This book describes the deep contradictions plague market economies. It shows how the influence of these contradictions sometimes subsides, allowing the economy to perform relatively well. But in time, these contradictions accumulate and economy declines as if it suffers from some degenerative disease. The policies designed to rise above these contradictions often spawn even more severe contradictions. This book describes how these contradictions have affected the economy of the United States in the past and the dangers that the future poses. For example, policies to stimulate the economy eventually lead to stagnation. Policies to make hold down wages make business even more uncompetitive. It also analyzes the destructive consequences of the military, finance, and the Federal Reserve. Finally, it debunks the mythological promise of a New Economy.
- ISBN10 6613178950
- ISBN13 9786613178954
- Publish Date 12 January 2002 (first published 1 January 2002)
- Publish Status Active
- Out of Print 4 September 2012
- Publish Country US
- Imprint Palgrave MacMillan
- Format eBook
- Pages 256
- Language English