Volume 27, Number 10 · June 12, 1980
The No-WIN Society
By John Kenneth Galbraith
The Zero-Sum Society: Distribution and the Possibilities for Economic Change
by Lester C. Thurow
Basic Books, 230 pp., $12.95
Not many will think that government economists and economic advisers have much distinguished themselves of late, but they have succeeded, quite remarkably, in making themselves and their principals ridiculous. This they have accomplished by a combination of innocent hope, repetitive banality, and uncomplicated fraud. The economic system is behaving badly. A high rate of inflation is combined with high unemployment that is appalling among young, black central-city, and other vulnerable people. All effective remedial action requires energetic public steps, and for some influential groups somewhere in the polity some sacrifice of prospective gain.
Review, 2308 words
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