Against The Conventional Wisdom: A Primer For Current Economic Controversies And Proposals

For the past twenty-five years, the United States has undergone a retrogression in its socioeconomic policies–facilitated and supported by most economists–thanks to the steady drumbeat of arguments by entrepreneurs and politicians who celebrate the free market for anything and everything and who advocate, among other follies, balanced budgets and reduced social expenditures. The consequences of these developments have already harmed millions of Americans; but in the present climate of opinion and politics, the policy direction is unlikely to be reversed. Against the Conventional Wisdom is a rallying cry against this stampede. It seeks to provide an analytical counterattack, showing that what has become “common sense” is not good sense economically or socially; is neither necessary nor desirable; and will deepen existing troubles, not resolve them. We cannot afford to continue to relive the 1920s–when the same arguments (and lack of disagreement) prevailed, when budgets were balanced, when finance capitalism and speculation took center stage. At that time a large proportion of the workforce found itself pushed aside by the 1920s version of downsizing and outsourcing, and the rich became much richer. In the opening chapters of the book, Douglas Dowd explores the reasoning and the realities of the free market ideology, in its original and present forms. Succeeding chapters treat in detail the human, social, and natural consequences of “rule by the market” over time and the dangers of allowing the market to rule today and tomorrow. The book concludes with suggested alternatives to current tendencies–alternatives that are simultaneously desirable, necessary, and realistic.

Business & Money

Dowd, Douglas

Economics

Routledge

Capitalism and Its Economics: A Critical History

Addresses some of the most crucial questions of the current era. Dowd brings formidable qualities to this challenging task. An impressive achievement.' Noam Chomsky

Pluto Press

This popular illustrated history explores the dramatic highs and lows of Wall Street and its development through the 19th century.

Understanding Capitalism: Critical Analysis From Karl Marx to Amartya Sen

Understanding Capitalism combines the essays of seven leading economists, including Robin Hahnel and John Bellamy Foster, in a critical assessment of the relationship between economic thought and the dominance of capitalism. With analyses of economists ranging from Karl Marx to Amartya Sen, the book traces the growth of the capitalist system over the past two hundred years and how economic theory has, in fact, become capitalist ideology. Relating socio-economic and analytical histories to present-day economic policy, this is a thoroughly accessible work which makes an ideal introduction to the key thinkers in economic thought past and present.Major economists and economic schools of thought are discussed in a chapter-by-chapter guide that covers Marx, Veblen, Gramsci, post-Keynesian theory, US institutionalists, Sweezy and the Monopoly Capital school, and recent Nobel Prize winner Amartya Sen. Contributors include Michael Lebowitz, Carl Boggs, Michael Keaney, Frederic Lee, John Bellamy Foster and Robin Hahnel, with an introduction by the editor, Douglas Dowd.

Understanding Capitalism: Critical Analysis from Karl Marx to Amartya Sen

'Addresses some of the most crucial questions of the current era. . . . Dowd brings formidable qualities to this challenging task. An impressive achievement.' Noam Chomsky 'This is a work of enlightenment that will be intelligible to students and non-economists.' Edward S. Herman This classic book is an ideal introduction to economic thought and the dominance of capitalism, ideal for students of economic theory and history. Now thoroughly revised and updated, this new edition includes a new preface and an additional chapter by the author. Analysing the relationship between economic thought and capitalism from 1750 to the present, Douglas Dowd examines the dynamic interaction of two processes: the historical realities of capitalism and the evolution of economic theory. He demonstrates that the study of economics celebrates capitalism in ways that make it necessary to classify economic science as pure ideology. A thoroughly modern history, this book shows how economics has become ideology. A radical critic of capitalism, Dowd surveys its detrimental impact across the globe and throughout history. The book includes biographical sketches and brief analyses of the major proponents and critics of capitalism throughout history, including Adam Smith, Thomas Malthus, Jeremy Bentham, John Stuart Mill, Karl Marx, Thorstein Veblen, Rosa Luxemburg, John Maynard Keynes, Paul Samuelson, Milton Friedman, and Eric Hobsbawm.

This classic book is an ideal introduction to economic thought and the dominance of capitalism, ideal for students of economic theory and history. Now thoroughly revised and updated, this new edition includes a new preface and an additional chapter by the author. Analysing the relationship between economic thought and capitalism from 1750 to the present, Douglas Dowd examines the dynamic interaction of two processes: the historical realities of capitalism and the evolution of economic theory. He demonstrates that the study of economics celebrates capitalism in ways that make it necessary to classify economic science as pure ideology. A thoroughly modern history, this book shows how economics has become ideology. A radical critic of capitalism, Dowd surveys its detrimental impact across the globe and throughout history. The book includes biographical sketches and brief analyses of the major proponents and critics of capitalism throughout history, including Adam Smith, Thomas Malthus, Jeremy Bentham, John Stuart Mill, Karl Marx, Thorstein Veblen, Rosa Luxemburg, John Maynard Keynes, Paul Samuelson, Milton Friedman, and Eric Hobsbawm.

