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The Land of Too Much : American Abundance and the Paradox of Poverty by Prasad, Monica is a nonfiction available to read on EtoBox.

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__The Land of Too Much__ presents a simple but powerful hypothesis that addresses three questions: Why does the United States have more poverty than any other developed country? Why did it experience an attack on state intervention starting in the 1980s, known today as the neoliberal revolution? And why did it recently suffer the greatest economic meltdown in seventy-five years? Although the United States is often considered a liberal, laissez-faire state, Monica Prasad marshals convincing evidence to the contrary. Indeed, she argues that a strong tradition of government intervention undermined the development of a European-style welfare state. The demand-side theory of comparative political economy she develops here explains how and why this happened. Her argument begins in the late nineteenth century, when America’s explosive economic growth overwhelmed world markets, causing price declines everywhere. While European countries adopted protectionist policies in response, in the United States lower prices spurred an agrarian movement that rearranged the political landscape. The federal government instituted progressive taxation and a series of strict financial regulations that iron

Who reads The Land of Too Much : American Abundance and the Paradox of Poverty?

Author

Prasad, Monica

Publisher

Harvard University, Department of Sanskrit & Indian Studies

Published

2012

Language

EN

ISBN

9780674067813

Category

nonfiction

Subjects

Economics, Sociology, History

Rating

3 / 5 (1 ratings)

Updated

2026-03-24