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Book Cover
Author Bivens, Josh.

Title Failure by design : the story behind America's broken economy / Josh Bivens ; foreword by Lawrence Mishel
Published Ithaca : ILR Press, 2011


Description 1 online resource (xi, 102 pages) : illustrations
Series Economic Policy Institute/A State of Working America Publication
Economic Policy Institute/A State of Working America Publication
Contents The Great Recession: the damage done and the rot revealed -- The Great Recession's trigger: housing bubble leads to job crisis : Fallout: the job-market ; Fallout: broader measures of economic security: poverty, health insurance, and net wealth -- The policy response to the Great Recession: what was done and did it work? : The dynamics of the Great Recession ; Recovery Act controversies: what was in it? ; Recovery Act controversies: did it work at all? ; Recovery Act controversies: why has consumer and not government spending led the recovery? -- The Great Recession ended more than a year ago: so, "mission accomplished"? : Apathy, not overreach ; Exchange rate policy ; Monetary policy ; Fiscal policy ; Clear economics, fuzzy politics -- The cracked foundation revealed by the Great Recession : Falling minimum wage ; Assault on workers' right to organize ; Global integration for America's workers and insulation for elites ; The rise of finance ; Abandoning full employment as a target ; You get the economy you choose ; Incomes in the 30 years before the Great Recession: growing slower and less equal ; Is everybody getting richer but the rich are just getting richer faster? ; Why have typical families' incomes and overall economic growth de-linked? ; Lower wage growth did not buy greater economic security or sustained progress in closing racial gaps ; How did AMerican families cope with lower wage-growth and rising insecurity? -- Where to from here?
Summary Offers evidence on how the economy has failed low- and middle-income Americans and tracks the trends to provide an economic history
Bibliography Includes bibliographical references (page 99)
Notes Print version record
Subject Global Financial Crisis, 2008-2009.
Financial crises -- United States -- History -- 21st century
Working class -- United States -- Economic conditions -- 21st century
BUSINESS & ECONOMICS -- Economics -- General.
Economic history.
Financial crises.
Working class -- Economic conditions.
Nationalekonomi -- Förenta staterna.
United States -- Economic conditions -- 2001-2009.
United States -- Economic conditions -- 2009-
United States.
Genre/Form History.
Form Electronic book
ISBN 9780801460654