Choices for the Japanese Economy
The Japanese postwar economic miracle, argues the author, was paid for at the cost of a drastic decline in the share of national income going to labor, from 93 percent in 1951 to 68 percent in 1970-not to mention the other costs of pollution, congestion and urban decay. The miracle was self-terminating, its end hastened by the energy crisis; and the task this book sets itself is to consider alternatives, which it does cogently and lucidly.
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