The interesting thing about this recession is that signs of it were visible as far back as two years ago. One indication of economic malaise was an enormous credit expansion accompanied, curiously enough, by a slowing down in the rate …
I Described by Eisenhower economists as a sideways movement, the downward turn in 1954 was overcome in a relatively quick reaction. Late in the year the major indices began to move up again and by July 1955 it was evident …
THE GREAT CRASH, 1929, by John Kenneth Galbraith. Houghton, Mifflin Co., Boston. 1955. 212 pages. $3.00. When John Kenneth Galbraith, the noted Harvard economist, testified recently before the friendly Fulbright committee on the condition of the stock market, prices took …
The recent rash of mergers in American industry has , once again highlighted the problem of monopoly. Quite the most glamorous corporate marriages have occurred in automobiles, where the overwhelming strength of Chrysler, Ford and General Motors forced Hudson into …
There are few occasions when so abstruse a discipline as theoretical economics enters into general currency. Adam Smith’s unseen hand and Marx’s surplus value are the two main examples up to the present in which recondite notions were absorbed into …
THE 20TH CENTURY CAPITALIST REVOLUTION, by Adolph A. Berle, Jr. Harcourt, Brace and Co., N. Y. 192 pages. $3.00. The place of monopoly in the modern world was highlighted some twenty years ago when Adolph Berle and Gardiner Means published …
When an economic theory successfully fuses into one vast system the ideas that an economy continuously reproduces itself without altering levels of production or consumption patterns, that perfect balancing of economic forces is attainable, that the prime movers in economic …
