An Extraordinary Time: The End of the Postwar Boom and the Return of the Ordinary Economy
| Author | : | |
| Rating | : | 4.63 (556 Votes) |
| Asin | : | B01N0ARFSD |
| Format Type | : | |
| Number of Pages | : | 408 Pages |
| Publish Date | : | 2015-03-20 |
| Language | : | English |
DESCRIPTION:
drawing invidious comparisons with that which we enjoyed back in the post war years I have long objected to those who bemoan our anemic our economic growth today, drawing invidious comparisons with that which we enjoyed back in the post war years. Of course we grew back then, with our soldiers returning, planning to marry, buy a house, furnishings, and a car, settle down, and raise a family--all objectives mandating a vastly increased GDP. Meanwhile the rest of the world lay in smoking ruins. How could we not. A superb, readable examination of economic transformation in the 20th century Levinson has written some excellent histories, usually in the format of using one particular major change (the rise of containerized shipping in "The Box", the A&P store chain in "The Great A&P") as a way of discussing how it changed the economic landscape of the country - and in the process, providing an excellent economic history for lay readers on particular periods of time. "An Extraordinary Time" takes a broader approach . Marc Levinson Explains What Happened to the American Dream If you are wondering what happened to the American Dream, a time in which most Americans could feel confident that their and their children's standard of living would inevitably rise, Marc Levinson's book is for you. In it he explains how a unique confluence of events for 25 years after World War II contributed to rapid productivity growth, and as a result growing wealth for millions and millions around the world. Then startin
In An Extraordinary Time, acclaimed economic historian Marc Levinson recounts the global collapse of the postwar economy in the 1970s. A sweeping reappraisal of the last sixty years of world history, An Extraordinary Time describes how the postwar economic boom dissipated, undermining faith in government, destabilizing the global financial system, and forcing us to come to terms with how tumultuous our economy really is.. When the economy failed to revive, suspicion of government and liberal institutions rose sharply, laying the groundwork for the political and economic polarization that we're still grappling with today. While economists struggle to return us to the high economic growth rates of the past, Levinson counterintuitively argues that the boom years of the 1950s and 1960s were an anomaly; slow economic growth is the norm - no matter what economists and politicians may say. Yet these atypical years left the public with unreasonable expectations of what government can achieve