The overburdened economy : uncovering the causes of chronic unemployment, inflation, and national decline /
The over-bur-dened economy
Lloyd J. Dumas.
- Berkeley : University of California Press, 1986.
- xiv, 297 pages ; 22 cm.
Includes bibliographical references (pages 273-287) and index.
1. The appearance of progress, the reality of decline -- 2. The macroeconomic problem -- 3. Rethinking basic economic concepts -- 4. Contributive, neutral, and distractive activity: the fundamentals of resource use -- 5. Breaking down capital and labor -- 6. The impact of noncontributive activity on productive competence -- 7. Productive competence, unemployment, and inflation -- 8. The economics of transition -- 9. The theory of resource diversion -- 10. The theory of resource diversion: a more technical look -- 11. Applying the theory of resource diversion -- 12. Designing a program for economic revitalization.
"Lloyd Dumas has challenged one of the implicit assumptions of the Keynesian revolution and the national income statistics that embodied it: the assumption that all activity which is paid for must be productive. His questioning of this assumption may well set off a reorganization of the economic information system and point a new direction for economic research that will greatly improve our understanding of economic events. There are many indications that the time is ripe for a reorganization of economic thought, a new Kuhnian revolution, stimulated by the search for a more humanistic economics." -- From the preface.
0520056868 (alk. paper)
85020856
Unemployment--United States. Unemployed--United States Underemployment--United States. Inflation Poor--United States.