There are two striking aspects of the recovery from the Great Depression in the United States: the recovery was very weak, and real wages in several sectors rose significantly above trend. These data contrast sharply with neoclassical theory, which predicts a strong recovery with low real wages....

Cover -- Contents -- Preface -- PART I: INTRODUCTORY -- 1 Political Economy: Contrasts, Commonalities, Criteria and Contributions -- The perspectives: contrasts and commonalities -- Criteria for evalution -- The contributions -- PART II: CONTRASTS: LIBERAL v. MARXIST PERSPECTIVES -- 2 The...