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2006 | OriginalPaper | Chapter

Is the New Economy Rewriting the Rules?

Author : James K. Galbraith

Published in: Unbearable Cost

Publisher: Palgrave Macmillan UK

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Mr President, the question before this panel is, in effect, ‘Can Full Employment Without Inflation Endure?’ According to the ‘old rules’ and those who believe them, the expansion will not last. Growth is too rapid, unemployment too low, stocks too high. There are deep and mysterious reasons why wage inflation is sure to explode, someday soon. Even more mysteriously, some have even suggested that the rate of productivity growth is too fast.

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Metadata
Title
Is the New Economy Rewriting the Rules?
Author
James K. Galbraith
Copyright Year
2006
Publisher
Palgrave Macmillan UK
Book
Unbearable Cost

Print ISBN: 978-0-230-01901-0

Electronic ISBN: 978-0-230-23672-1

Copyright Year: 2006

DOI
https://doi.org/10.1057/9780230236721_48