By Robert E. Lane
--David O. Sears, Professor of Psychology and Political technological know-how, UCLA
"Lane's deep wisdom of the assets of human happiness allows him to increase a strong critique of monetary theory."
---Robert A. Dahl, Sterling Professor Emeritus of Political technological know-how, Yale University
Robert E. Lane is the Eugene Meyer Professor Emeritus of Political technology at Yale college. His earlier guides comprise The lack of Happiness in marketplace Democracies (2000) and The industry adventure (1991).
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Extra resources for After the End of History: The Curious Fate of American Materialism
The more easily goods and production factors can move, the more integrated markets are. There are various barriers to trade and to production factor movements. There are both natural barriers and political barriers. The natural barriers concern the difficulties of overcoming physical distances. Technology determines how easily goods can be transported from one place to another, and the same applies to the mobility of production factors. Also, the technical possibilities of communication are very important for trade and factor movements.
9 Factors influencing economic development Growth is closely linked to increases in labour productivity The amount of goods and services available for the citizens of a country depends on the volume produced and the capacity to import. The available volume of goods and services (Y) is the sum of the volume of domestically produced goods and services for private consumption (C), for private investment (I), for public consumption and investment (G) in the country and the volume of imported goods and services (M).
There are some automatic economic stabilisers connected with the public sector. During periods of low economic activity, tax revenues fall more than activity, and public expenditures, such as unemployment payments, are automatically increased. Lower taxes and increased social transfers both stabilise disposable incomes in the economy. When the public sector is larger, the automatic stabilisers become more powerful. Economic conditions for the agricultural sector change more than in other sectors.
After the End of History: The Curious Fate of American Materialism by Robert E. Lane