The Rise and Fall of the American Middle Class

From the collections Learn Economics at Home, #NewEconomicThinking, #INET2017, The Vanishing Middle Class, Economics of Innovation


William Lazonick, professor at University of Massachusetts Lowell, explains how rationalization, marketization, and globalization characterize the U.S. economy during the past 50 years, and how the behavior of companies and fate of American workers have changed during this process.

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