The Rise and Fall of the American Middle Class

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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From the collection: s Learn Economics at Home, #NewEconomicThinking, #INET2017, America's Dual Economy: Why the Middle Class Is Vanishing, Economics of Innovation

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From the collections Learn Economics at Home, #NewEconomicThinking, #INET2017, America's Dual Economy: Why the Middle Class Is Vanishing, 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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