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The Fiscal Crisis of the State [Paperback]

James O'Connor
4.0 out of 5 stars  See all reviews (1 customer review)
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Book Description

15 Dec 2006
The Fiscal Crisis of the State refers to the tendency of government expenditures to outpacxe revenues in the U. S. during the later 1960s and early 1970s, but its relevance to other countries of the period and also in todays global economy is evident. When government expenditure constitutes a larger and larger share of total economy, theorists who ignore the impact of the state budget do so at their own (and capitalism's) peril. This volume examines how changes in tax rates and tax structure used to regulate private economic activity. O'Connor theorizes that particular expenditures and programs and the budget as a whole can be understood only in terms of power relationships within the private economy.

Product details

  • Paperback: 308 pages
  • Publisher: Transaction Publishers; New edition edition (15 Dec 2006)
  • Language: English
  • ISBN-10: 0765808609
  • ISBN-13: 978-0765808608
  • Product Dimensions: 22.9 x 15.2 x 1.8 cm
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Bestsellers Rank: 561,400 in Books (See Top 100 in Books)

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Product Description

About the Author

James O'Connor is emeritus professor in the Deparment of Sociology at the University of California at Santa Cruz.

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Most Helpful Customer Reviews
4 of 4 people found the following review helpful
4.0 out of 5 stars Fiscal crisis? What fiscal crisis? 5 April 2010
I bought this book for my dissertation, though I would recommend it to people who are familiar with neo and post Marxist literature. It was written in the Seventies, though it has a new note at the beginning by the author in which he attempts to mitigate his lack of foresight regarding the rise of so-called neoliberalism.

I say 'so-called' because it is, after all, a perjorative term, though I use it myself regularly to describe the system of thought which expolits the inequitable and hidden aspects of our economy, aspects which begin to reveal themselves to us when we utilise the dialectical method of analysis.

This book gives us the benefit of a perspective on labour-capital relations which accounts for the divisions within labour, and the way in which parts of the labour force (the 'monopoly' sector) collude with capital to their benefit, keeping discipline within their own ranks, and making deals which deprive the poorest working people (in the 'competitive' sector) of a fair share of our common wealth. It describes the American society, but many of its observations are applicable to any advanced late or post-industrial state.

For those who have been following the work of David Harvey and others, it may be of some benefit to read this. While it is an old text, it could not be more up to date in the issue it addresses. It is an accessible text, and the writer does not fall in love with his own alliteration. He keeps it concise. So much so that his matter-of-fact assault on the contradictory and destructive process of capital accumulation sometimes shocks in its plausibility.

I won't say very much more about it as I keep dissembling into anti-capitalist rhetoric.
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