The Age of Equality: The Twentieth Century in Economic Perspective [NOOK Book]

Overview

Alongside unprecedented improvements in longevity and material well-being, the twentieth century saw the rise of fascism and communism and a second world war followed by a cold war. Governments with market economies won the battle against these competing systems by combining growth and efficiency with greater equality of opportunity and outcome.
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The Age of Equality: The Twentieth Century in Economic Perspective

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Overview

Alongside unprecedented improvements in longevity and material well-being, the twentieth century saw the rise of fascism and communism and a second world war followed by a cold war. Governments with market economies won the battle against these competing systems by combining growth and efficiency with greater equality of opportunity and outcome.
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Editorial Reviews

Douglas A. Irwin
This book is a great achievement. The twentieth century was filled with different economic experiments and enormous economic and social changes. Pomfret covers the main developments in Western Europe and the United States, with separate chapters on the Soviet economic model, the collapse of central planning, and the developing countries. The book is complete but also succinct, well-informed, and interesting.
Harold James
The linking of history and sound economics in telling the story of the last two centuries (the author goes substantially beyond the twentieth-century emphasis of the title) is a terrific idea, and the application of different growth models in explaining twentieth-century growth in various institutional and political contexts is wonderful. The emphasis on equality and inequality is also very welcome and feeds into current and important contemporary concerns: does high inequality, especially in the U.S. and the U.K. jeopardize continued growth?
Foreign Affairs - Richard N. Cooper
[An] engaging history of the twentieth century.
Library Journal
This in-depth history examines economic growth over two centuries from a global perspective, outlining relationships between economic perspectives, governmental policymaking, monetary systems, marketplaces, wars, and cyclic events, such as inflations and recessions. The 19th century is referred to as the "age of liberty," because both countries and individuals had great freedom to pursue profit. Pomfret (economics, Univ. of Adelaide, Australia; Regionalism in East Asia) argues that it was also marked by great inequalities between rich and poor on the national and personal levels. The 20th century, the author explains, was characterized by the rise and collapse of central government planning and a trend toward a more balanced distribution of income between rich and poor countries and people. Especially interesting is Pomfret's discussion of the history of the gold standard and its relationship to economic growth and equality, which is relevant in light of the current economic climate. The book is complemented by a glossary and an extensive notes and references section. VERDICT Because of its academic approach, this work is suitable for scholarly research and for readers with a background and interest in economic history. Recommended.—Caroline Geck, M.L.S., Newark, NJ
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Product Details

  • ISBN-13: 9780674063303
  • Publisher: Harvard University Press
  • Publication date: 11/29/2011
  • Sold by: Barnes & Noble
  • Format: eBook
  • Pages: 296
  • File size: 902 KB

Meet the Author

Richard Pomfret is Professor of Economics at the University of Adelaide.
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