Economic breakdown & recovery : theory and policy /: theory and policy. (2016)

• Record Type: Book
• Uniform Title: Theory of economic breakdown
• Further Information: Note: John Cornwall ; with a foreword by David Colander.
• Other Names: Cornwall, John
• Contents: Introduction I: Framework -- I.1. Must Democratic Capitalism Fail? -- I.2. Can Democratic Capitalism Succeed? -- I.3. A Keynesian View -- I.4. Understanding Today's Difficulties -- I.5. An Extended Framework of Analysis -- I.6. Unemployment is the Issue -- I.7. The Tasks Ahead -- 1. How should we do Macroeconomics? -- 1.2. Why Do Governments Choose Unemployment Policies? -- 1.3. The Basic Causes -- 1.4. A Framework for Studying Performance -- 1.5. The Second Blade of the Scissors -- 1.6. The Second Limitation -- 1.7. An Institutional-Analytical Approach -- 2. The Evolutionary Nature of Twentieth-century Capitalism -- 2.2. A Comparison of Unemployment and Growth Rates -- 2.3. The Rise of the Welfare State -- 2.4. The Rising Power of Labor -- 2.5. Industrial Relations and the Rising Power of Labor -- 2.6. Strike Activity and the Size of the Welfare State -- 2.7. Inflation and the Rising Power of Labor -- 2.8. The Breakdown in the Early 1970s -- 3. A Reappraisal of Vertical Phillip: Curve Analysis -- 3.1. Is Keynes Irrelevant? -- 3.2. The Natural Rate Hypothesis Once More -- 3.3. New Strands in Vertical Phillips Curve Analysis -- 3.4. The Alpha Strand -- 3.5. Vertical Phillips Curves: The Beta Strand -- 3.6. Some Counter-arguments -- 3.7. Hysteresis Effects -- Appendix A: The Reliability of Nonaccelerating Inflation Rate of Unemployment Estimates -- Appendix B: Pigou Reborn -- 4. Some Basic Determinants of Unemployment -- 4.2. Public Choice Theory -- 4.3. Policy Outcomes and Organizational Competition -- 4.4. Party Control as an Explanation of Policy Choices -- 4.5. Cross-country Analysis -- 4.6. Party Control and Economic Policy -- 4.7. A Political Economist's Analysis of Unemployment -- 4.8. The Basic Causes of Unemployment -- 4.9. A Question of Terminology -- 4.10. A Multitude of Constraints -- 4.11. The Relevant Institutional Constraints -- 5. Macroeconomic Performance and Institutions -- 5.2. Party Control and Unemployment before the Breakdown -- 5.3. The Impact of Unions on Inflation -- 5.4. Inflation as a Prisoner's Dilemma -- 5.5. Why Phillips Curves Differ -- 5.6. Corporatism -- 5.7. Social Democratic Corporatism -- 5.8. Pluralist Economies -- 5.9. Bourgeois Democratic Corporatism -- 5.10. Alternative Forms of Corporatism -- Switzerland -- 5.11. Alternative Forms of Corporatism -- Japan -- 5.12. Why the Cross-country Phillips Curve is Horizontal -- 6. Econometric Tests of Institutional influences -- 6.2. Measures of Social Bargains -- 6.3. Simple Correlations -- 6.4. Unemployment Rates, 1963-1973 -- 6.5. Unemployment Accounting -- 6.6. Cross-country Differences in the Misery Index, Price Inflation, and Wage Inflation, 1963-1973 -- 6.7. Tarantelli's Study -- 6.8. An Evaluation -- 6.9. What Can We Learn from the Experience before the Breakdown? -- 6.10. Why Were Unemployment Rates So Low in the OECD? -- Introduction II: Breakdown -- II.2. Stability Downward -- Instability Upward -- II.3. Instability Downward -- Stability Upward -- II.4. A Misdirected Research Program -- 7. Unemployment Performance Since the Breakdown -- 7.1. A Look at the Record -- 