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The Welfare State USA: An Exploration In and Beyond the New Economics
The Welfare State USA An Exploration In and Beyond the New Economics Author:Melville J. Ulmer The welfare state is the state of modern capitalism. In all western democracies it uses the same general tools to confront the same general problems - inflation, unemployment, poverty, high taxes, recurrent international imbalances, the struggle between crass commercialization and a craving for justice and quality in economic life. — The Welfare... more » State: USA starts with an exposition of the structure of the welfare state and of its theoretical foundations, including the so-called new economics. With a masterly blending of fact and theory, Professor Ulmer then analyzes the leading problems confronted by the United States at the start of the 1970's and of the efforts made to ameliorate them. Included are the various doles, training programs and negative income tax plans aimed at poverty; the high taxes, high interest rate and price "guidelines" aimed at inflation; the welfare programs of Kennedy, Johnson and Nixon; the constant fiscal and monetary manipulations and the theories on which they are based.
The book is written in terms that can be readily understood by beginning students but nevertheless contains ideas of major interest to students at all levels, in both economics and government. A helpful technical appendix has been included.« less