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North Castle Books


Economic Collapse, Economic Change: Getting to the Roots of the Crisis
Authored by: Arthur MacEwan; John A. Miller
 





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Cloth ISBN: 978-0-7656-3067-4 Paper ISBN: 978-0-7656-3068-1
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Information: 248pp. Tables, figures
Publication Date: June 2011.  

Comments/Reviews

Description: This thoughtful book offers a widely accessible account of the recent economic collapse and crisis, emphasizing the deep nexus of economic inequality, undemocratic power, and leave-it-to-the-market ideology at its root.

The authors develop this theory in detail, including clear analysis of the data, terms, and policies that dominate discussion of the crash. Based on their understanding of the origins of the crisis, they propose a program for reform that is equally dependent on popular action and changes in government policy.

The book's engaging prose makes it appealing both to students and to general readers seeking an understanding of the crisis that moves beyond recent headlines to address the underlying systems and conditions that continue to make the American economy vulnerable.


Selected Contents:

List of Tables and Figures
Preface

Part I: Economic Crisis, Causes, and Cures
1. What Ails the U.S. Economy: Understanding Causes to Find Cures
2. Where Are We Now? Why Is This a "Crisis"?

Part II: How We Got Here: The Changing Terrain of Inequality, Power, and Ideology
Introduction to Part II
3. Ideology and Power in the Post-World War II Era
4. The Turnaround: Change in the Last Quarter of the Twentieth Century

Part III: The Emergence of Crisis in the United States
Introduction to Part III
5. Setting the Stage: Loosening the Reins on Finance
6. Tracking the Evolution of the Crisis

Part IV: Globalization and Instability
Introduction to Part IV
7. Shaping the Global Economy
8. China, the United States, and the Crisis

Part V: Moving in a Different Direction
Introduction to Part V
9. Palliative Care: An Appraisal
10. Moving in a Different Direction

Appendix A: Brief Notes on Wealth and Power
Appendix B: What's Wrong with the Case for Free-Market Globalization?
Index
About the Authors

Comment(s): "The question we have to answer in this country is not what went wrong with the economy--that story has been told--but why things went so wrong, and why our safety mechanisms failed so badly. This book answers those questions persuasively and offers the kinds of structural solutions we need to get back on track. If you want to understand the issues behind the headlines, make this your guide." -- Congressman Raul Grijalva (D-AZ), and Co-Chair of the Congressional Progressive Caucus

"What caused the financial crisis and Great Recession of 2008-09? What needs to be done to prevent a recurrence? Can we rebuild the economy on foundations of fairness and stability as opposed to the Wall Street casino? Arthur MacEwan and John Miller take on all of these burning questions, and manage to answer them with both depth and clarity. Economic Collapse, Economic Change is an important new book that economic sophisticates and newcomers will be able to appreciate equally." -- Robert Pollin, University of Massachusetts Amherst, Co-Director of the Political Economy Research Institute

"MacEwan and Miller uncover long-simmering problems in the U.S. and global economies. This deftly written and jargon-free account is accessible for a variety of readers, yet it explores multiple dimensions of the crisis--from Wall Street to Main Street to the streets of Shanghai. Their account takes us from the post-World War II era through the current, tepid recovery. Critiquing half-hearted measures that fail to address the underlying structural causes of the 'Great Recession,' the authors propose alternative solutions to redress the power imbalances at the root of the crisis." -- Ellen Mutari, Richard Stockton College of New Jersey

"MacEwan and Miller don't just dissect the nature of our current economic crisis; they diagnose its roots in decades of policy foibles produced by a political system corrupted by gross inequality. And they do more than that. They outline a strategy for changing politics and policy that flows logically from their diagnosis. Anyone interested in keeping our country from going over an economic and social cliff should buy this book, read it carefully, and get their friends and colleagues to do the same." -- Peter B. Evans, University of California, Berkeley



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