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Books > Social sciences > Politics & government > Central government > Central government policies
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The Pathology of the US Economy - The Costs of a Low-Wage System (Paperback, New Ed)
Loot Price: R1,376
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The Pathology of the US Economy - The Costs of a Low-Wage System (Paperback, New Ed)
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This book demonstrates the calamitous consequences of the current
US policies that follow a Haitian model of low wage development.
The author makes his case by describing the decades-long unfolding
of the current crisis in the US economy following the post-war
boom. From the beginning, the boom contained the seeds of its own
destruction. As the boom disintegrated, attempts to stabilize the
economy made matters even worse. Efforts at profit maximization
reinforced the problems. For example, attacks on both labour and
government reinforced the decline. This work warns against framing
policies predicated upon either Keynesian or neo-classical theory
since both suffer from an unwarranted belief that a market economy
can avoid crisis with appropriate economic management.
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