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Author: Melinda Cooper Publisher: Princeton University Press ISBN: 1942130945 Category : Political Science Languages : en Pages : 436
Book Description
A thorough investigation of the current combination of austerity and extravagance that characterizes government spending and central bank monetary policy At the close of the 1970s, government treasuries and central banks took a vow of perpetual self-restraint. To this day, fiscal authorities fret over soaring public debt burdens, while central bankers wring their hands at the slightest sign of rising wages. As the brief reprieve of coronavirus spending made clear, no departure from government austerity will be tolerated without a corresponding act of penance. Yet we misunderstand the scope of neoliberal public finance if we assume austerity to be its sole setting. Beyond the zero-sum game of direct claims on state budgets lies a realm of indirect government spending that escapes the naked eye. Capital gains are multiply subsidized by a tax system that reserves its greatest rewards for financial asset holders. And for all its airs of haughty asceticism, the Federal Reserve has become adept at facilitating the inflation of asset values while ruthlessly suppressing wages. Neoliberalism is as extravagant as it is austere, and this paradox needs to be grasped if we are to challenge its core modus operandi. Melinda Cooper examines the major schools of thought that have shaped neoliberal common sense around public finance. Focusing, in particular, on Virginia school public choice theory and supply-side economics, she shows how these currents produced distinct but ultimately complementary responses to the capitalist crisis of the 1970s. With its intellectual roots in the conservative Southern Democratic tradition, Virginia school public choice theory espoused an austere doctrine of budget balance. The supply-side movement, by contrast, advocated tax cuts without spending restraint and debt issuance without guilt, in an apparent repudiation of austerity. Yet, for all their differences, the two schools converged around the need to rein in the redistributive uses of public spending. Together, they drove a counterrevolution in public finance that deepened the divide between rich and poor and revived the fortunes of dynastic wealth. Far-reaching as the neoliberal counterrevolution has been, Cooper still identifies a counterfactual history of unrealized possibilities in the capitalist crisis of the 1970s. She concludes by inviting us to rethink the concept of revolution and raises the question: Is another politics of extravagance possible?
Author: Brent Tarter Publisher: ISBN: 9780813938776 Category : Debts, Public Languages : en Pages : 0
Book Description
In the lead-up to the Civil War, Virginia, like other southern states, amassed a large public debt while striving to improve transportation infrastructure and stimulate economic development. A Saga of the New South delves into the largely untold story of the decades-long postwar controversies over the repayment of that debt. The result is a major reinterpretation of late-nineteenth-century Virginia political history. The post-Civil War public debt controversy in Virginia reshaped the state's political landscape twice. First it created the conditions under which the Readjuster Party, a biracial coalition of radical reformers, seized control of the state government in 1879 and successfully refinanced the debt; then it gave rise to a counterrevolution that led the elitist Democratic Party to eighty years of dominance in the state's politics. Despite the Readjusters' victory in refinancing the debt and their increased spending for the popular new system of free public schools, the debt controversy generated a long train of legal disputes--at least eighty-five cases reached the Virginia Supreme Court of Appeals, and twenty-nine reached the Supreme Court of the United States. Through an in-depth look at these political and legal contests, A Saga of the New South sheds new light on the many obstacles that reformers faced in Virginia and the South after the Civil War.
Author: Melinda Cooper Publisher: Princeton University Press ISBN: 1942130945 Category : Political Science Languages : en Pages : 436
Book Description
A thorough investigation of the current combination of austerity and extravagance that characterizes government spending and central bank monetary policy At the close of the 1970s, government treasuries and central banks took a vow of perpetual self-restraint. To this day, fiscal authorities fret over soaring public debt burdens, while central bankers wring their hands at the slightest sign of rising wages. As the brief reprieve of coronavirus spending made clear, no departure from government austerity will be tolerated without a corresponding act of penance. Yet we misunderstand the scope of neoliberal public finance if we assume austerity to be its sole setting. Beyond the zero-sum game of direct claims on state budgets lies a realm of indirect government spending that escapes the naked eye. Capital gains are multiply subsidized by a tax system that reserves its greatest rewards for financial asset holders. And for all its airs of haughty asceticism, the Federal Reserve has become adept at facilitating the inflation of asset values while ruthlessly suppressing wages. Neoliberalism is as extravagant as it is austere, and this paradox needs to be grasped if we are to challenge its core modus operandi. Melinda Cooper examines the major schools of thought that have shaped neoliberal common sense around public finance. Focusing, in particular, on Virginia school public choice theory and supply-side economics, she shows how these currents produced distinct but ultimately complementary responses to the capitalist crisis of the 1970s. With its intellectual roots in the conservative Southern Democratic tradition, Virginia school public choice theory espoused an austere doctrine of budget balance. The supply-side movement, by contrast, advocated tax cuts without spending restraint and debt issuance without guilt, in an apparent repudiation of austerity. Yet, for all their differences, the two schools converged around the need to rein in the redistributive uses of public spending. Together, they drove a counterrevolution in public finance that deepened the divide between rich and poor and revived the fortunes of dynastic wealth. Far-reaching as the neoliberal counterrevolution has been, Cooper still identifies a counterfactual history of unrealized possibilities in the capitalist crisis of the 1970s. She concludes by inviting us to rethink the concept of revolution and raises the question: Is another politics of extravagance possible?
