The Case for Big Government
Political conservatives have long believed that the best government is a small government. But if this were true, noted economist Jeff Madrick argues, the nation would not be experiencing stagnant wages, rising health care costs, increasing unemployment, and concentrations of wealth for a narrow elite. In this perceptive and eye-opening book, Madrick proves that an engaged...more
I picked up this book because it was well-reviewed, and I heard it ref ...more
"History reminds us that at every moment of economic upheaval and transformation, this nation has responded with bold action and big ideas. In the midst of civil war, we laid railroad tracks from one coast to another that spurred commerce and industry. From the turmoil of the Industrial Revolution came a system of public high schools that prepared our citizens for a new age. In the wake of war and depression, the GI Bill sent a generation to ...more
Madrick makes a convincing, statistics-driven argument the last thirty years of laissez-faire government have been an earnings disaster for anyone not in the top 1% of wealthy Americans -- that health care costs and educational costs are spiraling out of control while there has been almost no gain in wages. What's interesting, though, is he treats the last thirty years ...more
JEFF MADRICK is a regular contributor to The New York Review of Books, and a former economics columnist for The New York Times. He is director of the Bernard L. Schwartz Rediscovering Government Initiative at the Century Foundation, where he is a Senior Fellow; editor of Challenge Magazine; and visiting professor of humanities at The Cooper Union.
He has written for many other publications over the ...more