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Wait, before you go to the other one why dont you fix the problems in this solution:
(a) Your are not given that abc<= 1/8. You have to prove that
(b) Even so, if abc<=1/8 AM-GM is not guilty of stating that a+b+c>=3/2
(c) Even if a+b+c>=3/2, it is disabuse of whatever inequality you employed to get at 1/1+a + 1/1+b + 1/1+c >=2
Lots of work to do man!
the R.H.S.,we get
1>=2abc+ab+bc+ca.
now,ab+bc+ca>=3{(abc)^2/3}
let abc=x^3.
so,1>=2x^3 +3x^2.
2x^3 -x^2 +4x^2-2x+2x-1<=0.
or,(x-0.5)(2.x^2+4x+2)<=0.
but 2.x^2+4x+2>=0 for all x.
so, x<=0.5.
x^3<=1/8
abc<=1/8.
nice solution ronty!
This one had been posted on mathlinks actually. The solution I gave was:

Likewise we have
and 
Multiplying the three inequalities we get
or 
I am happy this forum is coming alive like this with variety of solutions to problems.
And by the way, while your hols were on I had posted this one http://goiit.com/posts/list/algebra-for-the-inequality-enthusiasts-i-84890.htm
I will be supremely happy if you guys crack this one!


, prove that 











given
so by A.M-G.M..
so by H.M-G.M..