Some Social and Economic Perspectives in the United States

By Nathan Reich

Jewish Communal Service Association of North America (JCSA), National Conference of Jewish Social Welfare, September 1950

The author examines social and economic trends in the United States, focusing on three components: productive capacity, economic policy, and socio-economic organization. Productivity is rising quickly and steadily, the author reports, with wages rising faster than prices. American economic policy, the author notes, has staked a middle ground between Adam Smith and Karl Marx landing (in a non-doctrinaire way) somewhere near John Maynard Keynes. This philosophy manifests itself in a firm commitment to private enterprise, but also in a willingness to pursue specific socioeconomic aims with government regulations, such as minimum wage laws, and maintaining firm control over the money-supply. Structurally, the author explains, the US has become less individualistic and more collectivist or group-centered, both due to enormous growth in the corporate sector and to the vast expansion of unions and collective labor relations.

Topic: Socioeconomic Status, Culture, Policy, Democracy, Workplace, Economy, Employment, Economic Development, Government, Jobs

Name of Publication: The Jewish Social Service Quarterly

Editor: Aptekar, Herbert H.

Volume/Issue: Vol. 27/no.1

Page Number(s): 1-10

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Genre: Article

Coverage: United States

Language: English

Copyright Holder: Publisher

Copyright Information: Download for personal use, freely distribute link

Bibliographic Information:
Reich, Nathan. Some Social and Economic Perspectives in the United States. The Jewish Social Service Quarterly. Jewish Communal Service Association of North America (JCSA),National Conference of Jewish Social Welfare. September 1950: 1-10. http://www.bjpa.org/Publications/details.cfm?PublicationID=5815


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