Golden Age of Capitalism - Reinterpreting the Postwar Experience

Zusatztext This volume is a welcome addition to the growing literature on the nature of capitalist development in the advanced economies since the second world war ... this volume is a useful starting point for anyone attempting to discover the parameters of the golden age of capitalism. Klappentext The period after World War Two! with its sustained growth and high employment rate! has been referred to as the "golden age" of capitalism. Blending historical analysis with economic theory! this work presents essays that scrutinize the institutions that fostered this growth and highemployment as well as the forces which later undermined the effectiveness of these institutions in the 1960s and 70s. The authors discuss the evolution of the historical background! the macroeconomic structure! the international order! the systems of production! as well as the "rules ofcoordination." They use this to show that the golden age! like other historical epochs! must be understood as a series of interacting institutions--all operating in different areas! but sometimes interlocking with one another and crucial to an intelligent analysis of a critical period in theAmerican experience. Contributors include A. Glyn! A. Hughes! A. Lipietz! A. Singh! G. Epstein! J. Schor! S. Marglin! A. Bhaduri! S. Bowles! R. Boyer! R. Rowthorn! and M. Aoki. Zusammenfassung This study seeks to understand the rise and fall of the "golden age" of monetarist capitalism enjoyed by Western countries from the end of World War II until the 1960s. Blending historical analysis with economic theory, it questions the basis of present policy-making and provides policy proposals. Inhaltsverzeichnis Lal Jayawardena: Preface; Stephen A. Marglin: Lessons of the golden age: an overview; Andrew Glyn, Alan Hughes, Alan Lipietz, & Ajit Singh: The rise and fall of the golden age; Gerald Epstein, & Juliet Schor: Macropolicy in the rise and fall of the golden age; Stephen A. Marglin & Amit Bhaduri: Profit squeeze and Keynesian theory; Samuel Bowles, & Robert Boyer: A wage-led employment regime: income distribution, labour discipline, and aggregate demand in welfare capitalism; Bob Rowthorn, & Andrew Glyn: The diversity of unemployment experience since 1973; Masahiko Aoki: A new paradigm of work organization and co-ordination: lessons from Japanese experience; references; index....

Product details

• Authors: Stephen A. Schor Marglin
• Assisted by: Stephen A. Marglin (Editor), Juliet B. Schor (Editor), Schor Juliet B. (Editor)
• Publisher: Oxford University Press
• Languages: English
• Product format: Paperback / Softback
• Released: 23.01.1992
• EAN: 9780198287414
• ISBN: 978-0-19-828741-4
• No. of pages: 340
• Series: WIDER Studies in Development Economics; Wider Studies in Development E; WIDER Studies in Development Economics
• Subjects: Humanities, art, music > History > General, dictionaries; Social sciences, law, business > Business > General, dictionaries; Postwar 20th century history, from c 1945 to c 2000, BUSINESS & ECONOMICS / Economic History, BUSINESS & ECONOMICS / International / General, BUSINESS & ECONOMICS / Economics / Macroeconomics, HISTORY / World, macroeconomics, General & world history, Economic history, International Economics, c 1960 to c 1970, Later 20th century c 1950 to c 1999, c 1950 to c 1959, General and world history, c 1960 to c 1969, C 1945 To C 1960