In This Review

The Waste Of Nations: Dysfunction In The World Economy
The Waste Of Nations: Dysfunction In The World Economy
By Douglas Dowd
138 pp, Westview Press, 1989
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The waste is in arms production, unemployed resources, restrictions on output, financial manipulation, advertising, unnecessary activities generated by the pursuit of profit, bureaucracy, and the overcapacity in some fields that coexists with shortages in others. The analysis slips back and forth between perceptive insights and good historical perspectives on the one hand and conventional arguments-some mainstream, some left-leaning-on the other.