American Economic Development since 1945: Growth, Decline and Rejuvenation / Edition 1

by S. Rosenberg

Overview

This ambitious, clearly-written study provides an historical analysis of the economic development of the United States since 1945, helping the reader to understand the nation's current economic position. In his approachable, chronologically-based narrative, Samuel Rosenberg examines three postwar phases: the creation of an institutional framework which set the stage for prosperity in the United States after the Second World War. the forces which undermined this framework at the end of the 1960s and the resulting stagflation of the 1970s. the recreation of a new institutional structure in the 1980s, based on free market conservatism and the restoration of American international hegemony, which paved the way for the economic expansion of the following decade. Rosenberg addresses key issues such as macroeconomic trends and policies, the development of business-labor relations, the evolution of social and labor policies, and the changing role of America in the world economy. Basic economic concepts are also introduced and explained throughout, making this essential reading for all those with an interest in the postwar economic history of the United States.

Product Details

ISBN-13:	2900333345343
Publisher:	Bloombury Academic
Publication date:	02/22/2003
Series:	The Contemporary United States
Edition description:	2002
Pages:	339
Product dimensions:	6.00(w) x 1.25(h) x 9.00(d)

About the Author

SAMUEL ROSENBERG is Professor of Economics and Director of the Honors Program at Roosevelt University, Chicago.

Table of Contents

	Preface	ix
	Editors' Preface	xii
Part I	Introduction
	Introduction	3
1	Economic Mobilization for Survival, 1940-45	19
Part II	The Making of an Institutional Framework, 1945-60
2	Macroeconomic Policy, Economic Instability and Economic Growth	43
3	Business-Labor Relations: Conflict Amidst Stability	64
4	From Dollar Shortage to Dollar Glut	83
Part III	Strains Developing within the Institutional Framework, 1960-71
5	From Guideposts to Controls: The Rise and Fall of Keynesian Demand Management Policy	103
6	Standoff at the Workplace	124
7	The Persistence of Inequality and the Limits of Liberal Policy	141
8	The Dollar: No Longer as Good as Gold	161
Part IV	The Unmaking of an Institutional Framework and the Recreation of Another, 1971-2000
9	Stagflation, 1971-80	183
10	The Economic and Political Stalemate, 1971-80	208
11	Restructuring the Economy: The Market-Based Conservative Strategy, 1981-92	234
12	Toward the Twenty-First Century: A Reinvigorated Economy, 1993-2000	279
	Bibliography	313
	Index	327

What People are Saying About This

From the Publisher

This clear, well-organized work belongs in any library. Summing up: Highly recommended.' - M Perelman, Choice

'...an outstanding summary statement of more than fifty-five years of American economic history and policy.' - Michael Meeropol, Challenge

'Interesting, thought-provoking reading.' - Louis P Cain, EH-Net'

Rosenberg has produced a valuable volume for anybody who wants an overview of the postwar US economy. It would be useful as a textbook for college-level courses on US history, for people interested in materials for noncurricular political economy education seminars, as well as for the interested general reader.' - Michael Perelman, Review of Radical Political Economics

'...among the best introductory surveys of modern US economic history.' - Iwan Morgan, The Economic History Review

Editorial Reviews

"...a solid economic history of the US since 1945, but this book is actually much more. Unlike other economic history texts, this well-researched general presentation manages to put people, especially labor, int he forefront."--M. Perelman, California State University, Chico

"...an outstanding summary statement of more than fifty-five years of American economic history and policy and would make an excellent text for history, political science, and economics courses covering the recent era."--Michael Meeropol, chair of Department of Economics, Western New England College

From the Publisher