Failure by Design: The Story behind America's Broken Economy (An Economic Policy Institute Book)
| Author | : | |
| Rating | : | 4.89 (622 Votes) |
| Asin | : | 0801450152 |
| Format Type | : | paperback |
| Number of Pages | : | 120 Pages |
| Publish Date | : | 2016-05-02 |
| Language | : | English |
DESCRIPTION:
What growth we did see in the economy was fueled by staggering increases in private-sector debt and a housing bubble that artificially inflated wealth by trillions of dollars. economy's struggle to emerge from the Great Recession of 2008. Intended as both a stand-alone volume and a companion to the new State of Working America website that presents all of the data underlying this cogent analysis, Failure by Design will become required reading as a road map to the economic problems th
"Bivens succeeds at exposing the 'cracked foundation' of the economy .: falling wages, assaults on unionism, globalization for workers and insulation for elites, the rise of the nonproductive financial sector, and the abandonment of full employment as a policy target. Summing up: Highly recommended."Choice (January 2012). These included minimum wage erosion by inflation; weakening of laws governing unions and collective bargaining; globalization that benefitted the already privileged; and slow growth of wages and income at the middle of the income distribution . In graph after carefully and simply explained graph, Bivens walks the reader through the historical trajectory of these and other economic developments that have come to define the current situation."Cecilio Morales, America (29 August 2011) "In this useful and timely work, Bivens provides an assessment that will clarify for many the widely held view that the current 'great recession' need not have occu
Seing the forest for the trees The outcomes attributed to the statistics are obvions to all but entrenched ideologues who will dispell them as they do anything contrary to what they believe. The évidence that what we are living is attrbutable to the policies put in place over the past thirty years plus are however evident to rational minds. We reap what we sow. That the authors have chosen to break with tradition and advan. Noam Chomsky recommends Failure By Design E. West It's an easy read and worth reading. The title is quite accurate. It's failure in the sense that for the large majority of the population there has been essentially no progress, even though there's been substantial wealth produced. The economy itself is far less productive than it ought to be. Production for what people need is far less. It's of course been a spectacular success for a tiny portion o. Five Stars Important information and perspective for critical analysis of our current economic conditions.
He is the coauthor of every edition of The State of Working America.. Josh Bivens has been an economist at the Economic Policy Institute since 2002. He is the author of Failure by Design: The Story behind America's Broken Economy and coauthor of The State of Working America, 12th Edition, both from Cornell. Lawrence Mishel is the president of the Economic Policy Institute and its research director from 1987 to 1999