[PEN-L:6716] Re: Competitiveness

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

I described the late 19th century situation in my End of Economics book.
Doug Henwood wrote:

> Though I think there are a lot of similarities between the present and the
> late 19th century, one difference is that increased competitive and
> deflationary pressures have not yet shown up in depressed profitability. I

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 916-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx