Production and Finance

Abstract

In a review of a new book on the problems of the U.S. economy, Cornell economics professor Alfred E. Kahn, perhaps best known as Jimmy Carter's "inflation fighter," articulates in the briefest and clearest form an important tenet of orthodox economics which is usually taken for granted and left unexpressed.

This article can also be found at the Monthly Review website, where most recent articles are published in full.

Click here to purchase a PDF version of this article at the Monthly Review website.