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Wells examines the development of economic policy, economic structure, and ideas about both, explaining the complex interaction of these factors over the past half-century. Capitalism private, profit-seeking enterprises provided a stable framework, says Wells (history, Auburn U.), within which the US economy changed radically over the last half of the 20th century. He describes the changes decade by decade. Wells examines the development of economic...
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"Drawing on their experience as government insiders, George P. Shultz and Kenneth W. Dam explain how economic policy is shaped at the highest levels of government. They reveal the connections between economic, social, and international policy. A new chapter, "A Changed World," explores how our increasingly global economy influences economic strategy. With candor, authority, and breadth of vision, Shultz and Dam have produced a brilliant introduction...
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This clearly-written book provides an historical analysis of postwar economic development in the US, helping the reader to understand the nation's current economic position. Samuel Rosenberg investigates three postwar phases: the creation of an institutional framework setting the stage for prosperity in the US after World War II, the forces undermining this institutional framework and the resulting stagflation of the 1970s, and the recreation of a...
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In Surrender, Michael Meeropol takes a close look at what actually happened to the American economy during the years of the "Reagan Revolution," revealing with compelling evidence the policies that were truly responsible for the failure to generate rapid growth and other economic improvements.
Meeropol gives a detailed account of the inability of the U.S. economy between 1990 and 1994 to improve productivity or raise incomes for most of the population....
Description
The essays in The United States in the 1980s, written by a group of renowned and widely respected specialists, are a major contribution to a balanced discussion of the choices that lie ahead. The authors analyze the central issues, describe the policy options open to the country, and recommend specific courses of action to deal with or mitigate the problems confronting the United States--in recognition of the fact that the major problems of the new...
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Though Richard Nixon came to office preoccupied with foreign policy, he soon had to grapple with an economy that threatened him with political defeat. Following the advice of Milton Friedman, the president placed his initial hopes for good times in the economics of caution. But when the economy dipped into recession and cost the Republicans victory in the congressional election of 1970, Nixon turned for rescue not to his economists but to a politician,...
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Contrary to what generations of school children have been taught, Americans have used government to control and interfere with economic life ever since the first pilgrims landed on Plymouth Rock. These unplanned patchwork controls, which today reach into every facet of our lives, may not be as efficient as either economic planning or free market capitalism would be, but they exist and are an integral part of our legal system and social structure....
Description
The American economy has provided a level of well-being that has consistently ranked at or near the top of the international ladder. A key source of this success has been widespread participation in political and economic processes. In The Government and the American Economy, leading economic historians chronicle the significance of America's open-access society and the roles played by government in its unrivaled success story. America's democratic...
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