The Land of Too Much : : American Abundance and the Paradox of Poverty / / Monica Prasad.
The Land of Too Much presents a simple but powerful hypothesis that addresses three questions: Why does the United States have more poverty than any other developed country? Why did it experience an attack on state intervention starting in the 1980s, known today as the neoliberal revolution? And why...
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Place / Publishing House: | Cambridge, MA : : Harvard University Press, , [2012] ©2012 |
Year of Publication: | 2012 |
Language: | English |
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Physical Description: | 1 online resource (270 p.) :; 2 line illustrations, 11 graphs, 7 tables |
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Prasad, Monica, author. aut http://id.loc.gov/vocabulary/relators/aut The Land of Too Much : American Abundance and the Paradox of Poverty / Monica Prasad. Cambridge, MA : Harvard University Press, [2012] ©2012 1 online resource (270 p.) : 2 line illustrations, 11 graphs, 7 tables text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontmatter -- Contents -- 1 The Farmers' Tour -- 2 Comparing Capitalisms -- 3 A Demand- Side Theory of Comparative Political Economy -- 4 The Non- History of National Sales Tax -- 5 The Land of Too Much -- 6 Progressive Taxation and the Welfare State -- 7 American Adversarial Regulation -- 8 The Democratization of Credit -- 9 The Credit/Welfare State Trade- Off -- 10 American Mortgage Keynesianism: Summary and Policy Implications -- Notes -- References -- Acknowledgments -- Index restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star The Land of Too Much presents a simple but powerful hypothesis that addresses three questions: Why does the United States have more poverty than any other developed country? Why did it experience an attack on state intervention starting in the 1980s, known today as the neoliberal revolution? And why did it recently suffer the greatest economic meltdown in seventy-five years? Although the United States is often considered a liberal, laissez-faire state, Monica Prasad marshals convincing evidence to the contrary. Indeed, she argues that a strong tradition of government intervention undermined the development of a European-style welfare state. The demand-side theory of comparative political economy she develops here explains how and why this happened. Her argument begins in the late nineteenth century, when America's explosive economic growth overwhelmed world markets, causing price declines everywhere. While European countries adopted protectionist policies in response, in the United States lower prices spurred an agrarian movement that rearranged the political landscape. The federal government instituted progressive taxation and a series of strict financial regulations that ironically resulted in more freely available credit. As European countries developed growth models focused on investment and exports, the United States developed a growth model based on consumption. These large-scale interventions led to economic growth that met citizen needs through private credit rather than through social welfare policies. Among the outcomes have been higher poverty, a backlash against taxation and regulation, and a housing bubble fueled by "mortgage Keynesianism." This book will launch a thousand debates. Issued also in print. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 15. Sep 2020) Economic policy. Fiscal policy United States. Fiscal policy. Social policy. Wirtschaft. SOCIAL SCIENCE / Sociology / General. bisacsh Title is part of eBook package: De Gruyter E-BOOK GESAMTPAKET / COMPLETE PACKAGE 2013 9783110317350 ZDB-23-DGG Title is part of eBook package: De Gruyter E-BOOK PACKAGE HISTORY, POLITICAL SCIENCE, SOCIOLOGY 2013 9783110317121 Title is part of eBook package: De Gruyter E-BOOK PAKET GESCHICHTE, POLITIKWISS., SOZIOLOGIE 2013 9783110317114 ZDB-23-DPS Title is part of eBook package: De Gruyter HUP eBook Package Backlist 2000-2013 9783110442205 print 9780674066526 https://doi.org/10.4159/harvard.9780674067813 https://www.degruyter.com/isbn/9780674067813 Cover https://www.degruyter.com/cover/covers/9780674067813.jpg |
language |
English |
format |
eBook |
