In Surrender, Michael Meeropol takes a close look at what actually happened to the American economy during the years of the "Reagan Revolution," revealing with compelling evidence the policies that were truly responsible for the failure to generate rapid growth and other economic improvements. Meeropol gives a detailed account of the inability of the U.S. economy between 1990 and 1994 to improve productivity or raise incomes for most of the population. He contends that the next recession, certain to begin before the end of 1999, will reveal public policymakers' predictions of balanced budgets and millennial prosperity to be hubris of the highest order.
Revolution in economic policy Understanding the economy Explaining unacceptable economic performance Alternative analyses The "revolutionary offensive," 1979-84 "Morning in America" Seven fat years, or illusion? Testing the various assertions Failures, real and imagined The Bush presidency and Clinton's first two years : the end of Reaganomics? The republican triumph and the Clinton surrender Coda: "There is no alternative".
Includes bibliographical references (p. 351-361) and index. Description based on print version record.