Inequality, per se, has been with us for millennia. With the creation, growth and deepening of Capitalism across the globe, inequalities take on new dimensions, unknown in previous eras. As Capitalism has spread its wings across the globe over the last 200 or so years, so inequalities have deepened and widened, both inside Nation Sates, between nation States. These inequalities are of income, wealth and of power. This book, written by the widely respected economic historian Douglas Dowd at the age of 90, is notable for his own experience and vivid memory, of the 1929-31 recession. Since the 1980s, and the predominance of the present neo-liberal ideology, all of the inequalities that the book presents have grown rapidly. Written as a critique of the counter-productivity of growing economic inequality and vindicated by the present world banking crisis, Dowd presents a strong argument against capitalist expansion, exploitation and oligarchic rule. Dowd's conclusions, that the globalization and growth of the financial sector will impact painfully upon hundreds of millions of people, unknown to most of us in our lifetime, Dowd's book deals with these issues from the unique perspective of inequality. Presenting both a history of the current crisis and an overview of it's, Inequality will appeal to both a broad general readership, and provides an extremely useful reference point for students of political economy, economic history, contemporary economics and global politics.

Inequality and the Global Economic Crisis

Thorstein Veblen shook the complacency of America in the early twentieth century with his incisive criticisms of our social and economic systems. Discarding the classical view of "eternal" economic laws that conveniently justified the nineteenth-century predatory practices of "big business" in terms of rational self-interest, Veblen cast a fresh, merciless eye on America's money-making passion. In glittering prose, Veblen exposed our social system as one designed to block man's natural "instinct of workmanship." He demonstrated that our leisure-class culture fostered the myth that work was inherently irksome to man. Veblen was also fascinated by the machine and the new science of technology. He saw businessmen basically at war with engineers and scientists because making exorbitant profits did not necessarily jibe with making better goods.  In his study of this intriguing personality, Thorstein Veblen, Douglas Dowd reveals that Veblen was unsuccessful in his university career and his two marriages, and in his private life was strange, bitter, and detached. But in his books, Veblen shone as one of America's most penetrating thinkers whose theories proved a potent force in the modernization of economics as a science. Dowd's sympathetic approach to Veblen's nature and problems places this giant in the field against a contemporary background in powerful and lively fashion. In his new introduction, Michael Keaney breathes new life into this unjustly neglected primer on Veblen. A new generation of students will undoubtedly benefit from this comprehensive guide to the thought of someone whose intellectual endeavor was non-doctrinaire and constantly -changing.

Thorstein Veblen

Biographies & Memoirs

Historical

For the past twenty-five years, the United States has undergone a retrogression in its socioeconomic policiesfacilitated and supported by most economiststhanks to the steady drumbeat of arguments by entrepreneurs and politicians who celebrate the free market for anything and everything and who advocate, among other follies, balanced budgets and reduced social expenditures. The consequences of these developments have already harmed millions of Americans; but in the present climate of opinion and politics, the policy direction is unlikely to be reversed. Against the Conventional Wisdom is a rallying cry against this stampede. It seeks to provide an analytical counterattack, showing that what has become common sense” is not good sense economically or socially; is neither necessary nor desirable; and will deepen existing troubles, not resolve them. We cannot afford to continue to relive the 1920swhen the same arguments (and lack of disagreement) prevailed, when budgets were balanced, when finance capitalism and speculation took center stage. At that time a large proportion of the workforce found itself pushed aside by the 1920s version of downsizing and outsourcing, and the rich became much richer.In the opening chapters of the book, Douglas Dowd explores the reasoning and the realities of the free market technology, in its original and present forms. Succeeding chapters treat in detail the human, social, and natural consequences of rule by the market” over time and the dangers of allowing the market to rule today and tomorrow. The book concludes with suggested alternatives to current tendenciesalternatives that are simultaneously desirable, necessary, and realistic.

Westview Press

See the best price to sell, buy, or rent books by Dowd, Douglas. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Dowd, Douglas

See the best price to sell, buy, or rent books by Dowd, Douglas. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Against The Conventional Wisdom: A Primer For Current Economic Controversies And Proposals

Against The Conventional Wisdom: A Primer For Current Economic Controversies And Proposals

Capitalism and Its Economics: A Critical History

Capitalism and Its Economics: A Critical History

Understanding Capitalism: Critical Analysis from Karl Marx to Amartya Sen

Capitalism and Its Economics: A Critical History

Capitalism and Its Economics: A Critical History

Inequality and the Global Economic Crisis

Thorstein Veblen

Against The Conventional Wisdom: A Primer For Current Economic Controversies And Proposals