Additional information
by David Schwartzman (Author)
In the post-World War II era, the U.S. government's full employment policy led to rapid mechanization of production by reducing the cost of financing investment. The mechanization of production displaced more blacks than whites because blacks were disproportionately unskilled. In addition, the growth in the import of manufactured goods further reduced the demand for unskilled labor. The author argues that the government should fill the gap with government employment and should discourage imports from developing countries.
Author Biography
DAVID SCHWARTZMAN is Professor of Economics at the New School for Social Research in New York City. Dr. Schwartzman has researched and written extensively in areas related to economic policy, and his publications include The Decline of Service in Retail Trade, Oligopoly in the Farm Machinery Industry, Innovation in the Pharmaceutical Industry, Games of Chicken: Four Decades of U.S. Nuclear Policy (Praeger, 1988), Economic Policy: An Agenda for the Nineties (Praeger, 1989), and The Japanese Television Cartel: A Study Based on Matsushita v. Zenith.
