Structural Evolution Of The Postwar Us Economy

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Structural Evolution of the Postwar U.S. Economy

Author : Yuelin Liu
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Structural Evolution of the Postwar U.S. Economy by : Yuelin Liu

Download or read book Structural Evolution of the Postwar U.S. Economy written by Yuelin Liu and published by . This book was released on 2014 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: We consider a time-varying parameter vector autoregressive model with stochastic volatility and mixture innovations to study the empirical relevance of the Lucas critique for the postwar U.S. economy. The model allows blocks of parameters to change at endogenously-estimated points of time. Contrary to the Lucas critique, there are large changes at certain points of time in the parameters associated with monetary policy that do not correspond to changes in “reduced-form” parameters for inflation or the unemployment rate. However, the structure of the U.S. economy has evolved considerably over the postwar period, with an apparent reduction in the late 1980s in the impact of monetary policy shocks on inflation, though not on the unemployment rate. Related, we find changes in the Phillips Curve tradeoff between inflation and cyclical unemployment (measured as the deviation from the time-varying steady-state unemployment rate implied by the model) in the 1970s and especially since the mid-1990s.

History of the U.S. Economy Since World War II

Author : Harold G. Vatter
Publisher : Routledge
ISBN 13 : 9781563244742
Total Pages : 0 pages
Book Rating : 4.2/5 (447 download)

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Book Synopsis History of the U.S. Economy Since World War II by : Harold G. Vatter

Download or read book History of the U.S. Economy Since World War II written by Harold G. Vatter and published by Routledge. This book was released on 1996 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive edited collection rather than a standard textbook. Many of the selections are by eminent figures in the field, and were written over a period of almost 50 years. The 105 selections are arranged in 10 parts: the economy at midcentury; highlights of change if the postwar era; changes in the structure of the economy; the evolution of the business sector; the labor force and labor organization; changing material conditions and the quality of life; government growth and government as manager; the financial superstructure, prices, and monetary policy; the foreign balance and foreign economic policy; and the long stagnation. Paper edition (unseen), $28.95. Annotation copyright by Book News, Inc., Portland, OR

The Economics of World War I

Author : Stephen Broadberry
Publisher : Cambridge University Press
ISBN 13 : 1139448358
Total Pages : 363 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis The Economics of World War I by : Stephen Broadberry

Download or read book The Economics of World War I written by Stephen Broadberry and published by Cambridge University Press. This book was released on 2005-09-29 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unique volume offers a definitive new history of European economies at war from 1914 to 1918. It studies how European economies mobilised for war, how existing economic institutions stood up under the strain, how economic development influenced outcomes and how wartime experience influenced post-war economic growth. Leading international experts provide the first systematic comparison of economies at war between 1914 and 1918 based on the best available data for Britain, Germany, France, Russia, the USA, Italy, Turkey, Austria-Hungary and the Netherlands. The editors' overview draws some stark lessons about the role of economic development, the importance of markets and the damage done by nationalism and protectionism. A companion volume to the acclaimed The Economics of World War II, this is a major contribution to our understanding of total war.

Ages of American Capitalism

Author : Jonathan Levy
Publisher : Random House Trade Paperbacks
ISBN 13 : 0812985184
Total Pages : 945 pages
Book Rating : 4.8/5 (129 download)

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Book Synopsis Ages of American Capitalism by : Jonathan Levy

Download or read book Ages of American Capitalism written by Jonathan Levy and published by Random House Trade Paperbacks. This book was released on 2022-04-05 with total page 945 pages. Available in PDF, EPUB and Kindle. Book excerpt: A leading economic historian traces the evolution of American capitalism from the colonial era to the present—and argues that we’ve reached a turning point that will define the era ahead. “A monumental achievement, sure to become a classic.”—Zachary D. Carter, author of The Price of Peace In this ambitious single-volume history of the United States, economic historian Jonathan Levy reveals how capitalism in America has evolved through four distinct ages and how the country’s economic evolution is inseparable from the nature of American life itself. The Age of Commerce spans the colonial era through the outbreak of the Civil War, and the Age of Capital traces the lasting impact of the industrial revolution. The volatility of the Age of Capital ultimately led to the Great Depression, which sparked the Age of Control, during which the government took on a more active role in the economy, and finally, in the Age of Chaos, deregulation and the growth of the finance industry created a booming economy for some but also striking inequalities and a lack of oversight that led directly to the crash of 2008. In Ages of American Capitalism, Levy proves that capitalism in the United States has never been just one thing. Instead, it has morphed through the country’s history—and it’s likely changing again right now. “A stunning accomplishment . . . an indispensable guide to understanding American history—and what’s happening in today’s economy.”—Christian Science Monitor “The best one-volume history of American capitalism.”—Sven Beckert, author of Empire of Cotton

