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Ailing economy

New book co-written by John Miller offers prescription

The root causes of the economic crisis that emerged in 2007, and how to restore the U.S. to fiscal health, is the subject of a new book co-written by Professor of Economics John Miller.

Economic Collapse, Economic Change: Getting to the Roots of the Crisis, which Miller wrote with co-author Arthur MacEwan, focuses on the U.S. but also connects its diagnosis to world economies.

Published by M.E. Sharpe, the book argues that the economic crisis was caused by economic and political inequality and a widespread belief that the market is best left to regulate itself.

For two decades, Miller has served as a contributing editor to the magazine Dollars & Sense, and he has also contributed to publications, including Challenge and the Review of Radical Political Economics. He also edits and contributes to the classroom reader, Real World Macro, which is published by Dollars & Sense. (A selection of Prof. Miller's articles are available on his web site.)

"I hope our readers are convinced by our book that the inequality-power-ideology nexus we describe is indeed at the center for the economic crisis, and that that changes in income and wealth distribution, in who has power in our society, and in the ideology of how we view the operation of the economy are at the center of a lasting solution to the problems of our economic lives," says Miller.

At Wheaton, Professor Miller teaches courses on macroeconomics, the history of economic thought and global economic issues.

He has been a visiting professor at the University of California and served as an economic consultant to the Southeast Asia Office of Oxfam America. In 1995 he was awarded a J. William Fulbright Scholarship and spent the year as the Southeast Asia Regional Research Scholar of the Council for International Exchange of Scholars.