Abstract

How to Fix Our Broken Economy
MADRICK, JEFF | October 22, 2007 issue

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The article discusses the perils for the U.S. economy of mainstream economic theory, and recommends replacing it with "demand-led growth theory," which involves bringing about higher wages and increased public investment to stimulate buying power. Although profits and gross domestic product in the U.S. are up, the article warns that wages, capital investment, and productivity are dangerously low.

See Also:

ECONOMIC reform; PUBLIC investments; WAGES -- Government policy; UNITED States -- Economic conditions -- 2001-; UNITED States
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