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Author: Michael Hudson
Publisher:
ISBN: 9783980846684
Category : Economics
Languages : en
Pages : 392
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Book Description
The contribution of the American School of Political Economy (1848 to 1914) to America's wildly successful industrial development has disappeared from today's history books. American protectionists and technology theorists of the day were concerned with securing an economic competitive advantage and conversely, with offsetting the soil depletion of 19th century America's plantation export agriculture. They also emphasized the positive effect of rising wage levels and living standards on the productivity that made the American economic takeoff possible. The American School's "Economy of High Wages" doctrine stands in contrast to the ideology of free traders everywhere who accept low wages and existing productivity as permanent and unchanging "givens," and who treat higher consumption, health and educational standards merely as deadweight costs. Free trade logic remains the buttress of today's financial austerity policies imposed on debtor economies by the United States, the World Bank, and the International Monetary Fund. By contrast, the lessons of the American School of Political Economy can provide a more realistic and positive role model for other countries to emulate - what the United States itself has done, not what its condescending "free-trade" diplomats are telling them to do. The lesson is to adopt the protectionist policies of the late 19th and early 20th centuries that made America an economic superpower. Michael Hudson (Distinguished Professor of Economics, University of Missouri, Kansas City) is a frequent contributor to The Financial Times, Counterpunch, and Global Research.
Author: Michael Hudson
Publisher:
ISBN: 9783980846684
Category : Economics
Languages : en
Pages : 392
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Book Description
The contribution of the American School of Political Economy (1848 to 1914) to America's wildly successful industrial development has disappeared from today's history books. American protectionists and technology theorists of the day were concerned with securing an economic competitive advantage and conversely, with offsetting the soil depletion of 19th century America's plantation export agriculture. They also emphasized the positive effect of rising wage levels and living standards on the productivity that made the American economic takeoff possible. The American School's "Economy of High Wages" doctrine stands in contrast to the ideology of free traders everywhere who accept low wages and existing productivity as permanent and unchanging "givens," and who treat higher consumption, health and educational standards merely as deadweight costs. Free trade logic remains the buttress of today's financial austerity policies imposed on debtor economies by the United States, the World Bank, and the International Monetary Fund. By contrast, the lessons of the American School of Political Economy can provide a more realistic and positive role model for other countries to emulate - what the United States itself has done, not what its condescending "free-trade" diplomats are telling them to do. The lesson is to adopt the protectionist policies of the late 19th and early 20th centuries that made America an economic superpower. Michael Hudson (Distinguished Professor of Economics, University of Missouri, Kansas City) is a frequent contributor to The Financial Times, Counterpunch, and Global Research.
Author: Robert G. Chambers
Publisher: Cambridge University Press
ISBN: 9780521785235
Category : Business & Economics
Languages : en
Pages : 396
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Book Description
This book presents a justification of the state-contingent approach to the economics of uncertainty.
Author: R. Michael Wilson
Publisher: McFarland
ISBN: 0786456337
Category : History
Languages : en
Pages : 229
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Book Description
This reference work contains details of all the crimes resulting in executions in the fifteen western American territories. For each territory, entries are arranged chronologically and entered under the name of the condemned. Each entry provides the date, location, background and actions of the crime; details of the trial and execution of sentence; and references to the crime and execution in contemporary newspapers.
Author: George H. Cassar
Publisher: Potomac Books, Inc.
ISBN: 1612344453
Category : History
Languages : en
Pages : 390
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Book Description
A new study of one of Britain's most famous soldiers.
Author: Clinton Rossiter
Publisher: Cornell University Press
ISBN: 9780801491610
Category : Biography & Autobiography
Languages : en
Pages : 260
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Book Description
A concise treatment of presidential power by a brilliant writer is once again made available with the reissue of this book, first published in 1951. The book is brought superbly up to date by one of Rossiter's former students, Richard P. Longaker. New material covers vital events of the past twenty-five years, including the steel seizure and the dispatch of troops to Korea under Truman, civil disturbances and the Gulf of Tonkin episode under Johnson, the Pentagon Papers case, and the confrontation between Nixon and the Supreme Court.
Author: Michael Hudson
Publisher:
ISBN: 9783981484205
Category : Capitalism
Languages : en
Pages : 481
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Book Description
The Bubble and Beyond, describes how the fabulous expansive forces of industrial capitalism have been subverted by a predatory finance capitalism. What the FED hailed as The Great Moderation has left the middle class to take on a lifetime of bank debt to obtain access to housing, education to get a job, an auto to drive to it, and simply to maintain living standards that wages and salaries no longer support. What has derailed the economy is the take-over of academic economics and politics by the financial sector in order to censor criticism and misrepresent statistics so as to give the impression that the economy can borrow its way out of debt. The reality is that income used to pay down today s debt overhead is not available to be spent on goods and services. The result is debt deflation, followed by austerity and the the "fire sale" or decay of infrastructure at the national and local levels. The most controversial claim by Prof. Hudson is that Debts that can t be paid, won t be. The question he poses is whether their non-payment will lead to worldwide foreclosures including sell-offs of the public domain by debt-strapped local and national governments or whether they will be written down in line with the ability to pay. This is the economic issue that will dominate politics over the next generation. Illustrated with charts and exhibits that make it plain where money goes versus where it should go.
Author: Donald R. Culverson
Publisher: Routledge
ISBN: 042972165X
Category : Social Science
Languages : en
Pages : 157
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Book Description
This book examines how U.S. citizen groups have been drawn to the issue to develop more comprehensive explanations of American connections to the production and distribution of wealth and poverty in southern Africa and to expand options for transnational citizen activism.
Author: Massoud Karshenas
Publisher: CUP Archive
ISBN: 9780521383516
Category : Business & Economics
Languages : en
Pages : 336
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Book Description
An examination of the problems of economic growth and structural change in oil-exploring economies which focuses on the experience of Iran. The author argues that oil income can make a substantial contribution to industrial growth, subject to the adoption of appropriate policy measures.
Author: Alexander T. Wells
Publisher: Krieger Publishing Company
ISBN: 9781575241920
Category : Aircraft industry
Languages : en
Pages : 0
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Book Description
This is an extensive survey of the role of general aviation in our air transportation system and its impact upon the economy. It is divided into three parts; a historical perspective and general overview, FBO management and, finally, marketing processes as they apply to general aircraft.
Author: U. P. Hedrick
Publisher: New York Oxford University Press 1950.
ISBN:
Category : Gardening
Languages : en
Pages : 608
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Book Description
