The American Dream vs. The Gospel of Wealth: The Fight for a Productive Middle-Class EconomyYale University Press, 2008 M10 1 - 240 páginas Norton Garfinkle paints a disquieting picture of America today: a nation increasingly divided between economic winners and losers, a nation in which the middle-class American Dream seems more and more elusive. Recent government policies reflect a commitment to a new supply-side winner-take-all Gospel of Wealth. Garfinkle warns that this supply-side economic vision favors the privileged few over the majority of American citizens striving to better their economic condition.Garfinkle employs historical insight and data-based economic analysis to demonstrate compellingly the sharp departure of the supply-side Gospel of Wealth from an American ideal that dates back to Abraham Lincoln—the vision of America as a society in which ordinary, hard-working individuals can get ahead and attain a middle-class living, and in which government plays an active role in expanding opportunities and ensuring against economic exploitation. Supply-side economic policies increase economic disparities and, Garfinkle insists, they fail on technical, factual, moral, and political grounds. He outlines a fresh economic vision, consonant with the great American tradition of ensuring strong economic growth, while preserving the middle-class American Dream. |
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Página 8
... interest rates went through the roof. Moreover,Americans experienced ever-higher taxes as inflation drove them into higher and higher income tax brackets, brackets originally intended for the very rich. Supply-side economics arose in ...
... interest rates went through the roof. Moreover,Americans experienced ever-higher taxes as inflation drove them into higher and higher income tax brackets, brackets originally intended for the very rich. Supply-side economics arose in ...
Página 20
... interests of everybody.They serve the common good. They might not look fair at first glance, but they are fair because ... interest. And in a democracy, as in any society, the rich are not the majority. That is why issues of economic ...
... interests of everybody.They serve the common good. They might not look fair at first glance, but they are fair because ... interest. And in a democracy, as in any society, the rich are not the majority. That is why issues of economic ...
Página 24
... interest in looking inside the black box to see what makes it tick.As long as the black box yields good results, they are satisfied.Only if they see economic failure—as reflected in a downturn of their economic fortunes and those of ...
... interest in looking inside the black box to see what makes it tick.As long as the black box yields good results, they are satisfied.Only if they see economic failure—as reflected in a downturn of their economic fortunes and those of ...
Página 25
... interest in the specifics of economic policy creates problems. It prevents citizens from connecting the dots in ways that would help them protect their interests. For example, few voters entering the polls in November ...
... interest in the specifics of economic policy creates problems. It prevents citizens from connecting the dots in ways that would help them protect their interests. For example, few voters entering the polls in November ...
Página 39
... interests. The bank had had its share of problems, but on the whole it lent a vital stability to the nation's financial system. Jackson's destruction of the bank would condemn the nation to currency instability and a terrible cycle of ...
... interests. The bank had had its share of problems, but on the whole it lent a vital stability to the nation's financial system. Jackson's destruction of the bank would condemn the nation to currency instability and a terrible cycle of ...
Contenido
1 | |
12 | |
27 | |
47 | |
4 The Age of Reform | 69 |
5 The Business of America Is Business | 88 |
6 The Renewal of the American Dream | 107 |
7 The New Gospel of Wealth | 144 |
SupplySide vs DemandSide Economics | 163 |
9 The Way Forward | 189 |
GDP Consumption Investment Employment Unemployment and Marginal Tax Rates 19512004 | 201 |
Notes | 205 |
Index | 221 |
Otras ediciones - Ver todas
The American Dream vs. The Gospel of Wealth: The Fight for a Productive ... Norton Garfinkle Vista previa limitada - 2008 |
The American Dream Vs. the Gospel of Wealth: The Fight for a Productive ... Norton Garfinkle Vista previa limitada - 2007 |
Términos y frases comunes
administration American Dream argued average bank BEST Bureau Bush business investment called citizens claim consumer consumption created Deal decades deficit demand demand-side Democratic economic growth economic policy economists effect expand federal government first fiscal Gospel of Wealth growing hands HIGHEST historical House important improvements income tax rate increase increasingly individual industrial inflation interest investment issues Kennedy kind labor Lincoln major marginal income tax ment MIDDLE middle-class millions monetary nearly nomic opportunity ordinary percent political President problem Product progress prosperity Reagan reducing reform Republican result risk role Roosevelt Security social society spending strong substantial supply supply-side tax cuts tion top marginal income unemployment Union United vision workers WORST York