rce Government Printing
Office,
Money
and
The Pursuit of Plenty
in America
As the United States recovers from its worst recession since the 1930s, economists and other scholars continue to seek new data on the changing patterns of family earning, spend- ing, and "status" in America. Scholars have reached general agreement on at least one point: In 25 years, for all its defects, the growing U.S. "consumer economy" has brought most American adults (and even most American p...
During the depths of the Great Depression of the 1930s, Harvard sociologist Carle Zimmerman took a close look at the "American standard of living" and made some startling pre- dictions for the future. In regard to the increased urbaniza- tion, commercialization, and social mobility of that time, Zimmerman wrote: If a standard of living consists of values to be found entirely in the oods which the individual consumes, we shall proba %ly continue our present sensational t pe of life as l...
MONEY Future scholars, using computers to sort the masses of data now being gathered, may, for the first time, be able to write the full story of the fac- tors that determine success or failure in the pursuit of material well-being in America. Such a synthesis would be an invaluable addition to existing ac-counts, some of which are described below, of how Americans earn and spend and change their economic status. Most professional journals and text-books on economics give more attention to growth,...
Reviews of new research public agencies and private institutions 'The State of Academic Science" Based on a Study by the National Science Foundation, Change Magazine Press, NBW Tower, New Rochelle, N.Y. 10801. 250 pp. $5.95. Authors: Bruce L. R. Smith and Joseph J. Karlesky. Academic science retains the declining in several fields (physics, strength and vitality that have made chemistry, mathematics), and some such exceptional contributions to departments-as well as individual America's overall...