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The Rise and Fall of Neoliberal Capitalism (Hardback)
  • The Rise and Fall of Neoliberal Capitalism (Hardback)
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The Rise and Fall of Neoliberal Capitalism (Hardback)

(author)
£29.95
Hardback 280 Pages / Published: 03/02/2015
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The collapse that began in 2008 continues to burden the world economy. David Kotz, one of the few academic economists to predict it, argues that the ongoing crisis is not simply the aftermath of financial panic and severe recession but is a structural crisis of neoliberal capitalism whose resolution will require major institutional restructuring.

Publisher: Harvard University Press
ISBN: 9780674725652
Number of pages: 280
Weight: 544 g
Dimensions: 241 x 163 x 23 mm


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Here is the carefully researched backstory to how the heyday of right-wing economic policies came about, and why it is ending. Kotz provides the most compelling explanation to date of how a coalition of U.S. business interests dismantled the institutions and norms that had underpinned the long period of shared growth from the end of the Second World War to the early 1970s. He goes on to show how the return to a more free-market version of capitalism allowed them to hold down wages and expand their wealth, while setting the U.S. economy on course for the financial shipwreck of 2008. This is a convincing account of a sorry chapter in the history of the U.S. economy, now coming to a close.

--Samuel Bowles, Santa Fe Institute and author of Microeconomics: Behavior, Institutions, and Evolution
Professor Kotz provides an instructive analysis of the neoliberal form of capitalism prevailing in the United States--its origins, its modus operandi, its critical weaknesses, and its future prospects. Particularly illuminating is his history of the U.S. economy, showing how successive institutional forms of capitalism have resulted in a crisis that can only be resolved through significant institutional change.--Thomas Weisskopf, University of Michigan, Ann Arbor

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