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Benign Neglect. At home, possession of an overvalued dollar encouraged the illusion of American supremacy. But the U.S. paid a high price for that illusion in loss of markets to its overseas competitors, because American goods became artificially expensive in relation to foreign products. The world paid a high price...

Author: /time Magazine | Title: The Economy: The Quiet Triumph of Devaluation | 12/27/1971 | See Source »

Automakers earn less profit on an ordinary compact than on a sports model, but they have found a way of cushioning the blow of declining sports sales. Ford, for example, now offers a "Grabber" model of its compact Maverick equipped with hood scoops, rallye stripes and a special paint job...

Author: /time Magazine | Title: Business: Putting the Mustang Out to Pasture | 12/13/1971 | See Source »

And what of the inner man? The inner man, says Skinner, the homunculus or spirit is like freedom and dignity, an illusion. It no more exists than angels, devils, and things that go bump in the night, but is simply and device to allow man to adjust his behavior to...

Author: By B.f. Skinner, | Title: Beyond Freedom and Dignity | 12/7/1971 | See Source »

The Federal Trade Commission last week warned that some manufacturers of Christmas cards are cheating buyers by putting fictitiously high price tags on their boxes of cards. The practice allows retailers to strike out the manufacturer's price and write in a phony "lower" price, creating the illusion of...

Author: /time Magazine | Title: The Nation: The Spirit of Christmas | 12/6/1971 | See Source »

Nevertheless, France's leaders are convinced that the current boom is no illusion. As Finance Minister Valery Giscard d'Estaing told TIME Correspondent Charles Eisendrath: "The attitude of the French toward economic facts has become much more practical, much more realistic. The old management has practically faded away...

Author: /time Magazine | Title: Business: France Enters The Enjoyable Epoch | 12/6/1971 | See Source »

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