chapter  1
8 Pages

THE FLOW OF ECONOMIC HISTORY: ACCUMULATION, MONOPOLIZATION, COMPETITION

We live in an age of information overload. It comes not only through electronic media but also through an exploding number of textbooks and teaching materials at all levels of the U.S. education system. Under circumstances like these, how can a fundamental issue like the long-term development of the American economy be understood or even approached? How can students find their way amid all the competing versions of our economic history?