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03756aam a2200397 i 4500 001 D2BF6D5C141211EF8F56A7732FECA4DB 003 SILO 005 20240517010047 008 230923s2024 nyu b 001 0 eng 010 $a 2023040951 020 $a 1942130937 020 $a 9781942130932 035 $a (OCoLC)1391095421 040 $a LBSOR $b eng $e rda $c DLC $d OCLCO $d YDX $d SILO 042 $a pcc 043 $a n-us--- 050 00 $a HC106.7 $b .C678 2024 082 00 $a 338.973 $2 23/eng/20231017 100 1 $a Cooper, Melinda, $e author. 245 10 $a Counterrevolution : $b extravagance and austerity in public finance / $c Melinda Cooper. 264 1 $a Brooklyn, New York : $b Zone Books, $c [2024] 300 $a 564 pages ; $c 22 cm. 490 1 $a Near futures 520 $a "This book seeks to explain the combination of austerity and extravagance that characterizes government spending and central bank monetary policy in our times"-- $c Provided by publisher. 520 $a "A thorough investigation of the current combination of austerity and extravagance that characterizes government spending and central bank monetary policy. At the close of the 1970s, government treasuries and central banks took a vow of perpetual self-restraint. While, to this day, welfare states do penance for fiscal sins, a closer look at the period of neoliberal ascendancy reveals a deep paradox. For all their pledges to contain debt and stamp out inflation, fiscal and monetary authorities have persistently violated their own moral code to indulge the interests of financial asset holders. Though mere wage earners are condemned to grinding austerity, wealthy investors inhabit a parallel universe of extravagant possibility. Melinda Cooper reads the neoliberal turn in public finance as a counterrevolutionary project-a trauma response to the turmoil of the late 1960s and early 1970s. The book focuses on the role of public choice theory and supply-side economics in driving this counterrevolution and orchestrating the distribution of extravagance and austerity. Neoliberal public finance has not only deepened the divide between rich and poor. It has also reshaped the organizational form of capitalism itself. Dynastic capitalism is back with a vengeance, reckless as in the gilded age but much more actively subsidized by the state.Far-reaching as the neoliberal counterrevolution has been, Cooper still identifies a counterfactual history of unrealized possibilities in the capitalist crisis of the 1970s. She concludes by inviting us to rethink the concept of revolution and raises the question: is another politics of extravagance possible?"-- $c Provided by publisher. 504 $a Includes bibliographical references and index. 505 0 $a Introduction : fiscal and monetary counterrevolution -- Capital gains : supply-side economics and the return of dynastic capitalism -- Wage losses : supply-side populism and the blue-collar producer -- Infinite regress : Virginia school neoliberalism and the tax revolt -- Constitutional austerity : Virginia school neoliberalism and the balanced budget amendment -- Aborting America : the reproductive politics of the national debt -- Conclusion : on fiscal and monetary revolution. 650 0 $a Finance, Public $z United States $x History $y 20th century. 650 0 $a Neoliberalism $z United States. 650 0 $a Supply-side economics $z United States. 651 0 $a United States $x Economic policy $y 1971-1981. 776 08 $i Online version: $a Cooper, Melinda. $t Counterrevolution $d New York : Zone Books, [2024] $z 9781942130949 $w (DLC) 2023040952 830 0 $a Near futures 941 $a 1 952 $l OVUX522 $d 20240517010856.0 956 $a http://locator.silo.lib.ia.us/search.cgi?index_0=id&term_0=D2BF6D5C141211EF8F56A7732FECA4DBInitiate Another SILO Locator Search