The Real World of the New Economy
Steven A. WallerISBN: 0-595-20440-6;
Steven Waller's new book provides readers with economic information outside the conventional school of thought. The so-called New Economy is redundant except in static traditional economic thinking. Many of the ideas are not new but are unknown. Our culture and society plays a major role in directing the future path of business and economics as well as our understanding of economics. There is also a great deal of information about the Internet and technological advancement in the context of economics. Society also plays a major role of inhibiting growth in these areas. The recent terrorist attacks are just one example of this future economic path included in the book. "Supply creates its own demand" is no longer a valid statement. Supplying goods to the market no longer orients the economy or determines prices. The economy is highly dependent on the demand for goods and services. Alan Greenspan's benchmark interest rate declarations are thought to spark or inhibit the economy in the...
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