000			02044cam a22003254a 4500
001			34844
003			DLC
005			20240430145112.0
008			110606s2011 nyua b 001 0 eng
010			_a 2011021759
020			_a9780465021864 : _c27.50
020			_a0465021867 : _c27.50
050	0	0	_aHC110.C6 _bL58 2011
090			_aHC 110 .C6 L58 2011
100	1		_aLivingston, James, _d1949- _937605
245	1	0	_aAgainst thrift : _bwhy consumer culture is good for the economy, the environment, and your soul / _cJames Livingston.
260			_aNew York : _bBasic Books, _cc2011.
300			_axix, 257 p. : _bill. ; _c25 cm.
520			_a"Since the financial meltdown of 2008, economists, journalists, and politicians have uniformly insisted that to restore the American Dream and renew economic growth, we need to save more and spend less. In his provocative new book, historian James Livingston-author of the classic Origins of the Federal Reserve System-breaks from the consensus to argue that underconsumption caused the current crisis and will prolong it. By viewing the Great Recession through the prism of the Great Depression, Livingston proves that private investment is not the engine of growth we assume it to be. Tax cuts for business are therefore a recipe for disaster. If our goal is to reproduce the economic growth of the postwar era, we need a redistribution of income that reduces corporate profits, raises wages, and promotes consumer spending"-- _cProvided by publisher.
504			_aIncludes bibliographical references and index.
650		0	_aConsumption (Economics) _zUnited States. _9114627
650		0	_aFinancial crises _zUnited States _xHistory _y21st century. _9114629
650		0	_aIncome distribution _zUnited States. _9114631
852	1		_9P27.50usd
907			_a34844 _b02-21-12 _c02-19-12
942			_cBOOK _00
998			_aaudmc _b02-19-12 _cm _da _e- _feng _gnyu _h0
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999			_c34844 _d34844