref. del artículo: AAH9780674011588

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Gerard Dumenil (author), Dominique Levy (author)
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Descripción Harvard University Press 2004-05-07, Cambridge, Mass. |London, 2004. hardback. Condición: New. Nº de ref. del artículo: 9780674011588

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Gerard Dumenil, Dominique Levy
Publicado por HARVARD UNIVERSITY PRESS, United States (2004)
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Descripción HARVARD UNIVERSITY PRESS, United States, 2004. Hardback. Condición: New. Language: English . Brand New Book. The advent of economic neoliberalism in the 1980s triggered a shift in the world economy. In the three decades following World War II, now considered a golden age of capitalism, economic growth was high and income inequality decreasing. But in the mid-1970s this social compact was broken as the world economy entered the stagflation crisis, following a decline in the profitability of capital. This crisis opened a new phase of stagnating growth and wages, and unemployment. Interest rates as well as dividend flows rose, and income inequality widened. Economists Gerard Dumenil and Dominique Levy show that, despite free market platitudes, neoliberalism was a planned effort by financial interests against the postwar Keynesian compromise. The cluster of neoliberal policies - including privatisation, liberalisation of world trade, and reduction in state welfare benefits - is an expression of the power of finance in the world economy. The sequence of events initiated by neoliberalism was not unprecedented. In the late nineteenth century, when economic conditions were similar to those of the 1970s, a structural crisis led to the first financial hegemony culminating in the speculative boom of the late 1920s. The authors argue persuasively for stabilising the world economy before we run headlong into another economic disaster. Nº de ref. del artículo: AAH9780674011588

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Descripción Harvard Univ Press. Condición: BRAND NEW. BRAND NEW Hardcover A Brand New Quality Book from a Full-Time Veteran Owned Bookshop in business since 1992!. Nº de ref. del artículo: 2667865

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Dumenil, Gerard
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Descripción Harvard University Press, 2004. HRD. Condición: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Nº de ref. del artículo: WH-9780674011588

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Gérard DuménilDominique Lévy
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Descripción 2004. Hardback. Condición: NEW. 9780674011588 This listing is a new book, a title currently in-print which we order directly and immediately from the publisher. For all enquiries, please contact Herb Tandree Philosophy Books directly - customer service is our primary goal. Nº de ref. del artículo: HTANDREE0808862

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Gerard Dumenil
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Gérard Duménil; Dominique Lévy
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Gérard Duménil, Dominique Lévy, Derek Jeffers (Translator)
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