Cover image for America's new economy : the basic guide
America's new economy : the basic guide
Hamrin, Robert D.
Personal Author:
Publication Information:
New York : F. Watts, 1988.
Physical Description:
ix, 484 pages ; 24 cm
General Note:
Includes index.
Format :

On Order

Reviews 3

Booklist Review

Hamrin's guide to basic economics discusses such concepts as GNP, the deficit, personal savings rates, income distribution, and wages. Each chapter starts with a brief description of the issues and then goes on to list important facts, some of them real eye-openers. For example, protectionism has a high price: the cost per job saved in the canned tuna industry is approximately $76,000, while in specialty steel it is almost $1,000,000. Most chapters provide tables with historical data or comparisons between countries, and sections conclude with summations and descriptions of the current policy debates. A solid reference work for general collections. Appendixes; to be indexed. BK. 330.973'0927 U.S.-Economic conditions-1981- / U.S.-Economic policy-1981- [OCLC] 87-37153

Publisher's Weekly Review

As a monster Federal deficit haunts the U.S. economy, and business expansion under a new tax structure stirs fears of another inflation, economist Hamrin (Managing Growth in the Eighties) undertakes to sort things out. Exploring specific categorieseconomic growth, taxation, inflation, productivity, the deficit, wealth, poverty, etc.he poses a series of questions (``Have taxes really come down in the 1980s?'') accompanied by charts and tables; lists ``the facts'' (e.g., 40% of income-tax revenue goes to pay interest on the national debt); and cites experts' often-conflicting answers and interpretations. The study is a multidimensional grid of forces and theories, a minute analysis of our empirically evolved situation. Looking to the future, Hamrin describes current trends toward restructured entrepreneurial industry, with greater employee participation leading to improved product quality and a better trade picture, and postulates future electronic living standards still economically problematical and difficult to envision. (June) (c) Copyright PWxyz, LLC. All rights reserved

Library Journal Review

Writing in a breezy, informal style, economist Hamrin provides an objective overview of problems facing the U.S. economy. After describing the big picture, he treats important issuese.g., inflation, taxes, poverty deregulation, automation, and unionsin 26 brief chapters, concluding with lists of the economy's strengths and weaknesses, key people, publications, and institutions. Besides introducing questions, Hamrin gives basic economic facts and presents interpretations of data from different viewpoints. Unfortunately, he does not give precise sources of most information supplied. Nevertheless, his survey is useful for public and high school libraries. Leonard Grundt, Nassau Community Coll. Lib., Garden City, N.Y (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.