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In this book of carefully selected essays, Charles Whalen presents constructive analyses of vital economic problems confronting the United States since the 1970s, giving special attention to challenges facing working families. The analyses are grounded in Whalen’s career of more than three decades, during which he has gleaned insight from institutional and post-Keynesian economics and contributed to national economic policy-making, equitable regional development, and worker engagement in business decisions. The result is a compelling case for reforming capitalism by addressing workers’ interests as an integral part of the common good, and for reconstructing economics in the direction of post-Keynesian institutionalism.
This volume covers the theoretical method, macroeconomics, microeconomics, international trade and finance, development, and policy of economic theory. It incorporates various alternative approaches as well as a broad spectrum of policy issues.
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The Rise of Big Government chronicles the phenomenal growth of local, state, and federal government over the last 100 years. The authors explain this growth by arguing that public and social acceptance of government intervention has allowed government to maintain a presence at all levels of the economy. The authors take issue with the opposing argument that government has grown by itself and by the bureaucracy's constant push for its own expansion.
This collection of articles taken from the Journal of Economic Issues offers both a fresh perspective and a persuasive diagnosis on economic methodology. It simultaneously presents institutional economists' approaches to economic inquiry and policy, as well as a running critique of conceptual flaw and inadequacies of the traditional orthodox neoclassical approach that dominates college curriculums and media.