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Author: Fred Haggerson Publisher: ISBN: 9783668293120 Category : Languages : en Pages : 32
Book Description
Polemic Paper from the year 2016 in the subject Business economics - Economic Policy, language: English, abstract: President Ronald Reagan promoted and passed into law provisions of an economic plan that came to be known as Reaganomics. The principles of his plan were based on the neoliberal economic theory originally developed by Friedrich Hayek and Ludwig Von Mises of the Austrian school of economics. The major principles followed by Reaganomics were as follows: 1) totally free markets, devoid of government intervention are the best way to promote economic growth and personal freedom, 2) the government should refrain from any interference economic matters, 3) taxes should be kept at as low as possible to stimulate economic growth, 4) government regulations should be eliminated except those that ensure contracts, 5) government should not own businesses or property and should privatize those that it does own, and 6) international trade should be promoted by removing all tariffs and quotas. Laws and policies based on neoliberalism were passed from 1981 through 2008 in the US and have had influence on the national economy down to the present. Based on analysis of economic results and political developments during the period this paper argues that Reaganomics and neoliberalism have failed to improve economic growth and the preserve personal freedom above that provided by of the Welfare State which has developed in the US and OECD countries for more than a hundred years. Furthermore the neoliberal agenda is highly correlated with the undesirable unintended consequences of a rapidly rising national debt and balance of trade deficit.
Author: Fred Haggerson Publisher: ISBN: 9783668293120 Category : Languages : en Pages : 32
Book Description
Polemic Paper from the year 2016 in the subject Business economics - Economic Policy, language: English, abstract: President Ronald Reagan promoted and passed into law provisions of an economic plan that came to be known as Reaganomics. The principles of his plan were based on the neoliberal economic theory originally developed by Friedrich Hayek and Ludwig Von Mises of the Austrian school of economics. The major principles followed by Reaganomics were as follows: 1) totally free markets, devoid of government intervention are the best way to promote economic growth and personal freedom, 2) the government should refrain from any interference economic matters, 3) taxes should be kept at as low as possible to stimulate economic growth, 4) government regulations should be eliminated except those that ensure contracts, 5) government should not own businesses or property and should privatize those that it does own, and 6) international trade should be promoted by removing all tariffs and quotas. Laws and policies based on neoliberalism were passed from 1981 through 2008 in the US and have had influence on the national economy down to the present. Based on analysis of economic results and political developments during the period this paper argues that Reaganomics and neoliberalism have failed to improve economic growth and the preserve personal freedom above that provided by of the Welfare State which has developed in the US and OECD countries for more than a hundred years. Furthermore the neoliberal agenda is highly correlated with the undesirable unintended consequences of a rapidly rising national debt and balance of trade deficit.
Author: Stefano di Lorenzo Publisher: Independently Published ISBN: 9781973163299 Category : Languages : en Pages : 103
Book Description
Many years have passed but even among the most informed of us there is very little agreement about the accomplishments and failures of Ronald Reagan's economic policies. Politicians, commentators and common voters alike have been arguing about their efficacy and their legacy ever since the inception. The controversy often seems to reflect people's political and ideological stands, rather than a sober analysis of the facts. People on the left of the political spectrum are persuaded that Reagan's economic policies ended up shamelessly favoring the haves versus the have-nots, while "Reaganomics" and "supply-side economics" became bywords for "trickle-down economics", giving more to the rich, cutting welfare for the poor and leaving them to their own devices. Moreover, in this view, Reagan contributed to a large dismantling of the American industrial base, leaving many jobless and hitting hard on blue collar workers and the middle class. This aspect in particular received renewed attention during Donald Trump's successful presidential campaign: interestingly, now it was a "right wing" President who was favouring blue collar jobs, while liberals appeared to have lost any interest whatsoever in working class jobs and increasingly regarded them as outdated and unworthy of the XXI century. For people on the right, Reagan has achieved almost a cult status, more than any other President in living memory. These Republicans argue that Reagan's supply-side revolution revitalized the American economy after a lost decade in the seventies, putting the country back on the path to growth, making fiscal policy more business friendly and reducing the menacing power of the government to affect people's economic decisions. But Reagan was many things to many different people.
