Abstract
In Midwestern America, towards the end of the last century, a city directory was published which epitomized the buoyant entrepreneurial optimism of the day. The directory enumerated all the city’s adult inhabitants and gave the occupations of each: a Mrs Smith was listed as a housewife, a Miss Thomas as a seamstress, a Mr Williams as a blacksmith, and so on. And a chosen few of the citizens were proudly designated as ‘capitalists’.
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Chapter 4 Economic Turmoil
Paul A. Samuelson, Economics (8th ed. New York: McGraw-Hill, 1970) p. 818. The 10th edition (1976) carries a modified and perhaps less satisfactory version.
John Maynard Keynes, The General Theory of Employment, Interest and Money (London: Macmillan, 1974).
John Kenneth Galbraith, ‘How Keynes Came to America’, in Milo Keynes (ed.), Essays on John Maynard Keynes (Cambridge, England: Cambridge University Press, 1975) p. 132.
Ernest Gellner, ‘A Social Contract in Search of an Idiom’, Political Quarterly vol. 46, no. 2 (Apr June 1975) p. 131.
James Bryant Conant, On Understanding Science: An Historical Approach (New Haven: Yale University Press, 1947) p. 49 (italics added).
F. A. Hayek, The Road to Serfdom (London: Routledge & Kegan Paul, 1971) p. 2.
Mihajlo Mesarovic and Eduard Pestel, Mankind at the Turning PointLondon: Hutchinson, 1975) p. vii (certain italics deleted)
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© 1977 Donald Wilhelm
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Wilhelm, D. (1977). Economic Turmoil. In: Creative Alternatives to Communism. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15745-7_4
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