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The Resource The rise and fall of neoliberal capitalism, David M. Kotz

The rise and fall of neoliberal capitalism, David M. Kotz

Label
The rise and fall of neoliberal capitalism
Title
The rise and fall of neoliberal capitalism
Statement of responsibility
David M. Kotz
Creator
Subject
Language
eng
Summary
The financial and economic collapse that began in the United States in 2008 and spread to the rest of the world continues to burden the global economy. David Kotz, who was one of the few academic economists to predict it, argues that the ongoing economic crisis is not simply the aftermath of financial panic and an unusually severe recession but instead is a structural crisis of neoliberal, or free-market, capitalism. Consequently, continuing stagnation cannot be resolved by policy measures alone. It requires major institutional restructuring. Kotz analyzes the reasons for the rise of free-market ideas, policies, and institutions beginning around 1980. He shows how the neoliberal capitalism that resulted was able to produce a series of long although tepid economic expansions, punctuated by relatively brief recessions, as well as a low rate of inflation. This created the impression of a "Great Moderation." However, the very same factors that promoted long expansions and low inflation<U+0127> �growing inequality, an increasingly risk-seeking financial sector, and a series of large asset bubbles<U+0127> �were not only objectionable in themselves but also put the economy on an unsustainable trajectory. Kotz interprets the current push for austerity as an attempt to deepen and preserve neoliberal capitalism. However, both economic theory and history suggest that neither austerity measures nor other policy adjustments can bring another period of stable economic expansion. Kotz considers several possible directions of economic restructuring, concluding that significant economic change is likely in the years ahead.--
Assigning source
Provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorDate
1943-
http://library.link/vocab/creatorName
Kotz, David M.
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Neoliberalism
  • Capitalism
  • United States
  • United States
Label
The rise and fall of neoliberal capitalism, David M. Kotz
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 253-264) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Contents
Introduction -- What is neoliberalism? -- The rise of neoliberal capitalism -- How has neoliberal capitalism worked? -- Crisis -- Lessons of history -- Possible future paths
Control code
FIEb17663064
Dimensions
25 cm.
Extent
xiii, 270 pages
Isbn
9780674725652
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
Other physical details
illustrations
System control number
  • 18143897
  • (OCoLC)879538890
Label
The rise and fall of neoliberal capitalism, David M. Kotz
Publication
Bibliography note
Includes bibliographical references (pages 253-264) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Contents
Introduction -- What is neoliberalism? -- The rise of neoliberal capitalism -- How has neoliberal capitalism worked? -- Crisis -- Lessons of history -- Possible future paths
Control code
FIEb17663064
Dimensions
25 cm.
Extent
xiii, 270 pages
Isbn
9780674725652
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
Other physical details
illustrations
System control number
  • 18143897
  • (OCoLC)879538890

Library Locations

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      43.803074 11.283055
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