Unemployment, unused capacity, and stagnation are the "barbaric results" of a failure to understand both the sources of satisfactory growth up to the early 1970s and the troubles of the world economy since, according to Professor Rostow. His cure includes, among other things, an incomes policy; investment in raw materials, energy, agriculture, and the infrastructure; government help in the diffusion of new technologies and in making steel, autos and other basic industries competitive. Highly readable, the book combines pamphleteering with analysis and recommendation of a memo to the President. This first-rate work should be taken seriously even by those who do not believe in Kondratieff cycles.
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