Author: John Jakes Publisher: Open Road Media ISBN: 1453255982 Category : Fiction Languages : en Pages : 1140
Book Description
DIVThe first volume of John Jakes’s acclaimed and sweeping saga about a friendship threatened by the divisions of the Civil War /divDIV In the years leading up to the Civil War, one enduring friendship embodies the tensions of a nation. Orry Main from South Carolina and George Hazard from Pennsylvania forge a lasting bond while training at the United States Military Academy at West Point. Together they fight in the Mexican-American War, but their closeness is tested as their regional politics diverge. As the first rounds are fired at Fort Sumter, Orry and George find themselves on different sides of the coming struggle. In John Jakes’s unmatched style, North and South launches a trilogy that captures the fierce passions of a country at the precipice of disaster. This ebook features an illustrated biography of John Jakes including rare images from the author’s personal collection./div
Author: Robert Hicks Publisher: Grand Central Publishing ISBN: 0759514437 Category : Fiction Languages : en Pages : 487
Book Description
Based on a true story, this debut Civil War novel follows a Southern plantation woman's journey of transforming her home into a hospital for the war. This debut novel is based on the true story of Carrie McGavock. During the Civil War's Battle of Franklin, a five-hour bloodbath with 9,200 casualties, McGavock's home was turned into a field hospital where four generals died. For 40 years she tended the private cemetery on her property where more than 1,000 were laid to rest.
Author: Melba Porter Hay Publisher: University Press of Kentucky ISBN: 0813173264 Category : Biography & Autobiography Languages : en Pages : 369
Book Description
Preeminent Kentucky reformer and women's rights advocate Madeline McDowell Breckinridge (1872–1920) was at the forefront of social change during the late nineteenth and early twentieth centuries. A descendant of Henry Clay and the daughter of two of Kentucky's most prominent families, Breckinridge had a remarkably varied activist career that included roles in the promotion of public health, education, women's rights, and charity. Founder of the Lexington Civic League and Associated Charities, Breckinridge successfully lobbied to create parks and playgrounds and to establish a juvenile court system in Kentucky. She also became president of the Kentucky Equal Rights Association, served as vice president of the National American Woman Suffrage Association, and even campaigned across the country for the League of Nations. In the first biography of Breckinridge since 1921, Madeline McDowell Breckinridge and the Battle for a New South, Melba Porter Hay draws on newly discovered correspondence and rich personal interviews with her female associates to illuminate the fascinating life of this important Kentucky activist. Deftly balancing Breckinridge's public reform efforts with her private concerns, Hay tells the story of Madeline's marriage to Desha Breckinridge, editor of the Lexington Herald, and how she used the match to her advantage by promoting social causes in the newspaper. Hay also chronicles Breckinridge's ordeals with tuberculosis and amputation, and emotionally trying episodes of family betrayal and sex scandals. Hay describes how Breckinridge's physical struggles and personal losses transformed her from a privileged socialite into a selfless advocate for the disadvantaged. Later as vice president of the National American Women Suffrage Association, Breckinridge lobbied for Kentucky's ratification of the Nineteenth Amendment, which gave women the right to vote in 1920. While devoting much of her life to the woman suffrage movement on the local and national levels, she also supported the antituberculosis movement, social programs for the poor, compulsory school attendance, and laws regulating child labor. In bringing to life this extraordinary reformer, Hay shows how Breckinridge championed Kentucky's social development during the Progressive Era.
Author: Brent Tarter Publisher: University of Virginia Press ISBN: 0813938767 Category : History Languages : en Pages : 232
Book Description
In the lead-up to the Civil War, Virginia, like other southern states, amassed a large public debt while striving to improve transportation infrastructure and stimulate economic development. A Saga of the New South delves into the largely untold story of the decades-long postwar controversies over the repayment of that debt. The result is a major reinterpretation of late-nineteenth-century Virginia political history. The post–Civil War public debt controversy in Virginia reshaped the state’s political landscape twice. First it created the conditions under which the Readjuster Party, a biracial coalition of radical reformers, seized control of the state government in 1879 and successfully refinanced the debt; then it gave rise to a counterrevolution that led the elitist Democratic Party to eighty years of dominance in the state's politics. Despite the Readjusters’ victory in refinancing the debt and their increased spending for the popular new system of free public schools, the debt controversy generated a long train of legal disputes—at least eighty-five cases reached the Virginia Supreme Court of Appeals, and twenty-nine reached the Supreme Court of the United States. Through an in-depth look at these political and legal contests, A Saga of the New South sheds new light on the many obstacles that reformers faced in Virginia and the South after the Civil War.
