The Overburdened Economy: Uncovering the Causes of Chronic Unemployment, Inflation, and National Decline

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9780520056862: The Overburdened Economy: Uncovering the Causes of Chronic Unemployment, Inflation, and National Decline
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Argues that the American economy has continued to decine since the late 1960s and includes ideas for America's revitalization

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Dumas attempts a new classification scheme for economic activity that he believes will be helpful in understanding and curing both inflation and unemployment. Economic activity is either contributive, neutral, or distractive based on its impact on the society's standard of living. Diverting resources from contributive activity, Dumas says, is the major cause of economic problems. Unfortunately, his new terminology is too vague, too technical, and ultimately too confusing. The book could use more real world examples of the new taxonomy, and Dumas does not establish a convincing need for such changes in classification. Recommended only for comprehensive collections. Richard C. Schiming, Economics Dept., Mankato State Univ. , Minn.
Copyright 1986 Reed Business Information, Inc.

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9780520061699: The Overburdened Economy: Uncovering the Causes of Chronic Unemployment, Inflation, and National Decline

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ISBN 10:  0520061691 ISBN 13:  9780520061699
Publisher: University of California Press, 1987
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