The Escape From Hunger and Premature Death, 1700-2100: Europe, America, and the Third World
Fogel, a Nobel Prize-winning economic historian at the University of Chicago, takes a thermodynamic approach: How many calories are available for productive work above those required to maintain basic metabolism? This perspective is useful in considering the history of economic development, since human beings, poorer than now and often near the point of starvation, have historically had much less usable energy than they do now. The average white male is two to four inches taller than he was a century ago and also has greater body mass, greatly increasing his capacity for useful work; better nutrition, health care, and environment have resulted in sharp drops in mortality, disease, and chronic disabling conditions, especially in wealthy countries. Fogel sees these trends continuing well into this century and eventually extending to developing countries such as China. He does not lament the rising share of income devoted to health, which he sees as appropriate as people live longer and devote a smaller share of income to necessities such as food. He does, however, offer constructive suggestions for improving health care delivery in the United States, focusing on reaching the poorer and less-educated segments of the population. They do not include universal health insurance, which has more to do with financing than with delivering quality health care.
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With the U.S. economy soaring, few care that immigration to the United States is at its highest absolute levels. But what happens when the economy falls back to earth? High-tech immigrant workers are already competing with Americans for jobs, while unskilled immigrant laborers are becoming a permanent underclass. High immigration is creating imbalances in education, income distribution, employment, and welfare demands -- as well as tensions between immigrants and citizens and among the federal, state, and local governments. An economic slump will mean crisis. Congress and the White House need to cut back now.
John Kenneth Galbraith's dazzling career as an economist and public intellectual has left an oddly thin legacy. A new biography sets out to explain why -- tracing, in the process, the rise and fall of twentieth-century American liberalism.
In less than five years Japan will have a population profile like Florida's. Indeed, Japan's population is aging faster than that of any other country. A future with only two workers for each retiree will force radical change. It will shrink savings, turn the trade surplus to deficit, and drive more industry overseas. These demographic and economic factors will push Japan toward an increasingly independent foreign policy, causing friction with America. Tokyo and Washington must seek new arrangements cognizant of a maturing Japan.
