Frederic L. Pryor uses the concept of structural complexity to show
how changes in the population, the labor force, the structure of
industry, the financial system, foreign and domestic trade, and the
government sector are related to the same general trend in the U.S.
economic system over the past forty years and in the coming twenty
years. He also investigates the impact of these changes on the
functioning of the system, exploring such matters as the long-term
rising unemployment rate, the alleged increasing volatility of the
economy, the changing degree of competition, and the evolving role
of the government. The discussion is aimed at those who wish to
view the economy as a whole and who are concerned with problems of
understanding an economy that is becoming increasingly complex
along many different dimensions. For specialists a number of
appendices discuss a variety of technical issues.
General
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