Wednesday, May 7, 2014

On why the Golden Age of Capitalism was better than this revived Gilded Age

No need for a lot of discussion. The Golden Age of Capitalism (in the graph 1947-79)--the world that resulted from the reforms to deal with the Great Depression (the New Deal) and the reorganization of the world after the victory against Fascism, with strong unions, high taxes for the rich, and a string of social programs for the poor and minorities--was a better world.

No comments:

Post a Comment

Integration, spurious convergence, and financial fragility: a post-Keynesian interpretation of the Spanish crisis

Here is to another crisis like this one! Paper co-authored with Esteban Pérez that was a Levy Institute working paper is published. F...