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Full Description
This controversial book shows that there is more to economics than dry models and esoteric equations. By investigating the rise and fall of postwar Keynesianism and focusing on the experience of the United States, the author adopts an interdisciplinary approach to show that economics is rooted in the flesh and blood history of social conflict. This timely study concludes with a discussion of the viability of Keynesianism today, in the context of recurrent crisis in the global economy and the rise of new social movements.
Contents
Acknowledgements Introduction: The Social Meaning of Economics The Making of the Keynesianism of Keynes Keynes' Scientific System The Mass Worker and Ford's Strategy War, Class War and the Making of the Social Microfoundation of Keynesianism War Planning and the Rise of the Keynesian Orthodoxy The Institutional Features of Postwar Keynesianism The Theoretical Features of Postwar Keynesianism Economic Modelling and Social Conflict 1: The Fiscal Multiplier Economic Modelling and Social Conflict II: Inflation and the Phillips Curve Conclusion: Looking Ahead What Then? References Index
