TY  - GEN
T1  - Pivotal decade : how the United States traded factories for finance in the seventies
A1  - Stein, Judith, 1940-2017
LA  - English
PP  - New Haven ; London
PB  - Yale University Press
YR  - 2010
UL  - https://ebooks.jgu.edu.in/Record/jstor_eba_ocn884499544
AB  - In this book, the author argues that in order to understand early twenty-first century economic crises, we need to look back to the 1970s and the end of the age of the factory - the era of postwar liberalism, created by the New Deal, whose practices, high wages, and regulated capital produced both robust economic growth and greater income equality. When high oil prices and economic competition from Japan and Germany battered the American economy, new policies - both international and domestic - became necessary. But war was waged against inflation, rather than against unemployment, and the government promoted a balanced budget instead of growth. This, says the author, marked the beginning of the age of finance and subsequent deregulation, free trade, low taxation, and weak unions that has fostered inequality and the worst recession in eighty years. Drawing on extensive archival research and covering the economic, intellectual, political, and labor history of the decade, the author provides a wealth of information on the 1970s. She also shows that to restore prosperity in the twenty-first century, America needs a new model: more factories and fewer financial houses. -- Publisher's description.
OP  - 367
NO  - "Published with assistance from the Kingsley Trust Association Publication Fund."
CN  - HC106.7 .S74 2010eb
SN  - 9780300163292
SN  - 0300163290
SN  - 9780300118186
SN  - 030011818X
SN  - 9780300171501
SN  - 0300171501
KW  - United States : Economic policy : 1971-1981.
KW  - Keynesian economics.
KW  - Financial institutions : United States.
KW  - United States : Politics and government : 1969-1974.
KW  - United States : Politics and government : 1974-1977.
KW  - United States : Politics and government : 1977-1981.
KW  - Keynésianisme.
KW  - Institutions financières : États-Unis.
KW  - États-Unis : Politique économique : 1971-1981.
KW  - États-Unis : Politique et gouvernement : 1969-1974.
KW  - États-Unis : Politique et gouvernement : 1974-1977.
KW  - États-Unis : Politique et gouvernement : 1977-1981.
KW  - BUSINESS & ECONOMICS / Economic History.
KW  - Economic policy
KW  - Financial institutions
KW  - Keynesian economics
KW  - Politics and government
KW  - United States
KW  - 1969-1981
ER  -