000			01110nam a2200193Ia 4500
999			_c159888 _d159888
005			20220418151841.0
008			200208s9999 xx 000 0 und d
020			_a710008252
082			_a330.9 JOR
100			_a"Jordan, Bill"
245		0	_aAutomatic poverty
260			_aLondon
260			_bRoutledge & Kegan Paul
260			_c1981
300			_a197p.
520			_a Automatic Poverty provides a much-needed alternative to the Radical Right’s analysis. The book argues that Britain’s economic decline is symptomatic of an advanced stage of industrialisation in which productive processes are increasingly mechanised, but output remains static. Under these circumstances workers become redundant, the income of the working class diminishes, and dependence on the state increases. The ‘Ricardo phenomenon’ has become long-term feature of the British economy, and the author shows that neither Keynesian nor monetarist policies can remedy its consequences. It reflects a critical stage in the development of capitalism.
650			_aGreat Britain economic policy 1945
942			_cB _2ddc