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Essay / Research Paper Abstract
This 6 page paper uses this politically oriented book on economics as a springboard for discussion. Osterman's ideas are critiqued. No additional sources cited.
Page Count:
6 pages (~225 words per page)
File: RT13_SA317Ost.rtf
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Unformatted sample text from the term paper:
upwardly mobile twenty-somethings are also dismayed. This is not their fathers job market. When the Yuppies and DINKs would buy yachts, expensive clothing and have dinner out almost every night,
the new up and comers are rather conservative in their spending. The eighties was epitomized by films like Wall Street when Michael Douglas proclaimed that greed is good. Today, there
is greed, but there is not the money that was prevalent in the 1980s long before the loud crash would be heard at the tail end of that decade of
consumption. A market crash in 1987 and the mini recession of the early 1990s was not enough to hold back the hungry boomers. Things were also good in the
1990s as the market was propelled by the e-economy. Of course, in the 2000s, the economy is dismal once again, but this time it does not feel like a temporary
dip. The market is down, but not for superficial reasons. No longer a matter of confidence, there is real trouble in the business world and in the economy in general.
Many economists explain the ups and downs of the 2000s as something attributable to one thing or another. Yet, they see the problem as small, or temporary or pertinent
to the decade. They do not recognize it as a more permanent problem that needs to be corrected through drastic measures. However, one can take a step back and look
at centuries of economics and find a totally different view. Osterman (2000) has a different take than most on the economy. Instead of seeing it as an ever-increasing way to
prosperity--with minor setbacks-- he sees the current economy as something that was proliferated by a postwar boom that has since fizzled. In other words, one cannot look at the
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