>Posted on 25 Oct 1995 at 05:35:43 by TELEC List Distributor (011802) > >[PEN-L:1108] economic decline/help > >Date: Wed, 25 Oct 1995 02:35:01 -0700 >Reply-To: [EMAIL PROTECTED] >From: [EMAIL PROTECTED] (jones/bhandari) > >I am reading the former finance editor of Business Week Jeffrey Madrick's >The End of Affluence: The Causes and Consequences of America's Economic >Dilemma--a short, non-specialist overview of the US economy. > >Madrick advances an interesting claim (actually it could be taken as an >indictment of the economics profession), and I am wondering whether he is >right about this. > >"For all its ups and downs, [the post- WWII boom] produced the fastest, >broadest-based economic growth and rising living standards a major economy >has ever seen. There is not one forecast on record that suggested it >might not last." (p.35) > >Is this true? > >Thanks for the help. > >Rakesh I don't know. Would you call Baran and Sweezy's MONOPOLY CAPITAL a forecast? Marsh Feldman Phone: 401/792-5953 Community Planning, 204 Rodman Hall FAX: 401/792-4395 The University of Rhode Island Internet: [EMAIL PROTECTED] Kingston, RI 02881-0815
