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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (75972)	2/15/2000 9:38:00 PM
From: Skeeter Bug	Respond to of 132070

tom, the answer is to manipulate the productivity #s. at least, that is the answer this administration latched onto...

To: Tommaso who wrote (75972)	2/16/2000 2:50:00 AM
From: JF Quinnelly	Respond to of 132070

Yup, that book is a real page-turner, can't understand why it didn't make the best seller lists. Not something to read cover to cover, but it can be useful for getting an idea of what affected American finance over the years. I keep in mind Friedman's monetarist viewpoint, but I haven't spotted anything in the book that I thought was misleading due to it. Maybe I'll read over the sections that deal with the expansion of railroads, and the industrial innovations of the '20s, and see if there's anything about productivity increases. Schumpeter is the guy for the effects of productivity. 'Creative destruction' was his characterization of the nature of innovation. I've got a few of his books, including "Business Cycles"... in that one he was partial to Kondatrieff, Kitchen, and whatever that third wave cycle is called. Can't say I'm all that sold on those waves.