Published by: University of Oklahoma Press
Imprint: University of Oklahoma Press
128 Pages | 5 x 8
Faulkner argues for scaling down the elements of cost that go into the prices of things Americans consume. Where does the idea come from, he asks, that everybody can have more when there is less to go around? He shows that Americans’ value for efficiency must be made to operate where it really counts—in the actual selling prices of goods and services. If this can’t be done, he says, we as a country must give up the thought of success in foreign trade, because our world neighbors will be unable to buy from us at our inflated scale of values.
The first cut, Faulkner urges, should be made in the price of food, an element that determines part of the price of everything else we make and sell. But reductions all along the line must be accomplished if America is to avoid surpluses, depressions at home, and sterile markets abroad.