Automatic Poverty

Nonfiction, Social & Cultural Studies, Social Science, Sociology
Cover of the book Automatic Poverty by Bill Jordan, Taylor and Francis
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Author: Bill Jordan ISBN: 9780429894794
Publisher: Taylor and Francis Publication: July 20, 2018
Imprint: Routledge Language: English
Author: Bill Jordan
ISBN: 9780429894794
Publisher: Taylor and Francis
Publication: July 20, 2018
Imprint: Routledge
Language: English

Originally published in 1981, Automatic Poverty provides a much-needed alternative to the Radical Right’s analysis. The book argues that Britain’s economic decline is symptomatic of an advanced stage of industrialisation in which productive processes are increasingly mechanised, but output remains static. Under these circumstances workers become redundant, the income of the working class diminishes, and dependence on the state increases. The ‘Ricardo phenomenon’ has become long-term feature of the British economy, and the author shows that neither Keynesian nor monetarist policies can remedy its consequences. It reflects a critical stage in the development of capitalism.

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Originally published in 1981, Automatic Poverty provides a much-needed alternative to the Radical Right’s analysis. The book argues that Britain’s economic decline is symptomatic of an advanced stage of industrialisation in which productive processes are increasingly mechanised, but output remains static. Under these circumstances workers become redundant, the income of the working class diminishes, and dependence on the state increases. The ‘Ricardo phenomenon’ has become long-term feature of the British economy, and the author shows that neither Keynesian nor monetarist policies can remedy its consequences. It reflects a critical stage in the development of capitalism.

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