The Changing American Economy

Today, as the service economy threatens to become a servant economy, there is doubt that the American middle class is still capable of perpetuating itself. Though America prospered for 20 years after World War II, the stagflation of the 1970s and the budgetary and trade deficits of the 1920s produced a dramatic socioeconomic polarization and a haunted prosperity. This collection of essays is by observers of political economics. It examines the lessons that have and have not been learned since the passage of the Employment Act of 1946, traces the shift in the dynamics of global economics, and defines the US role in international markets.