Mastering a New Role

Author : National Academy of Engineering
Publisher : National Academies Press
ISBN 13 : 0309046467
Total Pages : 145 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis Mastering a New Role by : National Academy of Engineering

Download or read book Mastering a New Role written by National Academy of Engineering and published by National Academies Press. This book was released on 1993-02-01 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the changing character of commercial technology development and diffusion in an integrated global economy and its implications for U.S. public policies in support of technological innovation. The volume considers the history, current practice, and future prospects for national policies to encourage economic development through both direct and indirect government support of technological advance.

Government and the American Economy

Author : Price V. Fishback
Publisher : University of Chicago Press
ISBN 13 : 0226251292
Total Pages : 634 pages
Book Rating : 4.2/5 (262 download)

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Book Synopsis Government and the American Economy by : Price V. Fishback

Download or read book Government and the American Economy written by Price V. Fishback and published by University of Chicago Press. This book was released on 2008-09-15 with total page 634 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 experiment, the authors show, allowed individuals and interest groups to shape the structure and policies of government, which, in turn, have fostered economic success and innovation by emphasizing private property rights, the rule of law, and protections of individual freedom. In response to new demands for infrastructure, America’s federal structure hastened development by promoting the primacy of states, cities, and national governments. More recently, the economic reach of American government expanded dramatically as the populace accepted stronger limits on its economic freedoms in exchange for the increased security provided by regulation, an expanded welfare state, and a stronger national defense.

The Great Inflation

Author : Michael D. Bordo
Publisher : University of Chicago Press
ISBN 13 : 0226066959
Total Pages : 545 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis The Great Inflation by : Michael D. Bordo

Download or read book The Great Inflation written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2013-06-28 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.

The Structure and Evolution of Recent U.S. Trade Policy

Author : Robert E. Baldwin
Publisher : University of Chicago Press
ISBN 13 : 0226036537
Total Pages : 452 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis The Structure and Evolution of Recent U.S. Trade Policy by : Robert E. Baldwin

Download or read book The Structure and Evolution of Recent U.S. Trade Policy written by Robert E. Baldwin and published by University of Chicago Press. This book was released on 2008-04-15 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: The trade policies addressed in this book have far-reaching effects on the world's increasingly interdependent economies, but until now little research has been devoted to them. This volume represents the first systematic effort to analyze specific U.S. trade policies, particularly nontariff measures. It provides a better understanding of how trade policies operate, how effective they are, and what their costs and benefits are to trading nations. The contributors chart the history of U.S. trade policy since World War II, analyze industry-specific trade barriers, and discuss the effects of tariff preferences and export-promoting policies such as export credits and domestic international sales corporations (DISCs). The final section of essays examines the worldwide impact of import policies, pointing out subtleties in industry-specific policies and providing insight into the levels of protection in developing countries. The contributors blend state-of-the-art economics with language that is accessible to the business community, economists, and policymakers. Commentaries accompany each paper.

A Consumers' Republic

Author : Lizabeth Cohen
Publisher : Vintage
ISBN 13 : 0307555364
Total Pages : 578 pages
Book Rating : 4.3/5 (75 download)

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Book Synopsis A Consumers' Republic by : Lizabeth Cohen

Download or read book A Consumers' Republic written by Lizabeth Cohen and published by Vintage. This book was released on 2008-12-24 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this signal work of history, Bancroft Prize winner and Pulitzer Prize finalist Lizabeth Cohen shows how the pursuit of prosperity after World War II fueled our pervasive consumer mentality and transformed American life. Trumpeted as a means to promote the general welfare, mass consumption quickly outgrew its economic objectives and became synonymous with patriotism, social equality, and the American Dream. Material goods came to embody the promise of America, and the power of consumers to purchase everything from vacuum cleaners to convertibles gave rise to the power of citizens to purchase political influence and effect social change. Yet despite undeniable successes and unprecedented affluence, mass consumption also fostered economic inequality and the fracturing of society along gender, class, and racial lines. In charting the complex legacy of our “Consumers’ Republic” Lizabeth Cohen has written a bold, encompassing, and profoundly influential book.

