The American Economy: Income, Wealth and Want

The American Economy: Income, Wealth and Want

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Every economic system exists only to satisfy human wants, yet most systems fail to do so. Taking a keen look at the gap between goal and result, Stanley Lebergott appraises public policies relating to the U.S. distribution of income and wealth today. Part I shows that many programs have disappointed their proponents because certain basic assumptions were not understood. The author's new data suggest more realistic answers to much-debated questions: Are the rich getting richer? How much qupward mobilityq exists? What approaches to poverty, starvation, and discrimination are practical today? In Part II, size distributions are derived for wealth in 1970, for income in 1900, and for white and non-white income for the period 1900-1970. These data include new estimates for key items in the standard of living since 1900, with detail on services that have dominated the qpostindustrialq economy. Originally published in 1976. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These paperback editions preserve the original texts of these important books while presenting them in durable paperback editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.We assume a steady upward efficiency trend in manufacturing industry, tending to reduce material costs, and a steady upward trend in auto repair labor rates, and extrapolate to a 50 percent ratio for 1900. Interpolated ratios applied to theanbsp;...

Title:The American Economy: Income, Wealth and Want
Author: Stanley Lebergott
Publisher:Princeton University Press - 2015-03-08

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