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DIFFERENCES BETWEEN 18-TO 22-YEAR-OLD SERVICEMEN AND MALES OF THE SAME COHORT WHO HAVE NEVER SERVED ARE EXAMINED IN THIS STUDY WITH RESPECT TO THREE DIMENSIONS OF MANPOWER QUALITY: EDUCATIONAL LEVELS, ASPIRATIONS, AND EXPECTATIONS. BLACKS, WHITES, AND HISPANICS ARE CONSIDERED SEPARATELY. BLACKS AND WHITES ARE ALSO DISAGGREGATED BY BRANCH OF SERVICE IN SOME ANALYSES. TWO PURPOSES ARE SERVED. FIRST, INFORMATION ON THESE THREE DIMENSIONS PROVIDES INSIGHT INTO THE QUALITY OF THOSE WHO SERVE IN COMPARISON WITH THOSE WHO DO NOT. EDUCATIONAL LEVEL IS THE MOST OFTEN CITED QUALITY MEASURE IN THE DEBATE OVER THE EFFICACY OF THE ALL-VOLUNTEER FORCE. SECOND, EDUCATIONAL ASPIRATIONS AND EXPECTATIONS ARE ALSO A MEASURE OF QUALITY BUT, IN ADDITION, ARE VALUABLE IN ASSESSING THE UTILITY OF POSTSERVICE EDUCATIONAL PROGRAMS AS A RECRUITING ATTRACTION. THE DATA, FROM A NATIONWIDE STRATIFIED SAMPLE-THE NATIONAL LONGITUDINAL SURVEY, UOUTH COHORT, 1979-WERE COLLECTED IN PERSONAL INTERVIEWS. THERE ARE 2,179 ITEMS OF INFORMATION FOR EACH OF 6,398 MEN, AGES 14 TO 22, AS OF EARLY 1979. IN ORDER TO ACHIEVE STATISTICALLY USEFUL SAMPLE SIZES FOR SELECTED SUBGROUPS, SERVICEMEN,1 BLACKS, HISPANICS, AND ECONOMICALLY DISADVANTAGED WHITES WERE OVERSAMPLED. WEIGHTS ARE AVAILABLE TO CORRECT FOR OVERSAMPLING.

Cover -- narrative economics -- Title -- Copyright -- Contents -- List of Figures -- Preface to the 2020 Paperback Edition -- Preface: What Is Narrative Economics? -- Acknowledgments -- Part I The Beginnings of Narrative Economics -- 1 The Bitcoin Narratives -- 2 An Adventure in Consilience -- 3 Contagion, Constellations, and Confluence -- 4 Why Do Some Narratives Go Viral? -- 5 The Laffer Curve and Rubik's Cube Go Viral -- 6 Diverse Evidence on the Virality of Economic Narratives -- Part II The Foundations of Narrative Economics -- 7 Causality and Constellations -- 8 Seven Propositions of Narrative Economics -- Part III Perennial Economic Narratives -- 9 Recurrence and Mutation -- 10 Panic versus Confidence -- 11 Frugality versus Conspicuous Consumption -- 12 The Gold Standard versus Bimetallism -- 13 Labor-Saving Machines Replace Many Jobs -- 14 Automation and Artificial Intelligence Replace Almost All Jobs -- 15 Real Estate Booms and Busts -- 16 Stock Market Bubbles -- 17 Boycotts, Profiteers, and Evil Business -- 18 The Wage-Price Spiral and Evil Labor Unions -- Part IV Advancing Narrative Economics -- 19 Future Narratives, Future Research -- Appendix: Applying Epidemic Models to Economic Narratives -- Notes -- References -- Index.

"Westerners tend to divide the political world into 'good' democracies and 'bad' authoritarian regimes. But the Chinese political model does not fit neatly in either category. Over the past three decades, China has evolved into a political system that can best be described as 'political meritocracy.' [This work] seeks to understand the ideals and the reality of this unique political system"--