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The Economic Consequences of U.S. Mobilization for the Second World War

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A reminder that war is not always, or even generally, good for long-term growth

Many believe that despite its destructive character, war ultimately boosts long-term economic growth. For the United States this view is often supported by appeal to the experience of the Second World War, understood as a triumph of both production and productivity. Alexander Field shows that between 1941 and 1945 manufacturing productivity actually declined, depressed by changes in the output mix and resource ...