From a market economy to a finance economy
Subtitle: the most dangerous American journey
By: A. Coskun Samli
Publisher: Palgrave Macmillan
Published: 2013
Place of publication: New York, NY
Language: eng
Number of pages: 167
ISBN-13: 9781137325570
Subjects: Economic policy; Capitalism; Economic conditions; Finance; Entrepreneurship
Description: Dwindling innovation and deteriorating economic conditions are caused by a major force, a systemic shift in the American economy. In this gripping book, Dr. Samli makes the case that the US economy is shifting for the worse, tilting towards a finance-driven economy, and argues that investing in innovation will bring us out of the recession and back to a successful, market-driven economy. While the US is cost-cutting by sending jobs abroad, reducing education budgets, and redirecting government funds to military involvement, American innovation has been suffering and stifled. Dr. Samli explores the roots of the recession from this viewpoint and offers an 'innovative' solution for disciplining economic, political, and social activities to come out of the recession and restore the tilt towards the 99-percent.
Notes: Includes bibliographical references (pages 157-161) and index.