Description
This book examines America's economy over the past several decades and the sources of our recent success and comes to surprising conclusions about what we can learn from it.
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London, a visiting fellow at the American Enterprise Institute who served as deputy under-secretary of commerce for economics and statistics in the Clinton administration, argues that the prosperity of the 1990s was the result of political struggles over several decades that opened up markets and increased competition, rather than the changes in monetary or tax policy that most economists focus on. He contends that future prosperity will depend on maintaining competition, and shows how the lessons of the 1990s can be applied to break the local monopolies of the health care and education sectors. Annotation ©2004 Book News, Inc., Portland, OR (booknews.com)
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