In the last quarter of the twentieth century, the ideas that most Americans lived by started to fragment. Mid-century concepts of national consensus, managed markets, gender and racial identities, citizen obligation, and historical memory became more fluid. Flexible markets pushed aside Keynesian macroeconomic structures. Racial and gender solidarity divided into multiple identities; community responsibility shrank to smaller circles. In this wide-ranging narrative, Daniel T. Rodgers shows how the collective purposes and meanings that had framed social debate became unhinged and uncertain.
Age of Fracture offers a powerful reinterpretation of the ways in which the decades surrounding the 1980s changed America. Through a contagion of visions and metaphors, on both the intellectual right and the intellectual left, earlier notions of history and society that stressed solidity, collective institutions, and social circumstances gave way to a more individualized human nature that emphasized choice, agency, performance, and desire. On a broad canvas that includes Michel Foucault, Ronald Reagan, Judith Butler, Charles Murray, Jeffrey Sachs, and many more, Rodgers explains how structures of power came to seem less important than market choice and fluid selves.
Cutting across the social and political arenas of late-twentieth-century life and thought, from economic theory and the culture wars to disputes over poverty, color-blindness, and sisterhood, Rodgers reveals how our categories of social reality have been fractured and destabilized. As we survey the intellectual wreckage of this war of ideas, we better understand the emergence of our present age of uncertainty.
In the 1980s, troubled Americans saw interest rates in the United States climb to an alltime high, unemployment grow to over 10 percent, the federal deficit reach near monumental proportions, and the world economy as a whole fall stagnant.
Why did a once booming world economy give way to stagflation? Economist W. W. Rostow finds the roots of the problem in the phenomenon he terms the Barbaric Counter-Revolution—the effort to wring inflation out of the economic system by the rigorous application of a restricted rate of increase in the money supply. This policy was launched by the Carter administration in October 1979, reinforced by President Reagan in mid 1980, and abandoned in August 1982. In the end, it provided the United States with no mechanism for rapid recovery that did not bring with it a return to high interest rates, resumed inflation, and, soon, another recession.
In what he terms a Civilized Synthesis, Rostow sets forth a series of new policies that would permit rapid, sustained growth with inflation under control. He argues that fiscal and monetary policy must be joined by an incomes policy that would gear the rate of increase of wages and salaries to the average rate of increase in productivity. He explores how this could be accomplished within the context of American politics and existing institutions. Finally, Rostow identifies four directions for investment that, together, would yield economic and social benefits.
What is the right social policy for the future? Sar A. Levitan and Robert Taggart have written a book that dispassionately examines recent social programs. They respond to the fashionable arguments that question the results of government intervention and the need to correct social and economic ills. They weigh the charges that new programs have been wasteful, ineffective, and even counterproductive. The authors disprove the notion that recent social programs have failed, that recipients of aid have been hurt more than helped, or that the means and the ends of the last decade’s social policies were misconceived.
They base their conclusions upon data gathered by a host of governmental agencies as well as by other scholarly studies. Among their major findings:
— The expansion of welfare will not continue indefinitely since most of those in need have been reached. In a healthy economy welfare costs will stabilize. In spite of its shortcomings, welfare has resulted in a more equitable, comprehensive system of income protection.
— Medicare and Medicaid have not contributed to a national “health crisis” but have delivered health care to millions who might otherwise have been unable to afford it.
— Housing assistance has been unfairly condemned. While changes are warranted the concepts are sound and the benefits undeniable.
— Federal programs for vocational training, job placement, remedial education, and other services have a high payoff for the individuals involved and for society as a whole.
— Federal efforts have been instrumental in the substantial progress made by minorities.
Levitan and Taggart consistently document effective, positive achievements by government to promote the general welfare and to redress many of the nation’s most serious social and economic ills stemming from poverty, discrimination, and old age. They argue that an affluent and compassionate society has the ability and responsibility to extend rather than to retrench its basic system of protection for those who cannot make it on their own. If progress toward a just society is to continue, the new agenda must begin with a judicious and comprehensive reappraisal of last decade’s reforms. The Promise of Greatness provides such a perspective. Based upon a sound analysis of past legislation, it will certainly be an indispensable guide to the future policies that shape this country.
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