The Political Economy of Growth and Stagnation in the United States

Adam S. Hersh, 梁 鑫 (Translator)

Research output: Contribution to journalArticle

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Abstract

Abundant capital, highly effective labor and innovation has provided a powerful driving force for the American economic growth, however, under the neoliberalism political and economic policy, dweller income inequality situation worsens further, the United States of America is faced with a more severe recession. From the perspective of the political economics, analyzing the current political situation of the United States, exploring the roots of American economic growth and stagnation and summarizing experience and lessons for Chinese economic reform and development would be of great importance.
Original languageEnglish
Pages (from-to)154-163
Number of pages10
JournalJournal of Economics of Shanghai School
Volume9
Issue number4
Publication statusPublished - 2011
Externally publishedYes

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Economic growth
Stagnation
Political economy
Economic reform
Innovation
Economic policy
Economic development
Labor
Recession
Income inequality
Neoliberalism
Driving force
Political economics

Keywords

  • Neoliberalism
  • Distribution
  • Economic Development

Cite this

The Political Economy of Growth and Stagnation in the United States. / Hersh, Adam S.; 梁鑫 (Translator).

In: Journal of Economics of Shanghai School, Vol. 9, No. 4, 2011, p. 154-163.

Research output: Contribution to journalArticle

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