The public has long been painfully aware of the economy's
stagnation. The contemporary recession has brought to the
foreground problems which have been germinating for decades.
Falling real wages, slow productivity growth, and the loss of
international competitiveness in major industries all are
outgrowths of long-term developments that predate this crisis. As
the United States moves from a position of global economic
leadership to one of economic interdependence, we need alternative
approaches to explain the dramatic changes in the US economy. This
collection of essays, written by leading scholars, presents a
systematic analysis of the nation's economic woes. The authors
furnish more than hard-hitting criticisms of the US economy. They
provide hope as they offer solutions to America's most pressing
economic problems.
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