Postwar Economic Problems

Author : Seymour Edwin Harris
Publisher : New York : McGraw-Hill
ISBN 13 :
Total Pages : 466 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Postwar Economic Problems by : Seymour Edwin Harris

Download or read book Postwar Economic Problems written by Seymour Edwin Harris and published by New York : McGraw-Hill. This book was released on 1943 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Never Together

Author : Peter Temin
Publisher : Cambridge University Press
ISBN 13 : 1316516741
Total Pages : 339 pages
Book Rating : 4.3/5 (165 download)

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Book Synopsis Never Together by : Peter Temin

Download or read book Never Together written by Peter Temin and published by Cambridge University Press. This book was released on 2022-02-24 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: An inclusive economic history of America describing two centuries of American racial conflicts since the Constitution was written.

Industrial Restructuring, Financial Instability and the Dynamics of the Postwar US Economy (RLE: Business Cycles)

Author : David J. Carrier
Publisher : Routledge
ISBN 13 : 1317506774
Total Pages : 242 pages
Book Rating : 4.3/5 (175 download)

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Book Synopsis Industrial Restructuring, Financial Instability and the Dynamics of the Postwar US Economy (RLE: Business Cycles) by : David J. Carrier

Download or read book Industrial Restructuring, Financial Instability and the Dynamics of the Postwar US Economy (RLE: Business Cycles) written by David J. Carrier and published by Routledge. This book was released on 2015-03-24 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume, originally published in 1997, examines the combined effect of financial instability and industrial restructuring on postwar economic growth and recession in the US. It sheds light on the fundamental question of whether or not these trends are positive for the economy as a whole. To explain the cyclical nature of investment and finance, institutional theory regarding financial instability is examined in depth and related to Minsky’s analysis of investment behaviour. The author has created an empirical model of this behaviour which, he claims, accurately predicts historical consumption investment and GDP cycles.

Freedom's Forge

Author : Arthur Herman
Publisher : Random House Trade Paperbacks
ISBN 13 : 0812982045
Total Pages : 434 pages
Book Rating : 4.8/5 (129 download)

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Book Synopsis Freedom's Forge by : Arthur Herman

Download or read book Freedom's Forge written by Arthur Herman and published by Random House Trade Paperbacks. This book was released on 2013-07-02 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: NEW YORK TIMES BESTSELLER • SELECTED BY THE ECONOMIST AS ONE OF THE BEST BOOKS OF THE YEAR “A rambunctious book that is itself alive with the animal spirits of the marketplace.”—The Wall Street Journal Freedom’s Forge reveals how two extraordinary American businessmen—General Motors automobile magnate William “Big Bill” Knudsen and shipbuilder Henry J. Kaiser—helped corral, cajole, and inspire business leaders across the country to mobilize the “arsenal of democracy” that propelled the Allies to victory in World War II. Drafting top talent from companies like Chrysler, Republic Steel, Boeing, Lockheed, GE, and Frigidaire, Knudsen and Kaiser turned auto plants into aircraft factories and civilian assembly lines into fountains of munitions. In four short years they transformed America’s army from a hollow shell into a truly global force, laying the foundations for the country’s rise as an economic as well as military superpower. Freedom’s Forge vividly re-creates American industry’s finest hour, when the nation’s business elites put aside their pursuit of profits and set about saving the world. Praise for Freedom’s Forge “A rarely told industrial saga, rich with particulars of the growing pains and eventual triumphs of American industry . . . Arthur Herman has set out to right an injustice: the loss, down history’s memory hole, of the epic achievements of American business in helping the United States and its allies win World War II.”—The New York Times Book Review “Magnificent . . . It’s not often that a historian comes up with a fresh approach to an absolutely critical element of the Allied victory in World War II, but Pulitzer finalist Herman . . . has done just that.”—Kirkus Reviews (starred review) “A compulsively readable tribute to ‘the miracle of mass production.’ ”—Publishers Weekly “The production statistics cited by Mr. Herman . . . astound.”—The Economist “[A] fantastic book.”—Forbes “Freedom’s Forge is the story of how the ingenuity and energy of the American private sector was turned loose to equip the finest military force on the face of the earth. In an era of gathering threats and shrinking defense budgets, it is a timely lesson told by one of the great historians of our time.”—Donald Rumsfeld

The Oxford Handbook of Postwar European History

Author : Dan Stone
Publisher : Oxford University Press
ISBN 13 : 0199560986
Total Pages : 796 pages
Book Rating : 4.1/5 (995 download)

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Book Synopsis The Oxford Handbook of Postwar European History by : Dan Stone

