News
Summers Will Not Finish Semester of Teaching as Harvard Investigates Epstein Ties
News
Harvard College Students Report Favoring Divestment from Israel in HUA Survey
News
‘He Should Resign’: Harvard Undergrads Take Hard Line Against Summers Over Epstein Scandal
News
Harvard To Launch New Investigation Into Epstein’s Ties to Summers, Other University Affiliates
News
Harvard Students To Vote on Divestment From Israel in Inaugural HUA Election Survey
WHEN America's present posperity, and with it all its creations disappear? The question has often been asked, and as often found a new answer. Usually it is the economist who writes, but in this case a son of American prosperity, a Wall street banker, provides an answer which, perhaps because of its very non-scholarly writing, will attract the business man.
To explain this country's wealth, Mr. Mazur adduces the well-known causes--natural resources, large-scale production, efficient marketing and distribution.
Three dangers he sees, turning from the past to look into the future. First, he finds that the cost of high pressure distribution is beginning to offset the saving of mass productions. In the second place, mass production is threatened by hand-to-mouth buying, fostered by the need for rapid distribution and the consequently developed habit of rapid "style-change". And in the third place, Mr. Mazur sees danger to our prosperity from a change in the European trade balance.
But in none of these cases is the danger without its remedy. To each of the problems, Mr. Mazur has his answer, simple, based on common sense, without a flaw in the logic that any business man could detect: but perhaps because if its very clarity not entirely to be trusted by the scholars in economics.
Want to keep up with breaking news? Subscribe to our email newsletter.