To Myrdal, the most salient and historically unique characteristic of modern America is that the upper two-thirds of the population live in affluence of a kind which can potentially lead to satisfaction of long-held liberal and even Utopian ideals.

Frontmatter -- INTRODUCTION -- CONTENTS -- The Theory of Institutional Adjustment -- The Institutional Basis of a Progressive Approach to Economic Development -- Orthodox Economics and Institutionalized Behavior -- Adjustment of Economic Institutions in Contemporary: America The Trends of...