000 01613 a2200193 4500
020 _a0043390447
020 _a9780043390443
082 0 4 _a339.522
090 _c3669
_d3669
100 1 _aNell, Edward J.
245 1 0 _aProsperity and public spending :
_btransformational growth and the role of government /
_cEdward J. Nell.
260 _a[S.l.] :
_bUnwin Hyman,
_c1988.
300 _a224 p.
500 _aHardcover.
520 _aIn 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
856 _3Amazon.com
_uhttp://www.amazon.com/exec/obidos/ASIN/0043390447/chopaconline-2
856 _3Amazon customer reviews
_uhttp://www.chopac.org/cgi-bin/tools/azrev.pl?q=004339044
942 _aNBS
_cBK
_k339.522 NEL
999 _c346135
_d346135