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Contours of Descent
Robert Pollin
Price: $ 21

The US economy faced the prospect of a serious recession even prior to the September 11 terrorist attacks. The highly unstable economic conditions that Clinton handed to Bush¿wage stagnation, rising inequality, and a wildly inflated stock market¿were hardly noticed amid the near-universal praise for the economic stewardship of Clinton and his supposed policy maestro, Federal Reserve Chair Alan Greenspan. Contours of Descent shows how the policies of Clinton and Bush in the U.S., as well as those of the IMF with respect to developing countries, are variants of neoliberal economics¿which lavishes favors on multinationals and capitalists while allowing living standards for ordinary people to fall. Coutours of Descent also explores an alternative policy approach promoting economic growth with increased equality.

Robert Pollin is Professor of Economics and founding Co-Director of the Political Economy Research Institute (PERI) at the University of Massachusetts-Amherst. Among his many books are The Living Wage (with Stephanie Luce) and the edited volume Transforming the US Financial System (with Gary Dymski and Gerald Epstein). He has worked with the Joint Economic Committee of the US Congress and the United Nations Development Program, and was the economic spokesperson for the 1992 presidential campaign of Governor Jerry Brown.

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