The Future of History: Can Liberal Democracy Survive the Decline of the Middle Class?
The Future of History: Can Liberal Democracy Survive the Decline of the Middle Class?
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历史的未来:自由民主能否在中产阶级的衰落中幸存下来?
DOI:
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发表时间:
2016
期刊:
影响因子:
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通讯作者:
Alexander Svitych
中科院分区:
文献类型:
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作者:
Francis Fukuyama;Alexander Svitych
debt is an intractable problem or not – Keynesian ‘functional finance’ seems to suggest not. Even the declining relevance of scarcity in contemporary economies is not universally endorsed (ch.5). John King himself seems still inclined to maintain that the egalitarian and welfare state achievements of the post-1945 era remain temporary (p.13). But on some central questions he seems to withhold judgement. For example, the phenomenon of transformational growth within the rich polities doesn’t get the discussion it seems to warrant, nor the application of Keynesian understandings of demand deficiency to poorer (developing) economies, nor overlaps between protectionist and developmentalist priorities, nor whether the age of financialization portends a longterm ‘age of decline’ (ch.6). While he supports ‘vigilant regulation’ of finance, opposes monetary policy and generally endorses ‘big government’, he is non-committal about whether wage-led inflation is still a possibility (ch.7). Though he has firm views on some particular policy options, elaboration of a ‘Kingian post-Keynesianism’ on others, especially globalism (ch.8) and Sraffian formalism, is truncated (ch.9). It is unreasonable to expect a 140-page ‘introduction’ to be comprehensive. What we have here is a reminder that post-Keynesian political economy still has much to contribute.