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The Setting of the Decline

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Abstract

This book tells the story of the deterioration of the U.S. economy. In this work, I contend that the difficulties that the U.S. economy faces today reflect long-term problems that have been festering for many decades. We cannot remedy these ills by short-term policy adjustments.

Keywords

  • Business Cycle
  • Market Economy
  • Real Wage
  • Competitive Pressure
  • Wage Structure

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© 1993 Michael Perelman

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Perelman, M. (1993). The Setting of the Decline. In: The Pathology of the U.S. Economy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-22830-0_1

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