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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Prosperity and Public Spending (Routledge Revivals): Transformational growth and the role of government

Prosperity and Public Spending (Routledge Revivals): Transformational growth and the role of government

Nell, Edward

Hardcover

Series: Routledge Revivals

EconomicsGeneral Political ScienceUnited States Politics

ISBN10: 0415571049
ISBN13: 9780415571043
Publisher: Routledge
Published: Oct 23 2009
Pages: 288
Weight: 1.28
Height: 0.69 Width: 6.14 Depth: 9.21
Language: English

In a dramatic and well-argued challenge to the prevailing wisdom, Prosperity and Public Spending, first published in 1988, contends that the failure of Keynesian economics has been due to its timidity. Far from contracting, the government must expand its powers and activities, in order to achieve and maintain economic prosperity. The need for such expansion arises from the fact that the system has developed from a craft-based economy to a mass-production network with sophisticated international finance. This transformational growth brings about irreversible and sometimes devastating changes, requiring government action. Professor Nell argues that a lack of government action in the decade prior to the book's initial publication was responsible for the stagnation of the economy and he asserts that this could only be overcome by a determined policy intervention and the political will to achieve dominance over private capital.

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