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Rewarding Work: How to Restore Participation and Self-Support to Free Enterprise
     

Rewarding Work: How to Restore Participation and Self-Support to Free Enterprise

by Edmund S. Phelps
 

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For two hundred years, the economic engine of capitalism helped make the United States a nation where almost anyone willing to take initiative, work hard, and save money could lead a comfortable life, raise a family, and assume an active role in the community. Since the 1970s, however, a gulf has opened between the wages of low-paid workers and those of the middle

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