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The Restructuring of the American Economy

In: Inflation and Income Distribution in Capitalist Crisis

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  • Lawrence R. Klein

Abstract

The de-industrialisation of America, the economy in transition, the loss of American competitiveness, and many other popular phrases have become commonplace. Perhaps the earliest massive statement was provided by Business Week’s cover story on de-industrialisation in 1980. It was sensational, as were so many of the subsequent pronouncements on the subject. We should not be surprised at the changes in industrial composition of the economy during the past several years. There was adequate warning and a thrashing out of the problems.

Suggested Citation

  • Lawrence R. Klein, 1989. "The Restructuring of the American Economy," Palgrave Macmillan Books, in: J. A. Kregel (ed.), Inflation and Income Distribution in Capitalist Crisis, chapter 2, pages 25-45, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-08833-1_3
    DOI: 10.1007/978-1-349-08833-1_3
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