2010.54.19891

• electoral arena

Poster has purple ink printed on cream colored paper. At the top is "three propositions rest at the bottom of the / accepted wisdom about the U.S. economy." The three props are: 1) the marketplace is or could be an evenhanded regulator of economic affairs. 2) profit-making is a rational guide for investment and production. 3) economists have a bag of tricks that can be used to produce a stable full-employment economy. The poster argues that all of these propositions are fallcies and proposes a different social system. The text is an excerpt from an article written by Harry Magdoff for the December 30, 1979 edition of the New York Times.