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The articles in this volume address the fact and use of economic power in the American economy. The institutional economists' perspective exhibited here reflects a century-long focus on and concern with economic power begun by Thorstein Veblen. This volume presents a new generation of institutionalist scholars who add to that tradition a fresh and penetrating analysis of contemporary power centers and assessments of their use of power.

The basic ecology of human groups--the relationship between the distribution of population and material resources and the resultant social and cultural patterns--is a subject which has occasioned far more talk than down-to-earth research. Filling this gap, George Sternlieb and Bernard Indik consider one dimension of human ecology-- the interplay between housing and outlook, between the physical realities of a dwelling unit and the attitudes and responses of its inhabitants. Their book, The Ecology of Welfare, presents a detailed description of the housing and housing problems of...

In November 1976, the state of New Jersey embarked upon a bold experiment when the voters approved a referendum to authorize casino gambling in Atlantic City. Expectations were high: the gaming industry could rejuvenate a dying city core, employment would swell, the tax base would broaden and welfare rolls diminish, tourism might spread through the state, and the cruel spectacle of a poverty-stricken community would be eliminated.

The Atlantic City Gamble reports the results of this experiment and evaluates casinos as a tool for economic revitalization, a painless source of...