Download or read book The Oxford Handbook of Postwar European History written by Dan Stone and published by Oxford University Press. This book was released on 2012-05-17 with total page 796 pages. Available in PDF, EPUB and Kindle. Book excerpt: The postwar period is no longer current affairs but is becoming the recent past. As such, it is increasingly attracting the attentions of historians. Whilst the Cold War has long been a mainstay of political science and contemporary history, recent research approaches postwar Europe in many different ways, all of which are represented in the 35 chapters of this book. As well as diplomatic, political, institutional, economic, and social history, the The Oxford Handbook of Postwar European History contains chapters which approach the past through the lenses of gender, espionage, art and architecture, technology, agriculture, heritage, postcolonialism, memory, and generational change, and shows how the history of postwar Europe can be enriched by looking to disciplines such as anthropology and philosophy. The Handbook covers all of Europe, with a notable focus on Eastern Europe. Including subjects as diverse as the meaning of 'Europe' and European identity, southern Europe after dictatorship, the cultural meanings of the bomb, the 1968 student uprisings, immigration, Americanization, welfare, leisure, decolonization, the Wars of Yugoslav Succession, and coming to terms with the Nazi past, the thirty five essays in this Handbook offer an unparalleled coverage of postwar European history that offers far more than the standard Cold War framework. Readers will find self-contained, state-of-the-art analyses of major subjects, each written by acknowledged experts, as well as stimulating and novel approaches to newer topics. Combining empirical rigour and adventurous conceptual analysis, this Handbook offers in one substantial volume a guide to the numerous ways in which historians are now rewriting the history of postwar Europe.

Declining Profitability and the Evolution of the US Economy

Author : Ascension Mejorado
Publisher : Taylor & Francis
ISBN 13 : 1000956334
Total Pages : 311 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis Declining Profitability and the Evolution of the US Economy by : Ascension Mejorado

Download or read book Declining Profitability and the Evolution of the US Economy written by Ascension Mejorado and published by Taylor & Francis. This book was released on 2023-09-01 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1970s were a pivotal decade for the US economy: deindustrialization broke the power of the labor unions and made possible the redistribution of income in favor of corporate profits; globalization and offshore investments opened alternatives to domestic nonfinancial capital accumulation; domestic productivity growth declined; and labor-saving technology empowered superstar corporations to rapidly gain market share. This book argues that the persistent fall in profitability, leading to the stagflation crisis, was a direct result of the transition from the Fordist phase of capital accumulation, based on large-scale manufacturing, to the neoliberal phase and the rising power of finance. Neoliberalism restored the power of rentiers but not the profit rates of nonfinancial corporations. Falling accumulation rates weakened the growth capacity of nonfinancial corporate firms and secular stagnation became the norm. Neo-Keynesian economists, Larry Summers and Paul Krugman, explained the persistence of secular stagnation with arguments borrowed from Alvin Hansen in the 1930s, such as the declining birth rate or the falling relative prices of investment goods, hence a shortfall of demand. In the Classical paradigm, profitability drives capital accumulation and falling profitability slows down growth. As the accumulation rate declined and the capacity growth diminished, breakdowns in supply links, due to the COVID-19 pandemic, prevented large infusions of purchasing power to find matching levels of supply, hence the stagflation crisis returned. The book will be a great asset to researchers and scholars interested in the development of Classical Political Economy concerning issues related to inflation, stagnation, growing inequality, and the next phase of neoliberalism.

American Economic Development Since 1945: Growth, Decline And Rejuvenation

Author : Samuel Rosenberg
Publisher : Springer Nature
ISBN 13 : 1403990263
Total Pages : 344 pages
Book Rating : 4.4/5 (39 download)

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Book Synopsis American Economic Development Since 1945: Growth, Decline And Rejuvenation by : Samuel Rosenberg

Download or read book American Economic Development Since 1945: Growth, Decline And Rejuvenation written by Samuel Rosenberg and published by Springer Nature. This book was released on with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Postwar Japanese Economy, The; Its Development and Structure, 1937-1994, 2nd Ed.

Author : Takafusa Nakamura
Publisher :
ISBN 13 :
Total Pages : 320 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis Postwar Japanese Economy, The; Its Development and Structure, 1937-1994, 2nd Ed. by : Takafusa Nakamura

Download or read book Postwar Japanese Economy, The; Its Development and Structure, 1937-1994, 2nd Ed. written by Takafusa Nakamura and published by . This book was released on 1995 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economy of Japan, with its high rates of growth, exemplary productivity levels, overall stability, and resilience in the face of financial and other crises, has been one of the wonders of the postwar world. In this book, which has since its first publication in 1981 been a standard text and reference work on the postwar economy, one of Japan's leading economist-scholars describes its workings, its roots in the prewar and wartime years, and its structure and institutions. For this revised second edition, the author has written several new chapters, added data bringing the discussion up to the 1990s, and reorganized the presentation.