While the fact of this consumer revolution is hardly in doubt, three key questions remain: who were the consumers? What were their motives? And what were the effect of the new demand for luxuries?
Although it has been possible to infer from the goods and services actually produced what manufacturers and servicing trades thought their customers wanted, only a study of relevant personal documents written by actual consumers will provide a precise picture of who wanted what.
With respect to their reasons for immigrating, Grassy does not deny their frequently noted fact that some of the immigrants of the 1630’s, most notably the organizers and clergy, advanced religious explanations for departure, but he finds that such explanations usually assumed primacy only in retrospect.
If we take the age-and sex-specific unemployment rates that existed in 1956 (when the overall unemployment rate was 4.1 percent) and weight them by the age- and sex-specific shares of the labor force that prevail currently, the overall unemployment rate becomes 5 percent.
He was puzzled that I did not want what was obviously a “ step up” toward what all Americans are taught to want when they grow up: money and power.
Unless productivity growth is unexpectedly large, however, the expansion of real output must eventually begin to slow down to the economy’s larger run growth potential if generalized demand pressures on prices are to be avoided.
However, when investment flows primarily in one direction, as it generally does from industrial to developing countries, the seemingly reciprocal source-based restrictions produce revenue sacrifices primarily by the state receiving most of the foreign investment and producing most of the income—namely ,the developing country partner.
The pursuit of private interests with as little interference as possible from government was seen as the road to human happiness and progress rather than the public obligation and involvement in the collective community that emphasized by the Greeks.
The defense lawyer relied on long-standing principles governing the conduct of prosecuting attorneys: as quasi-judicial officers of the court they are under a duty not to prejudice a party’s case through overzealous prosecution or to detract from the impartiality of courtroom atmosphere.
Even the doctoral degree, long recognized as a required “ union card” in the academic world, has come under severe criticism as the pursuit of learning for its own sake and the accumulation of knowledge without immediate application to a professor’s classroom duties
While a selection of necessary details is involved in both, the officer must remain neutral and clearly try to present a picture of the facts, while the artist usually begins with a preconceived message or attitude which is then transmitted through the use of carefully selected details of action described in words intended to provoke associations and emotional reactions in the reader.
Articles in the popular press even criticize the Gross National Production (GNP) because it is not such a complete index of welfare, ignoring, on the one hand, that it was never intended to be, and suggesting, on the other, that with appropriate changes it could be converted into one.
Other experiments revealed slight variations in the size, number, arrangement, and interconnection of the nerve cells, but as far as psychoneuaral correlations were concerned, the obvious similarities of these sensory fields to each other seemed much more remarkable than any of the minute differences.
The Chinese have distributed publications to farmers and other rural residents instructing them in what to watch for their animals so that every household can join in helping to predict earthquakes.
Supporters of the Star Wars defense system hope that this would not only protect a nation against an actual nuclear attack, but would be enough of a threat to keep a nuclear war from ever happening.
