Across the political spectrum, there is an absence of serious and persuasive ideas for reviving and rebuilding the U.S. economy. Bill Clinton’s advocacy of extensive federal investment in infrastructure, training, and education is a vast improvement over anything else on …
The end of the Cold War should mean the end of the illusion that “free market capitalism” and communism are the only choices for a developed economy. The experiences of advanced European welfare states show that there are many more …
In the general euphoria about the collapse of communist regimes in Eastern Europe, it is often assumed that capitalism has been vindicated. To be sure, the failure of the Soviet model has shown the futility of attempting to organize an …
For much of the post-World War II period, the United States routinely had rates of unemployment higher than those in Western Europe. This pattern has been reversed in the 1980s; in 1984, the U.S. suffered with 7.4 percent unemployment: hardly …
Michael Piore and Charles Sabel have written a book that is both enormously insightful and deeply irritating. These two qualities are so tightly intertwined that it is not a question of directing readers to the good parts and warning them …