Author: Fred Haggerson Publisher: GRIN Verlag ISBN: 3668293112 Category : Political Science Languages : en Pages : 30
Book Description
Polemic Paper from the year 2016 in the subject Business economics - Economic Policy, , language: English, abstract: President Ronald Reagan promoted and passed into law provisions of an economic plan that came to be known as Reaganomics. The principles of his plan were based on the neoliberal economic theory originally developed by Friedrich Hayek and Ludwig Von Mises of the Austrian school of economics. The major principles followed by Reaganomics were as follows: 1) totally free markets, devoid of government intervention are the best way to promote economic growth and personal freedom, 2) the government should refrain from any interference economic matters, 3) taxes should be kept at as low as possible to stimulate economic growth, 4) government regulations should be eliminated except those that ensure contracts, 5) government should not own businesses or property and should privatize those that it does own, and 6) international trade should be promoted by removing all tariffs and quotas. Laws and policies based on neoliberalism were passed from 1981 through 2008 in the US and have had influence on the national economy down to the present. Based on analysis of economic results and political developments during the period this paper argues that Reaganomics and neoliberalism have failed to improve economic growth and the preserve personal freedom above that provided by of the Welfare State which has developed in the US and OECD countries for more than a hundred years. Furthermore the neoliberal agenda is highly correlated with the undesirable unintended consequences of a rapidly rising national debt and balance of trade deficit.
Author: Manfred B. Steger Publisher: OUP Oxford ISBN: 0191609765 Category : Business & Economics Languages : en Pages : 169
Book Description
Anchored in the principles of the free-market economics, 'neoliberalism' has been associated with such different political leaders as Ronald Reagan, Margaret Thatcher, Bill Clinton, Tony Blair, Augusto Pinochet, and Junichiro Koizumi. In its heyday during the late 1990s, neoliberalism emerged as the world's dominant economic paradigm stretching from the Anglo-American heartlands of capitalism to the former communist bloc all the way to the developing regions of the global South. At the dawn of the new century, however, neoliberalism has been discredited as the global economy, built on its principles, has been shaken to its core by a financial calamity not seen since the dark years of the 1930s. So is neoliberalism doomed or will it regain its former glory? Will reform-minded G-20 leaders embark on a genuine new course or try to claw their way back to the neoliberal glory days of the Roaring Nineties? Is there a viable alternative to neoliberalism? Exploring the origins, core claims, and considerable variations of neoliberalism, this Very Short Introduction offers a concise and accessible introduction to one of the most debated 'isms' of our time. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.
Author: Bruce Bartlett Publisher: Palgrave MacMillan ISBN: Category : Business & Economics Languages : en Pages : 280
Book Description
As a domestic policy advisor to Ronald Reagan, Bartlett was one of the originators of Reaganomics. In his latest work, Bartlett abandons the conservative dogma he espoused in "Impostor" in favor of a policy strongly based on what's worked in the past.
Author: Michael Douglas Gilbert Publisher: North Loop Books ISBN: 9781634139816 Category : Financial crises Languages : en Pages : 256
Book Description
Across the political spectrum, disgruntled Americans have two things in common: Reaganomics as an economics policy has caused most of their economic problems; Reaganomics as a political strategy has rendered their government dysfunctional. Reaganomics vs the Modern Economy defines the modern economy including the critical contributions of the public sector. It describes the history of political frustrations and resistance to government that led to Ronald Reagan's election. We learn how market forces, not Reaganomics, ended stagflation in the 1980s. But confusion and Reagan's personal popularity continue to produce unworkable policies. The five categories of government economic functions are determined by inadequacies in private sector markets: total market irrelevance, internal market defects, predominant market insufficiency, acute market insufficiency, and general market insufficiency. The public sector must be a component of our modern economy if we are to overcome inadequate employment, the effects of income and wealth maldistribution, the excessive influence of the financial sector, and unaffordable health care and post-secondary education and training. Michael Gilbert shows how we can reduce dissension and division in the country by implementing policies that meet the requirements of our modern economy. The failures of Reaganomics are our guide for what not to do Book jacket.
