Toward a New Political Economy for the U.S

Ron Baiman
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Ron Baiman: Center for Tax and Budget Accountability, Chicago, IL, Baiman@sbcglobal.net

Review of Radical Political Economics, 2010, vol. 42, issue 3, 353-362

Abstract: The U.S. economy faces a fundamental structural and institutional crisis that requires major changes in economic policy and far reaching programs including: a) a federally funded permanent living wage jobs program mostly funded through transactions taxes on finance; b) emergency measures to cap and gradually reduce the U.S. trade deficit; c) a transparent and coherent “industrial policy†to increase high value added, competitive manufacturing exports. The goal should be to support “non-predatory†trade and industrial policies that move the U.S. and world economies toward sustainable and balanced trade and development. JEL classification: E00; L00; H00; F00; P00

Keywords: jobs program; full employment; trade policy; industrial policy; living wage; U.S. manufacturing (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:42:y:2010:i:3:p:353-362

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