Against thrift
why consumer culture is good for the economy, the environment, and your soul
by James Livingston
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"Since the financial meltdown of 2008, economists, journalists, and politicians have uniformly insisted that to restore the American Dream and renew economic growth, we need to save more and spend less. In his provocative new book, historian James Livingston-author of the classic Origins of the Federal Reserve System-breaks from the consensus to argue that underconsumption caused the current crisis and will prolong it. By viewing the Great Recession through the prism of the Great Depression, Livingston proves that private investment is not the engine of growth we assume it to be. Tax cuts for business are therefore a recipe for disaster. If our goal is to reproduce the economic growth of the postwar era, we need a redistribution of income that reduces corporate profits, raises wages, and promotes consumer spending"--
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Against thrift: why consumer culture is good for the economy, the environment, and your soul
2011, Basic Books
in English
0465021867 9780465021864
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Includes bibliographical references and index.
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| February 28, 2020 | Edited by MARC Bot | remove fake subjects |
| July 17, 2019 | Edited by MARC Bot | import existing book |
| January 8, 2019 | Edited by MARC Bot | import existing book |
| July 14, 2017 | Edited by Mek | adding subject: Internet Archive Wishlist |
| November 23, 2011 | Created by LC Bot | import new book |