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Sure to spark controversy, this book, reminiscent of the bestsellers Politics of Rich and Poor and Day of Reckoning, tells the real truth about America's long term economic decline—what caused it, what it has done to Americans, and what Americans should do about it.
Disputing with economists who blame declining U.S. living standards on inflation, federal budget deficits, shoddy education or low levels of investment, Madrick views these presumed causes as the consequences of a sharp slowdown in U.S. economic growth since 1973. Smaller annual growth rates, in his often provocative analysis, have translated into lost jobs, stagnating wages, eroding markets, insecure pensions and reduced home-ownership. Former Business Week finance editor and a former NBC economic reporter, Madrick believes that Americans will create a realistic national agenda only when they abandon misplaced optimism by recognizing that slower economic growth may well be permanent and a structural rather than a cyclical phenomenon. Although offering a few concrete proposals, he recommends more investment in plants, equipment and research and development. He sets as top priorities control of health care costs and greater allocations to schools, day care centers and libraries. Author tour. (Sept.)
| Price | Condition | Delivery | Seller | Action |
| $99.99 | Digital |
| WonderClub |
Corey Reid
reviewed The End of Affluence: The Causes and Consequences of America's Economic Dilemma on September 08, 2007
The End of Affluence: The Causes and Consequences of America's Economic Dilemma
Focus of this book is the rate of growth of US Economy. From 1870 to 1973, US economy grew at rate of 3.4% (excluding inflation) and 2.3% from 1973 to 1993. Much of US optimism about economic outlook, even today, has been forged in time of great economic expansion. Much of the issues facing the nation today can be traced back to slowing economic expansion. Though the author does not have answers to issues on social security, medicare/medicaid, and deficit, this book will make readers aware (and begin to criticize) economic policies created with optimistic view of the US economy when what we need to do is accept the slowing economic growth and devise policies accordingly.
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Add The End of Affluence: The Causes and Consequences of America's Economic Dilemma, Sure to spark controversy, this book, reminiscent of the bestsellers Politics of Rich and Poor and Day of Reckoning, tells the real truth about America's long term economic decline—what caused it, what it has done to Americans, and what Americans should d, The End of Affluence: The Causes and Consequences of America's Economic Dilemma to the inventory that you are selling on WonderClubX
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Add The End of Affluence: The Causes and Consequences of America's Economic Dilemma, Sure to spark controversy, this book, reminiscent of the bestsellers Politics of Rich and Poor and Day of Reckoning, tells the real truth about America's long term economic decline—what caused it, what it has done to Americans, and what Americans should d, The End of Affluence: The Causes and Consequences of America's Economic Dilemma to your collection on WonderClub |