Author: John Jakes Publisher: Open Road Media ISBN: 1480430471 Category : Fiction Languages : en Pages : 3647
Book Description
Two families are united—and torn apart—by the Civil War in these three dramatic novels by the #1 New York Times–bestselling master of the historical epic. In North and South, the first volume of John Jakes’s acclaimed and sweeping saga, a friendship is threatened by the divisions of the Civil War. In the years leading up to the Civil War, one enduring friendship embodies the tensions of a nation. Orry Main from South Carolina and George Hazard from Pennsylvania forge a lasting bond while training at the United States Military Academy at West Point. Together they fight in the Mexican-American War, but their closeness is tested as their regional politics diverge. As the first rounds are fired at Fort Sumter, Orry and George find themselves on different sides of the coming struggle. In John Jakes’s unmatched style, North and South launches a trilogy that captures the fierce passions of a country at the precipice of disaster. In Love and War, the Main and Hazard families clash on and off the Civil War’s battlefields as they grapple with the violent realities of a divided nation. With the Confederate and Union armies furiously fighting, the once-steadfast bond between the Main and Hazard families continues to be tested. From opposite sides of the conflict, they face heartache and triumph on the frontlines as they fight for the future of the nation and their loved ones. With his impeccable research and unfailing devotion to the historical record, John Jakes offers his most enthralling and enduring tale yet. In Heaven and Hell, the battle between the Mains and Hazards—and Confederate and Union armies—comes to a brilliant end. The last days of the Civil War bring no peace for the Main and Hazard families. As the Mains’ South smolders in the ruins of defeat, the Hazards’ North pushes blindly for relentless industrial progress. Both the nation and the families’ long-standing bond hover on the brink of destruction. In the series’ epic conclusion, Jakes expertly blends personal conflict with historical events, crafting a haunting page-turner about America’s constant change and unyielding hope. This “entertaining [and] authentic dramatization” (The New York Times) is a thrilling tale of shifting loyalties, set during one of the darkest moments in American history.
Author: Edward L. Ayers Publisher: Oxford University Press on Demand ISBN: 9780195326871 Category : History Languages : en Pages : 579
Book Description
At a public picnic in the South in the 1890s, a young man paid five cents for his first chance to hear the revolutionary Edison talking machine. He eagerly listened as the soundman placed the needle down, only to find that through the tubes he held to his ears came the chilling sounds of a lynching. In this story, with its blend of new technology and old hatreds, genteel picnics and mob violence, Edward Ayers captures the history of the South in the years between Reconstruction and the turn of the century - a combination of progress and reaction that defined the contradictory promise of the New South. Ranging from the Georgia coast to the Tennessee mountains, from the power brokers to tenant farmers, Ayers depicts a land of startling contrasts - a time of progress and repression, of new industries and old ways. Ayers takes us from remote Southern towns, revolutionized by the spread of the railroads, to the statehouses where Democratic "Redeemers" swept away the legacy of Reconstruction; from the small farmers, trapped into growing nothing but cotton, to the new industries of Birmingham; from abuse and intimacy in the family to tumultuous public meetings of the prohibitionists. He explores every aspect of society, politics, and the economy, detailing the importance of each in the emerging New South. Here is the local Baptist congregation, the country store, the tobacco-stained second-class railroad car, the rise of Populism: the teeming, nineteenth-century South comes to life in these pages. And central to the entire story is the role of race relations, from alliances and friendships between blacks and whites to the spread of Jim Crow laws and disenfranchisement. Ayers weaves all thesedetails into the contradictory story of the New South, showing how the region developed the patterns it was to follow for the next fifty years. When Edward Ayers published Vengeance & Justice, a landmark study of crime and punishment in the nineteenth-century South, he received universal acclaim. Now he provides an unforgettable account of the New South - a land with one foot in the future and the other in the past.
Author: C. Vann Woodward Publisher: LSU Press ISBN: 9780807100196 Category : History Languages : en Pages : 676
Book Description
Winner of the Bancroft Prize After more than two decades, Origins of the New South is still recognized both as a classic in regional historiography and as the most perceptive account yet written on the period which spawned the New South. Historian Sheldon Hackney recently summed it up this way: “The pyramid still stands. Origins of the New South has survived relatively untarnished through twenty years of productive scholarship, including the eras of consensus and of the new radicalism. . . . Woodward recognizes both the likelihood of failure and the necessity of struggle. It is this profound ambiguity which makes his work so interesting. Like the myth of Sisyphus, Origins of the New South still speaks to our condition.” This enlarged edition contains a new preface by the author and a critical essay on recent works by Charles B. Dew.
Author: Melinda Cooper
Author: Brent Tarter
Author: Melinda Cooper
Author: John Jakes
Author: C. Vann Woodward
Author: Robert Hicks
Author: Melba Porter Hay
Author: Brent Tarter
Author: John Jakes
Author: Edward L. Ayers
Author: C. Vann Woodward