Cover: The Rise and Fall of Neoliberal Capitalism, from Harvard University PressCover: The Rise and Fall of Neoliberal Capitalism in HARDCOVER

The Rise and Fall of Neoliberal Capitalism

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Product Details

HARDCOVER

$41.00 • £32.95 • €37.00

ISBN 9780674725652

Publication: February 2015

Text

288 pages

6-1/8 x 9-1/4 inches

51 graphs, 1 diagram, 12 tables

World

  • List of Figures and Tables*
  • Preface
  • Acknowledgments
  • 1. Introduction
  • 2. What Is Neoliberalism?
  • 3. The Rise of Neoliberal Capitalism
  • 4. How Has Neoliberal Capitalism Worked?
  • 5. Crisis
  • 6. Lessons of History
  • 7. Possible Future Paths
  • Appendix: Data and Data Sources
  • Notes
  • References
  • Index
  • * Figures and Tables
    • Figures
      • 2.1. World exports as a percentage of world gross domestic product, 1950–2009
      • 2.2. Merger transactions reported to the Federal Trade Commission, 1979–2011
      • 2.3. Monthly benefit per recipient under Aid to Families with Dependent Children or Temporary Assistance for Needy Families in 2009 Dollars, 1962–2007
      • 2.4. Federal hourly minimum wage in 2011 Dollars, 1960–2007
      • 2.5. Top federal marginal tax rates, 1952–2007
      • 2.6. Union members as a percentage of all employees, 1973–2012
      • 2.7. Gross value added of financial corporations as a percentage of gross value added of all corporations in the U.S., 1948–2012
      • 2.8. Profits of Financial Corporations as a Percentage of the Profits of All Corporations in the U.S., 1948–2012
      • 2.9. U.S. imports as a percentage of Gross Domestic Product, 1948–2007
      • 2.10. Government expenditure as percentage of Gross Domestic Product, 1948–2007
      • 2.11. Government infrastructure spending as a percentage of Gross Domestic Product, 1959–2007
      • 3.1. Rate of profit of the U.S. nonfinancial corporate business sector, 1948–1982
      • 3.2. Annual inflation and unemployment rates, 1960–1985
      • 3.3. Multilateral trade-weighted value of the U.S. dollar, 1967–1979 (March 1973=100)
      • 3.4. Goods imports as a percentage of goods-only Gross Domestic Product, 1960–1979
      • 4.1. Rate of profit of the U.S. nonfinancial corporate business sector, 1948–2007
      • 4.2. Annual growth rate of U.S. Gross Domestic Product in chained 2005 dollars
      • 4.3. Annual growth rate of world Gross Domestic Product
      • 4.4. Annual growth rate of Western European Gross Domestic Product
      • 4.5. Average annual labor productivity growth rate in the U.S.
      • 4.6. Investment performance in the U.S. in two periods
      • 4.7. Personal saving as a percentage of disposable personal income, 1948–2007
      • 4.8. Consumer spending as a percentage of Gross Domestic Product, 1979–2007
      • 4.9. Business fixed investment as a percentage of Gross Domestic Product, 1979–2007
      • 4.10. Share of aggregate income received by lowest 20% and top 5% of families
      • 4.11. Income shares of richest 1% and richest 0.1% as a percentage of total income, 1920–2007
      • 4.12. Annual growth rates of wages and salaries and corporate profit
      • 4.13. Average hourly earnings of nonsupervisory workers in 2011 dollars, 1948–2007
      • 4.14. Percentage increase in the average real family income of quintiles and the top 5%
      • 4.15. Average annual unemployment rate
      • 4.16. Families below the poverty line, 1959–2007
      • 4.17. U.S. trade balance as a percentage of Gross Domestic Product, 1948–2007
      • 4.18. The House Price Index relative to homeowner’s equivalent rent, 1982–2012
      • 4.19. Consumer spending as a percentage of disposable personal income, 1948–2007
      • 4.20. Household debt as a percentage of disposable personal income, 1980–2012
      • 5.1. Debt of sectors of the U.S. economy as a percentage of Gross Domestic Product, 1948–2007
      • 5.2. Outstanding value of collateralized debt obligations in the global economy, billions of U.S. dollars, 1995–2007
      • 5.3. Capacity utilization rate in manufacturing for business cycle peak years
      • 5.4. Causes of the economic crisis
      • 5.5. Estimated average house price by calendar quarter, 2000–2010
      • 5.6. Delinquency rate on single-family residential mortgages, quarterly rates, 2006–2013
      • 5.7. Gross Domestic Product, first quarter of 2007 to third quarter of 2009, billions of chained 2005 dollars
      • 5.8. Monthly excess reserves of depository institutions in billions of dollars, 2007–2013
      • 5.9. Monthly unemployment rate, 2007–2013
      • 5.10. Monthly job gain or loss, hundreds of thousands, 2008 and 2009
      • 5.11. Monthly underemployment rate, 2007–2013
      • 5.12. Long-term unemployed as a percentage of all unemployed, monthly, 2007–2013
      • 5.13. Employment as a percentage of the working age population, monthly, 2007–2013
      • 5.14. Median family income in 2012 dollars, 1990–2012
      • 5.15. U.S. federal debt held by the public as a percentage of Gross Domestic Product, 1940–1975
      • 5.16. Rate of profit of the nonfinancial corporate business sector, 2000–2012
      • 5.17. Annual rate of capital accumulation, 1948–2012
    • Tables
      • 2.1. The Ideas and Institutions of Neoliberal Capitalism
      • 3.1. The Ideas and Institutions of Regulated Capitalism
      • 3.2. Big Business Representatives Affiliated with the Committee for Economic Development, 1944
      • 3.3. Big Business Representatives Affiliated with the Committee for Economic Development, 1948
      • 3.4. Selected Business Roundtable Members, 1972 and 1979
      • 5.1. Quarterly Changes in Gross Domestic Product, Consumer Spending, and Business Fixed Investment (Annual Percentage Rate of Change)
      • 5.2. The Eleven Recessions since 1948
      • 5.3. Gross Domestic Product Change and Unemployment Rate in Fourteen Countries
      • 5.4. U.S. Economic Recovery since the End of the Recession
      • 7.1. The Ideas and Institutions of Business-Regulated Capitalism
      • 7.2. The Ideas and Institutions of Social Democratic Capitalism
      • 7.3. The Ideas and Principles of Democratic Participatory Planned Socialism