Economic Doldrums

n Economic Doldrums, Robert McGillivray reviews U.S. economic trends over the period since World War II. A comparison is made between the period before 1973 and the years since, with interesting findings. Since 1973, the standard of living in the United States has been stagnant. McGillivray concludes that very low private and public investment are major causes of the slow growth in real per capita income and the steady decline in real earnings per worker experienced recently.