The Restructuring of the American Economy

Lawrence Klein

Chapter 2 in Inflation and Income Distribution in Capitalist Crisis, 1989, pp 25-45 from Palgrave Macmillan

Abstract: Abstract The de-industrialisation of America, the economy in transition, the loss of American competitiveness, and many other popular phrases have become commonplace. Perhaps the earliest massive statement was provided by Business Week’s cover story on de-industrialisation in 1980. It was sensational, as were so many of the subsequent pronouncements on the subject. We should not be surprised at the changes in industrial composition of the economy during the past several years. There was adequate warning and a thrashing out of the problems.

Keywords: Productivity Growth; Personal Service; Current Account Deficit; Employment Share; Manufacturing Activity (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-08833-1_3

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DOI: 10.1007/978-1-349-08833-1_3

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