Edited by Stephen A. Marglin and Juliet B. Schor
For some twenty years after the Second World War, Keynesian economic policies in countries of the capitalist West were successful in generating rapid growth with high employment. This `golden age of capitalism' did not survive the economic traumas of the 1970s; nor has the more recent emphasis on
monetarist policies and supply-side performance succeeded in regenerating comparable growth rates. Blending historical analysis with economic theory, this book seeks to understand the making and unmaking of this `golden age', questions the basis of much present policy-making, and suggests
alternative directions for policy.
Lal Jayawardena: Preface; Stephen A. Marglin: Lessons of the golden age: an overview; Andrew Glyn, Alan Hughes, Alan Lipietz, & Ajit Singh: The rise and fall of the golden age; Gerald Epstein, & Juliet Schor: Macropolicy in the rise and fall of the golden age; Stephen A. Marglin & Amit Bhaduri:
Profit squeeze and Keynesian theory; Samuel Bowles, & Robert Boyer: A wage-led employment regime: income distribution, labour discipline, and aggregate demand in welfare capitalism; Bob Rowthorn, & Andrew Glyn: The diversity of unemployment experience since 1973; Masahiko Aoki: A new paradigm of
work organization and co-ordination: lessons from Japanese experience; references; index.
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Stephen A. Marglin and Juliet B. Schor are both at Harvard University.
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