A Letter From The Publisher, Aug. 27, 1979

"The economic story in the late '70s is a big story, if not the big story," says George Taber, who, as TIME'S Washington-based economics correspondent since 1977, may be somewhat partial to the subject. Even before he began work on this week's big story about the "Topsy-Turvy Economy," Taber was hearing frequent complaints that there was no "new Keynes" to explain or solve inflation, declining productivity and the other persistent problems of the decade. "At the same time," he says, "there has been excited talk about a group of fresh, unorthodox economists who...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!