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About this product
- DescriptionHow ecomic rhetoric and policy have been hijacked to serve the interests of the wealthy Americans have fallen for the ticker tape. We watch our portfolios, happily or nervously. We kw there were a few bad apples at Enron and WorldCom, but we also kw that: - The advent of mutual funds, low-cost brokerages, and the Internet has meant that the stock market is w more transparent, honest, and accessible to the small investor than ever before; - 401(k)s give the individual responsibility and control over their retirement savings, and that makes us more responsible citizens; - Federal deficits are bad for the ecomy, especially, somehow, when they're linked to social spending; and - Controlling inflation is the most important task of our ecomic policy. But as ecomist Ellen Frank shows us, what we kw is wrong. Over the past twenty years, Americans have been fed a mash of confusing financial and ecomic information. This information has distorted popular understanding of how the ecomy really operates and camouflaged the transformation of ecomic policy from a tool for improving the living standards of all to a tool for securing the perquisites of those with financial wealth. Sifting through confusing rhetoric on everything from the stock market to the federal budget to the global financial system, Frank reveals how financial interests came to dominate U.S. ecomic policy and lays out in clear and engaging prose the basis of real wealth and ecomic well-being.
- Author BiographyEllen Frank, senior economic analyst for the Poverty Institute at Rhode Island College, writes and lectures widely on U.S. and international economic policy. She lives in Boston, Massachusetts. From the Hardcover edition.
- Author(s)Dr Ellen Frank
- PublisherBeacon Press
- Date of Publication01/04/2005
- FormatPaperback / softback
- SubjectEconomics: Professional & General
- Place of PublicationBoston, MA
- Country of PublicationUnited States
- ImprintBeacon Press
- Weight277 g
- Width161 mm
- Height207 mm
- Spine17 mm
- Format DetailsTrade paperback (US),Unsewn / adhesive bound
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