7.2. Regression Analysis: Unemployment in the Post-war Period -- 7.3. Why Did Some Succeed? -- Appendix A: A Formal Analysis of the Immediate and Basic Determinants of Unemployment and Inflation -- 8. High Inflation and Policy-Induced High Unemployment -- 8.1. Starting Over -- 8.2. The Variable-coefficient Phillips Curve -- 8.3. Fairness and the Dynamics of Inflation -- 8.4. Variable-coefficient Models of Inflation -- 8.5. The Eckstein-Brinner Model of Inflation -- 8.6. The Workings of the Model -- 8.7. Are Workers Fooled? -- 8.8. The Shifting Long-run Variable-coefficient Phillips Curve -- 8.9. Hysteresis and the Variable-coefficient Phillips Curve -- Appendix A: Analytical Solutions -- Appendix B: Regression Analysis -- 9. Explaining the Breakdown -- 9.2. The "Great Post-war Inflation" -- 9.3. Stages of the "Great Inflation" -- 9.4. Breakdown -- 9.5. The Rising Inflation Costs -- 9.6. The Ineffectiveness of Traditional Payments Policies -- 10. A Model of Long-run Mass Unemployment -- 10.1. Weak and Strong Corporatist and Pluralist Economies -- 10.2. Exporting Unemployment -- 10.3. A Coordinated Stimulative Policy is Not Sufficient for World Recovery -- 10.4. Looking to the Future -- 10.5. Why Restrictive Aggregate Demand Policies Are So Costly -- 10.6. Why Restrictive Aggregate Demand Policies Are Ineffective in the Long Run -- Introduction III: Recovery -- III.2. Outline of Part III -- 11. The Boom of the 1980s and its Aftermath -- 11.2. The Booms of the 1960s and 1980s -- 11.3. A Non-linear Model of the Cycle -- 11.4. The Relationship between Booms and Slumps -- 11.5. Path Dependence in the 1959-73 and 1982-92 Periods -- 11.6. The Aftermath -- 12. A Program for Economic Recovery In the United States -- 12.2. Paradigms and Recovery Programs -- 12.3. The Unemployment Record in the Twentieth Century -- 12.4. An Outline of the Program -- 12.5. Creating the Ideological Climate -- Keynes Reborn, Part One -- 12.6. Creating the Ideological Climate -- Keynes Reborn, Part Two -- 12.7. Budget Dynamics and the Interaction of the Budget and the Economy -- 12.8. Creating the Ideological Climate -- the Social Bargain -- 12.9. The Hierarchy of Policy Goals -- 12.10. A Diagrammatic Exposition -- 12.11. The Clinton Program for Recovery -- 12.12. What About the Demand Side? -- 12.13. What About the Supply Side? -- 13. Choosing the Future -- 13.1. Policy Options -- 13.2. Recreating the Nineteenth Century -- 13.3. A Program for the Future -- 13.4. Studying Economic Breakdown -- 13.5. Path Dependence in Capitalist Development -- 13.6. Choosing the Wrong Future.
• Edition: [Third edition]
• Publisher Details: London : Routledge
• Publication Date: 2016
• Extent: 1 online resource (320 pages)
• Subjects: 338.5/42; SOCIAL SCIENCE / Research; Business cycles; Capitalism; Economic history; Cycles économiques -- 20e siècle; Capitalisme -- 20e siècle; Histoire économique; Business cycles -- History -- 20th century; Capitalism -- History -- 20th century; Economic history -- 1971-1990; Cycles économiques -- Histoire -- 20e siècle; Capitalisme -- Histoire -- 20e siècle; Histoire économique -- 1971-1990; Business cycles; Kapitalisme; Arbeitslosigkeit; Beschäftigung; Konjunkturzyklus; Konjunkturzyklus; Beschäftigung; Arbeitslosigkeit; History
• Languages: English
• ISBNs: 9781315287232; 1315287234
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.