Washington Post book critic Jonathan Yardley praised Lebergott's lucidity, wit and forthrightness. Lebergott argues that the great American shopping spree is not mere self-indulgence but an essential part of what has been a remarkably successful pursuit of happiness.
Comment: Happiness is NOT material consumption over desire only,intellectual pursuit,spiritual satisfaction and good health must be added for the ultimate goal in life as I sent my previous blogs. Moreover,such culture may be abused with the credit system as we are witnessing the negative impact of consumer's debt of the American economy.
However, his book entitled "Manpower in Economic Growth" stressing the labor force as the center of economics,not the bloodless agents of economic model would be legacy to students of economics. Output is the function of Delta Labor Force Development via training and retraining. "Keys for Economic Understanding" is dedicated to the same rationale. Cf. book category of www.Amazon.com for reference.
Francis Shieh a.k.a. Xie Shihao comparing notes with another economist who fails to be a centenarian but to rest at age 93 is short of 7 years as a seasoned and a mature economist.
August 2, 2009 at 3.12 p.m. at Bowie Library.
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