Prosperity and Public Spending (Routledge Revivals): Transformational growth and the role of government...

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Edward Nell

Prosperity and Public Spending (Routledge Revivals)

Transformational growth and the role of government

Edward Nell

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English

Routledge
18 December 2009

Political economy; Public finance

Series: Routledge Revivals

"In a dramatic and well-argued challenge to the prevailing wisdom, Prosperity and Public Spending, first published in 1988, contends that the failure of Keynesian economics has been due to its timidity. Far from contracting, the government must expand its powers and activities, in order to achieve and maintain economic prosperity. The need for such expansion arises from the fact that the system has developed from a craft-based economy to a mass-production network with sophisticated international finance. This ""transformational growth"" brings about irreversible and sometimes devastating changes, requiring government action. Professor Nell argues that a lack of government action in the decade prior to the book’s initial publication was responsible for the stagnation of the economy and he asserts that this could only be overcome by a determined policy intervention and the political will to achieve dominance over private capital."

By: Edward Nell
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 530g
ISBN: 9780415572880
ISBN 10: 0415572886
Series: Routledge Revivals
Pages: 288
Publication Date: 18 December 2009
Audience: College/higher education , General/trade , Primary , ELT Advanced
Format: Paperback
Publisher's Status: Active

Edward Nell