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Two centuries of parasitic economics : the struggle for economic and political democracy on the eve of the financial collapse of the west / Basil Al-Nakeeb.
Author
Al-Nakeeb, Basil
[Browse]
Format
Book
Language
English
Published/Created
North Charleston, South Carolina : CreateSpace Independent Publishing Platform, [2016]
©2016.
Description
437 pages ; 23 cm.
Availability
Copies in the Library
Location
Call Number
Status
Location Service
Notes
Firestone Library - Stacks
HC51 .A563 2016
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Details
Subject(s)
Economic history
—
19th century
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Economic history
—
20th century
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Banks and banking
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Investments
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Poltical science
—
Economic aspects
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Summary note
"This intriguing detective work skillfully weaves economics with politics, psychology, and history in an accessible and absorbing style to answer the puzzling questions. Why have ruling elites subjected people to poverty throughout history? Why in the aftermath of World War II did Western establishments, after centuries of autocracy, pursue economic and political democracy only to reverse course in 1980? Why is the Fed pumping and bursting bubbles in stocks, real estate, and now bonds and, without informing Congress, extending $16 trillion dollar loans? Why do leading western politician, economists, universities, and even Nobel Prize committees endorse bad economics, causing industrial erosion, mushrooming debts, anemic growth, and deepening recessions, which seed the fall of great powers?" -- Provided by publisher
Bibliographic references
Includes bibliographical references (pages 369-375) and index.
Contents
The dialectic path of economic theory. Classical economic theory
The rise and fall of Marxist economics
Keynesian cyclical stabilization
The fall and rise of neoclassical macroeconomics
An alternative macroeconomic framework. The unified theory of macroeconomic failure
Usurious products and institutions. Usury: conquest by stealth
The ascent of banking
Bank instability, products, and economics
The Federal Reserve as an extension of banking power
Cyclicality, market and public sector inefficiency, and democracy. Amplified business cycles
Private sector inefficiency: competition and information quality
Public sector inefficiency: plutocracy vs democracy
Measuring democracy
Alternative financing and taxation. The next revolution in equity finance
Public finance and indirect taxes
Corporate taxation
Regressive personal taxation
Progressive personal taxation
Outlook. The gathering storms
Appendix: Identifying usurious lending.
Show 17 more Contents items
ISBN
9781523827954
1523827955
LCCN
2016901840
OCLC
958982782
Statement on language in description
Princeton University Library aims to describe library materials in a manner that is respectful to the individuals and communities who create, use, and are represented in the collections we manage.
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