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Reforming Capitalism for the Common Good - Essays in Institutional and Post-Keynesian Economics (Hardcover)
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Reforming Capitalism for the Common Good - Essays in Institutional and Post-Keynesian Economics (Hardcover)
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This book of selected essays presents constructive analyses of
vital economic problems confronting the United States since the
1970s, giving special attention to challenges facing working
families. The analyses, produced by Charles Whalen over three
decades, address the causes and consequences of macroeconomic
instability, job offshoring, community economic dislocation,
financialization, and income inequality. They also explore the
various dimensions of worker insecurity and underscore the dynamics
of an ever-changing economy. The result is a compelling case for
reforming capitalism by addressing workers' interests as an
integral part of the common good, and for reconstructing economics
in the direction of post-Keynesian institutionalism. Whalen's
reformist approach builds not only on the institutional economics
of John R. Commons, but also on the post-Keynesianism of Hyman
Minsky, who stressed that society should be democratic and humane.
To that end, the book gives attention to policy-making processes as
well as policy details. Scholars and students of economics and
labor studies will appreciate the incisive analyses and real-world
focus. Historians and economic sociologists will be interested in
the book's attention to the evolution of US capitalism; and policy
analysts and concerned citizens will welcome its emphasis on
economic reform and optimistic vision for our economic future.
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