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Panic Rules!: Everything You Need to Know about the Global Economy by Hahnel, R
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- Buy It NowPanic Rules!: Everything You Need to Know about the Global Economy by Hahnel, R
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eBay item number:305433436143
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Item specifics
- Condition
- ISBN
- 9780896086098
- Book Title
- Panic Rules! : Everything You Need to Know about the Global Economy
- Item Length
- 8.4in
- Publisher
- South End Press
- Publication Year
- 1999
- Format
- Trade Paperback
- Language
- English
- Item Height
- 0.3in
- Genre
- Business & Economics, History, Political Science
- Topic
- International / Economics, Economic History, United States / 20th Century, General, Economics / General, Public Policy / Economic Policy
- Item Width
- 5.4in
- Item Weight
- 6 Oz
- Number of Pages
- 125 Pages
About this product
Product Information
Contents Foreword by Jeremy Brecher Introduction Chapter 1 The Bloom off the Boom Chapter 2 Deconstructing the Neoliberal Myth Chapter 3 The Latest Bust Chapter 4 Understanding the Crisis Chapter 5 How Asia Caught the Flu Chapter 6 The IMF to the Rescue Chapter 7 What Should We Want? What Should We Fear? Chapter 8 Mainstream Reform Proposals Chapter 9 Progressive Reform Proposals Conclusion Lilliputian Luddites Until Globalization Can Be Built from Below An Excerpt from Panic Rules! By Robin Hahnel Boom and Bust Among economic systems, capitalism is the manic-depressive patient. Exuberance, unbridled optimism, and euphoria are followed by gloom, listlessness, and depression. But no matter how often the cycle is repeated the patient always believes the latest boom will last forever, only to feel foolish again when the bubble bursts. And no matter how often the patient reverts to manic behavior when taken off medication, the economic "psychiatric" establishment eventually succumbs to the patient's pleas to be taken off medication during the "ups"-freeing the exuberant economy from policy restraints-only to insist on placing the patient back on meds-re-application of necessary policy protections-when the unmedicated patient "crashes." The Latest Boom The truth is that neither part of capitalism's manic-depressive boom-and-bust cycle is "healthy." Like most capitalist booms, the benefits of global liberalization during the 1980s and 1990s were not all they were made out to be. In fact, most people in the world were worse off economically at the end of the latest boom than they had been when it began-that is, even before the over-hyped boom metamorphosed into the global economic crisis of 1997-98. How is this possible, you ask? We were told "the world economy grew at 3 percent a year in the 1980s and 2 percent in the first half of the 1990s," and that "low- and middle-income economies grew more rapidly, averaging 3.4 percent growth in the 1980s and 5 percent in the 1990s." We were assured that "growth in trade from increased trade liberalization that has gone hand-in-hand with increased private capital flows and financial integration,"
Product Identifiers
Publisher
South End Press
ISBN-10
0896086097
ISBN-13
9780896086098
eBay Product ID (ePID)
1149819
Product Key Features
Book Title
Panic Rules! : Everything You Need to Know about the Global Economy
Format
Trade Paperback
Language
English
Topic
International / Economics, Economic History, United States / 20th Century, General, Economics / General, Public Policy / Economic Policy
Publication Year
1999
Genre
Business & Economics, History, Political Science
Number of Pages
125 Pages
Dimensions
Item Length
8.4in
Item Height
0.3in
Item Width
5.4in
Item Weight
6 Oz
Additional Product Features
Lc Classification Number
Hb3722.H34 1999
Copyright Date
1999
Target Audience
Trade
Lccn
99-023928
Dewey Decimal
332/.042
Dewey Edition
21
Illustrated
Yes
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eBay item number:305433436143
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