Author: Nancy Fraser Publisher: Verso Books ISBN: 1788732723 Category : Political Science Languages : en Pages : 65
Book Description
Neoliberalism is fracturing, but what will emerge in its wake? The global political, ecological, economic, and social breakdown—symbolized by Trump’s election—has destroyed faith that neoliberal capitalism is beneficial to the majority. Nancy Fraser explores how this faith was built through the late twentieth century by balancing two central tenets: recognition (who deserves rights) and distribution (who deserves income). When these begin to fray, new forms of outsider populist politics emerge on the left and the right. These, Fraser argues, are symptoms of the larger crisis of hegemony for neoliberalism, a moment when, as Gramsci had it, “the old is dying and the new cannot be born.” In an accompanying interview with Jacobin publisher Bhaskar Sunkara, Fraser argues that we now have the opportunity to build progressive populism into an emancipatory social force.
Author: Melinda Cooper Publisher: Princeton University Press ISBN: 194213004X Category : Political Science Languages : en Pages : 416
Book Description
Why was the discourse of family values so pivotal to the conservative and free-market revolution of the 1980s and why has it continued to exert such a profound influence on American political life? Why have free-market neoliberals so often made common cause with social conservatives on the question of family, despite their differences on all other issues? In this book, Melinda Cooper challenges the idea that neoliberalism privileges atomized individualism over familial solidarities, and contractual freedom over inherited status. Delving into the history of the American poor laws, she shows how the liberal ethos of personal responsibility was always undergirded by a wider imperative of family responsibility and how this investment in kinship obligations recurrently facilitated the working relationship between free-market liberals and social conservatives. Neoliberalism, she argues, must be understood as an effort to revive and extend the poor law tradition in the contemporary idiom of household debt. As neoliberal policymakers imposed cuts to health, education, and welfare budgets, they simultaneously identified the family as a wholesale alternative to the twentieth-century welfare state. And as the responsibility for deficit spending shifted from the state to the household, the private debt obligations of family were defined as foundational to socio-economic order. Despite their differences, neoliberals and social conservatives were in agreement that the bonds of family needed to be encouraged — and at the limit enforced — as a necessary counterpart to market freedom. In a series of case studies ranging from Clinton’s welfare reform to the AIDS epidemic, and from same-sex marriage to the student loan crisis, Cooper explores the key policy contributions made by neoliberal economists and legal theorists. Only by restoring the question of family to its central place in the neoliberal project, she argues, can we make sense of the defining political alliance of our times, that between free-market economics and social conservatism.
Author: Thom Hartmann Publisher: Berrett-Koehler Publishers ISBN: 1523002336 Category : History Languages : en Pages : 193
Book Description
America's most popular progressive radio host and New York Times bestselling author Thom Hartmann reveals how and why neoliberalism became so prevalent in the United States and why it's time for us to turn our backs to it. With four decades of neoliberal rule coming to an end, America is at a crossroads. In this powerful and accessible book, Thom Hartmann demystifies neoliberalism and explains how we can use this pivotal point in time to create a more positive future. This book traces the history of neoliberalism-a set of capitalistic philosophies favoring free trade, low taxes on the rich, financial austerity, and deregulation of big business-up to the present day. Hartmann explains how neoliberalism was sold as a cure for wars and the Great Depression. He outlines the destructive impact that it has had on America, looking at how it has increased poverty, damaged the middle class, and corrupted our nation's politics. America is standing on the edge of a new progressive era. We can continue down the road to a neoliberal oligarchy, as supported by many of the nation's billionaires and giant corporations. Or we can choose to return to Keynesian economics and Alexander Hamilton's American Plan by raising taxes on the rich, reversing free trade, and building a society that works for all.
Author: Fred Haggerson
Author: Fred Haggerson
Author: Stefano di Lorenzo
Author: Fred Haggerson
Author: Khalid R. Mehtabdin
Author: Manfred B. Steger
Author: Bruce Bartlett
Author: Michael Douglas Gilbert
Author: Nancy Fraser
Author: Melinda Cooper
Author: Thom Hartmann