9780393312829 198

Silent Depression

Twenty-Five Years of Wage Squeeze and Middle Class Decline


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Longtime observer of the American economy Wallace C. Peterson here offers a wake-up call.

The year 1973 marked a turning point, as Peterson makes clear in this carefully documented book. When several key economic indicators changed course, the "silent depression set in, resulting in problems for the shrinking middle class, the poor, and the American family." Peterson calls for strong medicine and closes with proposals for health care, education, and the tax system that will help speed the economy's recovery.


“This highly relevant, truly important book reveals the stagnation of American economic life.” — John Kenneth Galbraith

“Wallace Peterson has written a book that could turn this country around.” — Robert Heilbroner

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    Income, Employment, and Economic Growth

    Wallace C. Peterson, Paul S. Estenson

    Eighth Edition, Hardcover, 1996

    "An excellent text which any student of economics can read without losing touch with economic phenomena." —Winston Griffin, Bucknell University