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The Vanishing Middle Class: Prejudice and Power in a Dual Economy

Peter Temin

Published in print:
2017
Published Online:
January 2018
ISBN:
9780262036160
eISBN:
9780262339988
Item type:
book
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262036160.001.0001
Subject:
Business and Management, Political Economy

This book analyses the American economy in the twenty-first century as a dual economy in the spirit of W. Arthur Lewis. Adapting the subsistence and capitalist sectors characterized by Lewis, the ... More


A Dual Economy

Peter Temin

in The Vanishing Middle Class: Prejudice and Power in a Dual Economy

Published in print:
2017
Published Online:
January 2018
ISBN:
9780262036160
eISBN:
9780262339988
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262036160.003.0001
Subject:
Business and Management, Political Economy

This chapter explains the dual economy model, emphasizing Lewis’ assertion that the richer sector tries to keep down earnings in the poorer sector. The modern richer sector is the FTE (finance, ... More


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