Overview
In his bold and innovative study, Narindar Singh rejects the Keynesian preoccupation with increasing employment to fuel market demand. The Keynesian Fallout seeks to reorient the macroeconomic research from cyclical unemployment to what the author terms "chronic misemployment." This volume challenges Keynes and his followers who concentrate on the level of employment while disregarding the content of employment. Singh cites examples of employment in the arms industry and a wide range of industries that harm the environment while producing goods of little value. He argues that this activity contributes to consumer materialism and only serves as a means of aggravating the problem. This volume creates an awareness and helps us understand the roots of the crisis facing the modern world—global warming, ozone depletion, deforestation, and filling landfills.
This thought-provoking volume will be essential to anyone in the field of macroeconomic and social theory, economic philosophy, and developmental studies.