author |
Prasad, Monica, Prasad, Monica, |
spellingShingle |
Prasad, Monica, Prasad, Monica, The Land of Too Much : American Abundance and the Paradox of Poverty / Frontmatter -- Contents -- 1 The Farmers' Tour -- 2 Comparing Capitalisms -- 3 A Demand- Side Theory of Comparative Political Economy -- 4 The Non- History of National Sales Tax -- 5 The Land of Too Much -- 6 Progressive Taxation and the Welfare State -- 7 American Adversarial Regulation -- 8 The Democratization of Credit -- 9 The Credit/Welfare State Trade- Off -- 10 American Mortgage Keynesianism: Summary and Policy Implications -- Notes -- References -- Acknowledgments -- Index |
author_facet |
Prasad, Monica, Prasad, Monica, |
author_variant |
m p mp m p mp |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Prasad, Monica, |
title |
The Land of Too Much : American Abundance and the Paradox of Poverty / |
title_sub |
American Abundance and the Paradox of Poverty / |
title_full |
The Land of Too Much : American Abundance and the Paradox of Poverty / Monica Prasad. |
title_fullStr |
The Land of Too Much : American Abundance and the Paradox of Poverty / Monica Prasad. |
title_full_unstemmed |
The Land of Too Much : American Abundance and the Paradox of Poverty / Monica Prasad. |
title_auth |
The Land of Too Much : American Abundance and the Paradox of Poverty / |
title_alt |
Frontmatter -- Contents -- 1 The Farmers' Tour -- 2 Comparing Capitalisms -- 3 A Demand- Side Theory of Comparative Political Economy -- 4 The Non- History of National Sales Tax -- 5 The Land of Too Much -- 6 Progressive Taxation and the Welfare State -- 7 American Adversarial Regulation -- 8 The Democratization of Credit -- 9 The Credit/Welfare State Trade- Off -- 10 American Mortgage Keynesianism: Summary and Policy Implications -- Notes -- References -- Acknowledgments -- Index |
title_new |
The Land of Too Much : |
title_sort |
the land of too much : american abundance and the paradox of poverty / |
publisher |
Harvard University Press, |
publishDate |
2012 |
physical |
1 online resource (270 p.) : 2 line illustrations, 11 graphs, 7 tables Issued also in print. |
contents |
Frontmatter -- Contents -- 1 The Farmers' Tour -- 2 Comparing Capitalisms -- 3 A Demand- Side Theory of Comparative Political Economy -- 4 The Non- History of National Sales Tax -- 5 The Land of Too Much -- 6 Progressive Taxation and the Welfare State -- 7 American Adversarial Regulation -- 8 The Democratization of Credit -- 9 The Credit/Welfare State Trade- Off -- 10 American Mortgage Keynesianism: Summary and Policy Implications -- Notes -- References -- Acknowledgments -- Index |
isbn |
9780674067813 9783110317350 9783110317121 9783110317114 9783110442205 9780674066526 |
callnumber-first |
H - Social Science |
callnumber-subject |
HC - Economic History and Conditions |
callnumber-label |
HC103 |
callnumber-sort |
HC 3103 |
geographic_facet |
United States. |
url |
https://doi.org/10.4159/harvard.9780674067813 https://www.degruyter.com/isbn/9780674067813 https://www.degruyter.com/cover/covers/9780674067813.jpg |
illustrated |
Not Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
338 - Production |
dewey-full |
338.5/2120973 |
dewey-sort |
3338.5 72120973 |
dewey-raw |
338.5/2120973 |
dewey-search |
338.5/2120973 |
doi_str_mv |
10.4159/harvard.9780674067813 |
oclc_num |
979588449 |
work_keys_str_mv |
AT prasadmonica thelandoftoomuchamericanabundanceandtheparadoxofpoverty AT prasadmonica landoftoomuchamericanabundanceandtheparadoxofpoverty |
status_str |
n |
ids_txt_mv |
(DE-B1597)178057 (OCoLC)979588449 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter E-BOOK GESAMTPAKET / COMPLETE PACKAGE 2013 Title is part of eBook package: De Gruyter E-BOOK PACKAGE HISTORY, POLITICAL SCIENCE, SOCIOLOGY 2013 Title is part of eBook package: De Gruyter E-BOOK PAKET GESCHICHTE, POLITIKWISS., SOZIOLOGIE 2013 Title is part of eBook package: De Gruyter HUP eBook Package Backlist 2000-2013 |
is_hierarchy_title |
The Land of Too Much : American Abundance and the Paradox of Poverty / |
container_title |
Title is part of eBook package: De Gruyter E-BOOK GESAMTPAKET / COMPLETE PACKAGE 2013 |
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1770176211584024576 |
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