{"id":425814,"date":"2018-09-12T21:30:08","date_gmt":"2018-09-12T21:30:08","guid":{"rendered":"https:\/\/acemystudy.com\/?p=1891"},"modified":"2018-10-24T09:01:05","modified_gmt":"2018-10-24T09:01:05","slug":"assignment-1-david-kotz-the-rise-and-fall-of-neoliberalism-chapters-1-5","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/assignment-1-david-kotz-the-rise-and-fall-of-neoliberalism-chapters-1-5\/","title":{"rendered":"Assignment 1 David Kotz, The Rise and Fall of Neoliberalism – Chapters 1 \u2013 5"},"content":{"rendered":"

David Kotz, The Rise and Fall of Neoliberalism – <\/em>Chapters 1 \u2013 5<\/h2>\n

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Answer all questions<\/p>\n

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  1. Chapter 2 explains that neoliberalism was a planned and well-executed political strategy whose goal was to challenge the role of the government in the capitalist economy. Its primary aim was to remove the various watchdogs that had been set up in various government agencies to protect the public from monopoly power, negative externalities of pollution and congestion, alleviate the worst kinds of poverty and unemployment, and sound a warning bell when speculative behavior let to asset bubbles.\u00a0 This is all captured in Table 2.1, \u201cThe Ideas and Institutions of Neoliberal Capitalism\u201d<\/li>\n<\/ol>\n

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    In 250-350 words,\u00a0 explain WHY neoliberalism attempted to (i) alter the role of the government in the economy and (ii) break up the accord that had fostered conversations between labor unions and the management of large corporations.<\/strong><\/p>\n

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    1. Chapter 3 looks back at what Kotz calls the golden era\u2014the era of regulated capitalism which ushered the post-war growth and development of the US economy from 1945 \u2013 1970.<\/li>\n<\/ol>\n

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      In 250-350 words, <\/strong><\/p>\n

      (i)\u00a0 explain Kotz\u2019s claim that the largest of the US corporations supported regulated capitalism during 1945-70 but later dropped its support and advocated for its overturn.\u00a0 In your answer, explain how the oligopoly sector benefited from<\/em> the policies of regulated capitalism and what happened during the 1970\u2019s which convinced the oligopoly sector to advocate for the end of regulated capitalism.<\/strong><\/p>\n

      \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (ii)\u00a0 Using the videos \u201cAmerica\u2019s Time 1976-80 and \u201cDecline of the Labor Union, add more information or analysis to what you have written in (i).\u00a0 What did these videos bring out that amplify Kotz\u2019s points, adds a new dimension, and\/or challenges Kotz\u2019s analysis?<\/strong><\/p>\n

      \u00a0<\/strong><\/p>\n

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      1. The theme of Chapter 4 is that neoliberalism capitalism has failed to deliver on its promise to deliver even faster economic growth with enhanced opportunities for all in society to benefit from the opportunities of the free market economy.<\/li>\n<\/ol>\n

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        In 350-500 words, <\/strong><\/p>\n

        (i) select at least 4 different arguments that Kotz provides to support his claim that neoliberalism is flawed and has actually created more economic insecurity and instability that its predecessor, regulated capitalism. <\/strong><\/p>\n

        (ii)\u00a0 How does the Lowrey article add to this discussion of the impact of neoliberalism?<\/strong><\/p>\n

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        1. Chapter 5 discusses the roots of the financial crisis in 2007-09 and pins the blame on behavior that was encouraged by neoliberal institutions. The argument is supported by data and a schematic outline of the argument in Figure 5.4.\n
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          1. What are the neoliberal institutions that Kotz is referring to?<\/li>\n
          2. How is rising income inequality linked to the era of neoliberalism? Why would unregulated competitive capitalism create such a huge gap between the average US employed worker and the owner class (those whose wealth comes not from labor but from holding financial assets)?<\/li>\n
          3. What are asset bubbles and why did they arise from the unregulated\/neoliberal era of the 1990\u2019s-2007?<\/li>\n
          4. Provide a definition and example of risky, speculative behavior on the part of financial institutions. Why weren\u2019t banks more prudent and careful in lending money to corporations and individuals?<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n

             <\/p>\n

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            1. In Question 4 you traced the 3 developments of rising inequality, asset bubbles, and risky lending by financial institutions. In this question, explain the link between these 3 developments the following three \u201cunsustainable trends\u201d:<\/li>\n
            2. rising household and financial sector debt<\/li>\n
            3. the spread of toxic financial assets<\/li>\n
            4. excess productive capacity? Explain the link.<\/li>\n<\/ol>\n

               <\/p>\n

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              1. In his video lecture, Joseph Stiglitz explains that income inequality imposes costs<\/em> on the US economy and society.<\/li>\n
              2. Who is Joseph Stiglitz and what are his credentials? Do a Google search<\/li>\n
              3. What are the myths about income inequality that he hopes to dispel?<\/li>\n
              4. What costs does income inequality impose on the US economy and society?<\/li>\n
              5. The \u201cCrisis of Credit\u201d video fills in detail about risky, speculative behavior on the part of banks and how and why banks used leverage to enhance their profits. What is leverage and how does it \u201cturn good deals into great deals?\u201d<\/li>\n<\/ol>\n

                \u00a0<\/strong><\/p>\n

                \u00a0<\/strong><\/p>\n

                Rules for this Assignment<\/strong><\/p>\n

                \u00a0<\/strong><\/p>\n

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                1. Answer every question in your own words<\/u>. It is perfectly fine to paraphrase from the texts, but if you do so, cite the text to indicate that you are using one of the author\u2019s words\/thoughts and not your own<\/u>.\u00a0 To cite something that you have paraphrased, simply use the informal convention:\u00a0 (Kotz, p. 130) .\u00a0 You may use other sources to help you, but these sources must be cited.\u00a0 Use of a source without citation is considered to be plagiarism at UVM.<\/li>\n<\/ol>\n

                   <\/p>\n

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                  1. I have indicated suggested word limits so that you have a guide. With assignments like these, err on the side of writing more, not less.<\/li>\n<\/ol>\n

                     <\/p>\n

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                    1. If you want to refer to a chart or graph into your document, simply cite it in the following way: (Kotz, 4.13)\u00a0 You may insert images into your document if you prefer.<\/li>\n<\/ol>\n

                       <\/p>\n

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                      1. Save your document either as a doc, docx, or pdf. Upload your document through the Blackboard Assignment Dropbox.\u00a0 <\/strong><\/li>\n<\/ol>\n

                         <\/p>\n","protected":false},"excerpt":{"rendered":"

                        David Kotz, The Rise and Fall of Neoliberalism – Chapters 1 \u2013 5   Answer all questions   Chapter 2 explains that neoliberalism was a planned and well-executed political strategy whose goal was to challenge the role of the government Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-425814","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/425814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=425814"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/425814\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=425814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=425814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=425814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}