Summary Winter 1999–2000

A special feature by Distinguished Scholar Wynne Godley focuses on the relationship between inventory investment and the American business cycle. Also in this issue: a new working paper by Federal Reserve Board Governor Laurence Meyer provides a central banker’s perspective on the Asian crisis.

Contents: Conference on Inequality in the Industrialized and Developing Countries · Special Feature on Inventories and the US Business Cycle · History of Wage Inequality in America · Finance in a Classical and Harrodian Cyclical Growth Model · Financing Long-Term Care · Rhetorical Evolution of the Minimum Wage · Seven Unsustainable Processes · Computers and the Wage Structure