Growing Prosperity

Barry Bluestone is the Russell B. and Andree B B. Stearns Trustee Professor of Political Economy and the founding director of the Center for Urban and Regional Policy at Northeastern University. Before his recent death, Bennett Harrison was Professor of Political Economy at the New School for Social Research in New York. Bluestone and Harrison collaborated on two earlier books: The Great U-Turn: Corporate Restructuring and the Polarization of America (1990) and The Deindustrialization of America (1984).

"Growing Prosperity could well be as important in shaping our future as Keynes' General Theory....A work as meticulous as it is powerful, as promising as it is persuasive." - Robert Heilbroner, author of The Worldly Philosophers "Bluestone and Harrison have alerted us to the key issue confronting America: how to achieve growth with equity. This country needs a powerful dialogue on how to continue growth while deepening its benefits to all Americans. This is the blueprint for the terms of that debate." - U.S. Representative Richard Gephardt "A breakthough in the political debate over the New Economy. This is the first book that lays out a progressive economic policy designed to encourage technology-driven growth, while ameliorating bad consequences such as a widening income disparity and excessive dependence on a volatile stock market." - Michael J. Mandel, Business Week"

• ForewordPrefacePreface to the Paperback Edition1 Growth with Equity2 A History of American Growth 3 America's New Growth Potential 4 The Wall Street Model 5 The Wall Street Model: Too Little Long-Term Growth 6 The Wall Street Model: Too Much Long-Term Inequality 7 The Main Street Model for Growth with Equity 8 From Wall Street to Main Street: Economic Policy for the Twenty-first Century Notes Bibliography Index