American Economic Development since 1945: Growth, Decline and Rejuvenation (The Contemporary United States)

This clearly-written book provides an historical analysis of postwar economic development in the United States, 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 U.S. after World War II; the forces undermining this institutional framework and the resulting stagflation of the 1970s; and the recreation of a new institutional structure in the 1980s. Basic economic concepts are introduced and explained throughout and specific attention is paid to macroeconomic policy, industrial relations, the role of the U.S. in the world economy, social and labour policy, the structure of the labour force, and the distribution of income by race and gender. Front Matter....Pages i-xii Front Matter....Pages 1-1 Introduction....Pages 3-18 Economic Mobilization for Survival, 1940–45....Pages 19-39 Front Matter....Pages 41-41 Macroeconomic Policy, Economic Instability and Economic Growth....Pages 43-63 Business—Labor Relations: Conflict Amidst Stability....Pages 64-82 From Dollar Shortage to Dollar Glut....Pages 83-99 Front Matter....Pages 101-101 From Guideposts to Controls: The Rise and Fall of Keynesian Demand Management Policy....Pages 103-123 Standoff at the Workplace....Pages 124-140 The Persistence of Inequality and the Limits of Liberal Policy....Pages 141-160 The Dollar: No Longer As Good As Gold....Pages 161-179 Front Matter....Pages 181-181 Stagflation, 1971–80....Pages 183-207 The Economic and Political Stalemate, 1971–80....Pages 208-233 Restructuring the Economy: The Market-Based Conservative Strategy, 1981–92....Pages 234-278 Toward the Twenty-first Century: A Reinvigorated Economy, 1993–2000....Pages 279-312 Back Matter....Pages 313-339 Annotation 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 new institutional structure in the 1980s. Basic economic concepts are introduced and explained throughout and specific attention is paid to macroeconomic policy, industrial relations, the role of the US in the world economy, social and labor policy, the structure of the labor force, and the distribution of income by race and gender.
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 new institutional structure in the 1980s. Basic economic concepts are introduced and explained throughout and specific attention is paid to macroeconomic policy, industrial relations, the role of the US in the world economy, social and labor policy, the structure of the labor force, and the distribution of income by race and gender.

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 new institutional structure in the 1980s. Basic economic concepts are introduced and explained throughout and specific attention is paid to macroeconomic policy, industrial relations, the role of the US in the world economy, social and labor policy, the structure of the labor force, and the distribution of income by race and gender.

The US economy was prosperous for much of the 1920s.