Book
Golden Age of Capitalism

Reinterpreting the Postwar Experience [paperback)

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.

Table of contents
  1. 1. Lessons of the Golden Age: An Overview
    Stephen A. Marglin
  2. 2. The Rise and Fall of the Golden Age
    Andrew Glyn, Alan Hughes, Alan Lipietz, Ajit Singh
    More Working Paper | The Rise and Fall of the Golden Age
  3. 3. Macropolicy in the Rise and Fall of the Golden Age
    Gerald Epstein, Juliet B. Schor
    More Working Paper | Macropolicy in the Rise and Fall of the Golden Age
  4. 4. Profit Squeeze and Keynesian Theory
    Stephen A. Marglin, Amit Bhaduri
    More Working Paper | Profit Squeeze and Keynesian Theory
  5. 5. A Wage-led Employment Regime: Income Distribution, Labour Discipline, and Aggregate Demand in Welfare Capitalism
    Samuel Bowles, Robert Boyer
  6. 6. The Diversity of Unemployment Experience Since 1973
    Robert Rowthorn, Andrew Glyn
    More Working Paper | The Diversity of Unemployment Experience Since 1973
  7. 7. A New Paradigm of Work Organization and Co-ordination: Lessons from Japanese Experience
    Masahiko Aoki
    More Working Paper | A New Paradigm of Work Organization
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