The economy, like any organism, can absorb only so many minor injuries before the cumulative impact begins to undermine the economic health of the nation. Builtin stabilizers of unemployment compensation, social security, and the like may pull the economy out …
A close study of Mr. Gabriel Kolko’s article, “The American ‘Income Revolution’ ” in the Winter 1957 issue of DISSENT shows its scientific apparatus to be faulty; but I shall confine my criticism to the tables on pages 48-49, which …
Few claims concerning the direction of the American economy have been more important to social and political theory than the assertion that income has been radically redistributed. The theoretical systems built around this theme have captured the imagination of a …
One of the most singular advantages we derive from machinery is in the check which it affords against the inattention, idleness, or the knavery of human agents. CHARLES BABBAGE, The Economy of Machinery, 1832. The unequivocal statement can be made …
