Economic Crisis in the United States: Management Strategies for a Democratic Economy

Martin, Edward J., Martin, Ariana C., Public Administration and Management

ABSTRACT

It has been argued that market capitalism is the most efficient, effective, and equitable method for the distribution of economic wealth in the history of the world. Those who support this point of view usually site the overall economic output of market growth in terms of both Gross Domestic Product (GDP) and Gross National Product (GNP). Some, on the other hand, would question this evidence by pointing to, not only the cyclical nature of the economy, but the collapse of the United States (US) economy during the Great Depression of 1932 and the near collapse of the economy in what has been described by economists as the Great Recession of 2008 (Krugman, 2009). Suffice it …

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Publication information: Article title: Economic Crisis in the United States: Management Strategies for a Democratic Economy. Contributors: Martin, Edward J. - Author, Martin, Ariana C. - Author. Journal title: Public Administration and Management. Volume: 16. Issue: 2 Publication date: April 1, 2011. Page number: 145+. © Southern Public Administration Education Foundation 2007. Provided by ProQuest LLC. All Rights Reserved.

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