Towards Understanding and Control

Kenneth E. Boulding
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Kenneth E. Boulding: University of Colorado

Chapter 8 in The Structure of a Modern Economy, 1993, pp 96-110 from Palgrave Macmillan

Abstract: Abstract We should now have some image in our minds of the patterns and behaviour of the United States economy since 1929, at least in terms of its major components. We still lack a good deal of detail, partly because of deficiencies in the official statistics, but also because the details are more than any mind can manage. We cannot possibly have knowledge of the economic history of every one of the 300 million or so Americans who have lived during this period. It would be even more difficult to visualise the households, firms and other organisations that have existed, and still less could we visualise all the commodities that have been produced and consumed during this period. Nevertheless we do have some image of the aggregates and at least a rough idea of some significant proportions of the economy.

Keywords: Interest Rate; Unemployment Rate; Central Bank; Collective Bargaining; National Income (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12943-0_8

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DOI: 10.1007/978-1-349-12943-0_8

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