Is capitalism too productive?

Foreign Affairs

Volumn 76, Issue 5, 1997, Pages 79-92

  Krugman, Paul ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0039921698     PISSN: 00157120     EISSN: None     Source Type: Journal    
DOI: 10.2307/20048201     Document Type: Review

References (7)

1. The most visible proponents of the global glut doctrine have been Jeremy Rifkin (The End of Work: The Decline of the Global Labor Force and the Dawn of the Post-Market Era New York: G. P. Putnam, 1995) and the journalist William Greider (One World, Ready or Not: The Manic Logic of Global Capitalism, New York: Simon and Schuster, 1997) Similar views have been expressed by The New Republic's John Judis (see, for example "Global Capitalism," his dialogue with Clive Crook of The Economist in Slate, February 24-March 24, 1997) and by the economist Robert Heilbroner (Visions of the Future: The Distant Past, Yesterday, Today, Tomorrow, New York: Oxford University Press 1995) Global glut views are common among European trade union officials and left-of-center politicians (even Philippe Séguin, Juppé's successor as head of the Gaullist Rally for the Republic, advocates banning self-service gas pumps as a pro-employment measure) and prevail in bestsellers such as the writer Viviane Forrester's L'Horreure Economique, Paris: Fayard, 1996.
2. The most visible proponents of the global glut doctrine have been Jeremy Rifkin (The End of Work: The Decline of the Global Labor Force and the Dawn of the Post-Market Era New York: G. P. Putnam, 1995) and the journalist William Greider (One World, Ready or Not: The Manic Logic of Global Capitalism, New York: Simon and Schuster, 1997) Similar views have been expressed by The New Republic's John Judis (see, for example "Global Capitalism," his dialogue with Clive Crook of The Economist in Slate, February 24-March 24, 1997) and by the economist Robert Heilbroner (Visions of the Future: The Distant Past, Yesterday, Today, Tomorrow, New York: Oxford University Press 1995) Global glut views are common among European trade union officials and left-of-center politicians (even Philippe Séguin, Juppé's successor as head of the Gaullist Rally for the Republic, advocates banning self-service gas pumps as a pro-employment measure) and prevail in bestsellers such as the writer Viviane Forrester's L'Horreure Economique, Paris: Fayard, 1996.
3. The most visible proponents of the global glut doctrine have been Jeremy Rifkin (The End of Work: The Decline of the Global Labor Force and the Dawn of the Post-Market Era New York: G. P. Putnam, 1995) and the journalist William Greider (One World, Ready or Not: The Manic Logic of Global Capitalism, New York: Simon and Schuster, 1997) Similar views have been expressed by The New Republic's John Judis (see, for example "Global Capitalism," his dialogue with Clive Crook of The Economist in Slate, February 24-March 24, 1997) and by the economist Robert Heilbroner (Visions of the Future: The Distant Past, Yesterday, Today, Tomorrow, New York: Oxford University Press 1995) Global glut views are common among European trade union officials and left-of-center politicians (even Philippe Séguin, Juppé's successor as head of the Gaullist Rally for the Republic, advocates banning self-service gas pumps as a pro-employment measure) and prevail in bestsellers such as the writer Viviane Forrester's L'Horreure Economique, Paris: Fayard, 1996.
4. The most visible proponents of the global glut doctrine have been Jeremy Rifkin (The End of Work: The Decline of the Global Labor Force and the Dawn of the Post-Market Era New York: G. P. Putnam, 1995) and the journalist William Greider (One World, Ready or Not: The Manic Logic of Global Capitalism, New York: Simon and Schuster, 1997) Similar views have been expressed by The New Republic's John Judis (see, for example "Global Capitalism," his dialogue with Clive Crook of The Economist in Slate, February 24-March 24, 1997) and by the economist Robert Heilbroner (Visions of the Future: The Distant Past, Yesterday, Today, Tomorrow, New York: Oxford University Press 1995) Global glut views are common among European trade union officials and left-of-center politicians (even Philippe Séguin, Juppé's successor as head of the Gaullist Rally for the Republic, advocates banning self-service gas pumps as a pro-employment measure) and prevail in bestsellers such as the writer Viviane Forrester's L'Horreure Economique, Paris: Fayard, 1996.
5. The most visible proponents of the global glut doctrine have been Jeremy Rifkin (The End of Work: The Decline of the Global Labor Force and the Dawn of the Post-Market Era New York: G. P. Putnam, 1995) and the journalist William Greider (One World, Ready or Not: The Manic Logic of Global Capitalism, New York: Simon and Schuster, 1997) Similar views have been expressed by The New Republic's John Judis (see, for example "Global Capitalism," his dialogue with Clive Crook of The Economist in Slate, February 24-March 24, 1997) and by the economist Robert Heilbroner (Visions of the Future: The Distant Past, Yesterday, Today, Tomorrow, New York: Oxford University Press 1995) Global glut views are common among European trade union officials and left-of-center politicians (even Philippe Séguin, Juppé's successor as head of the Gaullist Rally for the Republic, advocates banning self-service gas pumps as a pro-employment measure) and prevail in bestsellers such as the writer Viviane Forrester's L'Horreure Economique, Paris: Fayard, 1996.
6. The most visible proponents of the global glut doctrine have been Jeremy Rifkin (The End of Work: The Decline of the Global Labor Force and the Dawn of the Post-Market Era New York: G. P. Putnam, 1995) and the journalist William Greider (One World, Ready or Not: The Manic Logic of Global Capitalism, New York: Simon and Schuster, 1997) Similar views have been expressed by The New Republic's John Judis (see, for example "Global Capitalism," his dialogue with Clive Crook of The Economist in Slate, February 24-March 24, 1997) and by the economist Robert Heilbroner (Visions of the Future: The Distant Past, Yesterday, Today, Tomorrow, New York: Oxford University Press 1995) Global glut views are common among European trade union officials and left-of-center politicians (even Philippe Séguin, Juppé's successor as head of the Gaullist Rally for the Republic, advocates banning self-service gas pumps as a pro-employment measure) and prevail in bestsellers such as the writer Viviane Forrester's L'Horreure Economique, Paris: Fayard, 1996.
7. In "The Dismal Scientist" in the January 23 issue of Slate, I tried to make this point by imagining an economy that produced only two goods, hot dogs and buns, and in which consumers insisted that each hot dog come with a bun and vice versa. In such an economy, productivity growth in either sector would indeed reduce employment in that sector, but not in the economy as a whole, and productivity growth across the board would have no effect on the number of jobs.