Introduction Setting the Stage

Michael Perelman

A chapter in The Pathology of the U.S. Economy Revisited, 2002, pp 1-5 from Palgrave Macmillan

Abstract: Abstract Writing a book about the recent state of the economy is always a risky business, perhaps akin to herding cats. By the time an author convinces himself that he has finally got a reasonable fix on the economy and commits his views to paper, the economy is liable to take on an entirely new complexion. Other times the economy will appear to be entering an unprecedented new phase, only to slink back unceremoniously into its previous incarnation. In short, the economy can be a cruel subject for those who are foolhardy enough to pretend that they can master it.

Keywords: Market Economy; Competitive Pressure; Real Hourly Wage; Limit Government Activity; Early Postwar Period (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-10823-3_1

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DOI: 10.1057/9780230108233_1

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