Abstract
In the last year or two, the U.S. has been called the Goldilocks economy because it has been rolling along just right, not too hot and not too cold, with both unemployment and inflation at the lowest levels in thirty years and a booming stock market. Business Week has even proclaimed, in a series of prize-winning special issues, that the U.S. has entered a new era in which rapid technological change (especially information technology) will make it possible for the U.S. to continue to achieve both low unemployment and low inflation for the foreseeable future.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.
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