BUSINESS/ECONOMICS

Two MacArthur Prize Fellows argue that to get out of its current economic crisis industry should abandon its attachment to standardized mass production for a system of flexible specialization.

Two MacArthur Prize Fellows argue that to get out of its current economic crisis industry should abandon its attachment to standardized mass production for a system of flexible specialization.

Rutledge and Allen (chairman and president respectively, Claremont Economics Institute) attribute the competitive failings of American business to misinvestment--spending on corporate towers, shopping centers, etc., rather than on the machinery and retooling that provide economic strength. They offer a plan for reindustrialization along with practical advice for managers and investors. Neither bold nor new, it's all been said before--and the avaricious didn't listen. Annotation copyrighted by Book News, Inc., Portland, OR

The importance of science and technology and future of education and research are just some of the subjects discussed here.