Description:

Written by author Richard B. McKenzie, this important book discusses a central economic trend of the last 30 years, the move from heavy industry to services and digital enterprises. This trend is gigantic but is it disastrous for the American economy? McKenzie takes on the topic and compares the shift in the United States to a similar trend a century ago from agriculture to industry. He deals with all the related issues of job displacement, real estate prices, international trade, and other factors. This book fills an important gap in the literature.