Authors don't usually write headlines. The Palley column, with much
that is well-taken,
is not really about growth, but full employment.
The striking thing to me about the Warsh book re: mainstream growth
theory is the
myriad of means by which economists gloss over the role of the public
sector, even as
explicitly implied by their own models.
Louis Proyect wrote:
http://chronicle.com/weekly/v54/i31/31b01001.htm
Chronicle of Higher Education, from the issue dated April 11, 2008
THE MATERIAL WORLD
America's Exhausted Growth Paradigm
1980 brought a new kind of business cycle, one that's no longer sustainable
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