"This paper discusses parallels between our current recession and the Great Depression for the intelligent general public. It stresses the role of economic models and ideas in public policy and argues that gold-standard mentality still holds sway today. The parallels are greatest in the...

Introduction -- A dual economy -- The FTE sector -- The low-wage sector -- Transition -- Race and gender -- The investment theory of politics -- Preferences of the very rich -- Concepts of government -- Mass incarceration -- Public education -- American cities -- Personal debts -- Conclusions...

Intro -- Contents -- Introduction -- I An American Dual Economy -- 1 A Dual Economy -- 2 The FTE Sector -- 3 The Low-Wage Sector -- 4 Transition -- II Politics in a Dual Economy -- 5 Race and Gender -- 6 The Investment Theory of Politics -- 7 Preferences of the Very Rich -- 8 Concepts of...