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Post War Economic Growth Revisited
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Book Synopsis Post-war Economic Growth Revisited by : Gottfried Bombach
Download or read book Post-war Economic Growth Revisited written by Gottfried Bombach and published by North Holland. This book was released on 1985 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gives a retrospective look at growth during the post-war epoch and also dwells on the question of to what extent neo-classical growth theory helps one to understand and interpret what has occurred, and how future prospects appear. The decisive impact of the development of aggregate demand on growth is stressed, thereby touching on the crucial question of the neutrality of money in the long run. Nine alternative hypotheses are investigated in order to explain why capitalist countries had such success and why growth came to such a sudden end. In contrast to present day mainstream economics, attention is paid to the importance of demand, including the argument of export-led growth, failures of stabilization policy, and the slowdown of capital formation. A final chapter is devoted to the mystery' of the declining growth of labour productivity.
Book Synopsis Post-war Economic Growth Revisited by : Gottfried Bombach
Download or read book Post-war Economic Growth Revisited written by Gottfried Bombach and published by . This book was released on 1985 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Post-war Economic Growth Revisited by : Gottfried Bombach
Download or read book Post-war Economic Growth Revisited written by Gottfried Bombach and published by North Holland. This book was released on 1985 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gives a retrospective look at growth during the post-war epoch and also dwells on the question of to what extent neo-classical growth theory helps one to understand and interpret what has occurred, and how future prospects appear. The decisive impact of the development of aggregate demand on growth is stressed, thereby touching on the crucial question of the neutrality of money in the long run. Nine alternative hypotheses are investigated in order to explain why capitalist countries had such success and why growth came to such a sudden end. In contrast to present day mainstream economics, attention is paid to the importance of demand, including the argument of export-led growth, failures of stabilization policy, and the slowdown of capital formation. A final chapter is devoted to the mystery' of the declining growth of labour productivity.
Book Synopsis Dynamics of Ascent by : W. Elliot Brownlee
Download or read book Dynamics of Ascent written by W. Elliot Brownlee and published by . This book was released on 1988 with total page 564 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Affluent Society? by : Lawrence Black
Download or read book An Affluent Society? written by Lawrence Black and published by Routledge. This book was released on 2017-07-28 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: During an election speech in 1957 the Prime Minister, Harold Macmillan, famously remarked that 'most of our people have never had it so good'. Although taken out of context, this phrase soon came to epitomize the sense of increased affluence and social progress that was prevalent in Britain during the 1950s and 1960s. Yet, despite the recognition that Britain had moved away from an era of rationing and scarcity, to a new age of choice and plenty, there was simultaneously a parallel feeling that the nation was in decline and being economically outstripped by its international competitors. Whilst the study of Britain's postwar history is a well-trodden path, and the paradox of absolute growth versus relative decline much debated, it is here approached in a fresh and rewarding way. Rather than highlighting economic and industrial 'decline', this volume emphasizes the tremendous impact of rising affluence and consumerism on British society. It explores various expressions of affluence: new consumer goods; shifting social and cultural values; changes in popular expectations of policy; shifting popular political behaviour; changing attitudes of politicians towards the electorate; and the representation of affluence in popular culture and advertising. By focusing on the widespread cultural consequences of increasing levels of consumerism, emphasizing growth over decline and recognizing the rising standards of living enjoyed by most Britons, a new and intriguing window is opened on the complexities of this 'golden age'. Contrasting growing consumer expectations and demands against the anxieties of politicians and economists, this book offers all students of the period a new perspective from which to view post-imperial Britain and to question many conventional historical assumptions.
Book Synopsis An Extraordinary Time by : Marc Levinson
Download or read book An Extraordinary Time written by Marc Levinson and published by Basic Books. This book was released on 2016-11-08 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: The decades after World War II were a golden age across much of the world. It was a time of economic miracles, an era when steady jobs were easy to find and families could see their living standards improving year after year. And then, around 1973, the good times vanished. The world economy slumped badly, then settled into the slow, erratic growth that had been the norm before the war. The result was an era of anxiety, uncertainty, and political extremism that we are still grappling with today. In An Extraordinary Time, acclaimed economic historian Marc Levinson describes how the end of the postwar boom reverberated throughout the global economy, bringing energy shortages, financial crises, soaring unemployment, and a gnawing sense of insecurity. Politicians, suddenly unable to deliver the prosperity of years past, railed haplessly against currency speculators, oil sheikhs, and other forces they could not control. From Sweden to Southern California, citizens grew suspicious of their newly ineffective governments and rebelled against the high taxes needed to support social welfare programs enacted when coffers were flush. Almost everywhere, the pendulum swung to the right, bringing politicians like Margaret Thatcher and Ronald Reagan to power. But their promise that deregulation, privatization, lower tax rates, and smaller government would restore economic security and robust growth proved unfounded. Although the guiding hand of the state could no longer deliver the steady economic performance the public had come to expect, free-market policies were equally unable to do so. The golden age would not come back again. A sweeping reappraisal of the last sixty years of world history, An Extraordinary Time forces us to come to terms with how little control we actually have over the economy.
Book Synopsis Postwar Economic Growth by : Simon Kuznets
Download or read book Postwar Economic Growth written by Simon Kuznets and published by . This book was released on 1964 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lectures ... delivered under the auspices of the John Randolph and Dora haynes Foundation during the week of march 30, 1964 ... [at] the Town Hall forum of Los Angeles ... [and] the University of California, Riverside.
Book Synopsis Government and Economies in the Postwar World by : Andrew Graham
Download or read book Government and Economies in the Postwar World written by Andrew Graham and published by Routledge. This book was released on 2013-03-01 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: The chance to begin anew seldom occurs. Yet the nearly complete breakdown of the world economy between 1939 and 1945, together with the dominant position of the United States at the end of the war, provided just this opportunity. A new international economic order was built on the ruins of the old. How this happened - and the role of government in economic performance - is the subject of this important and timely book. Written by political scientists, contemporary historians and economists, it includes ten country studies covering all the major industrialized nations in the West: the USA, USSR, Japan, Germany, the United Kingdom, France, Italy, Spain, Eastern Europe, and Scandinavia. In each chapter readers will find information on the main objectives and instruments of economic policy, the institutional framework, where the country started from at the end of the war, and a summary of what happened thereafter both in terms of policies and outcomes. Each chapter also contains data on the country's economic performance, a list of selected dates of important events, and a guide to further reading. The book begins with an overview of the sytem of international trade and payments since the war, and ends with five commentaries drawing attention to contrasts and similarities between the nations. The commentaries feature David Henderson, Head of the Economics Division of the OECD, on the overall economic performance, Charles Feinstein on the influence of different starting points, David Marquand on the effect of different political and institutional structures, and Sidney Pollard on economic policies and traditions. Learning from other countries' experience as well as understanding how they see their own problems is increasingly important with 1992, glasnost', and the problem of international policy coordination between the USA, Japan, and Germany so high on the agenda. No other book provides such a wide-ranging account of how the industrialized world came to be where it is today.
Book Synopsis Revisiting Keynes by : Lorenzo Pecchi
Download or read book Revisiting Keynes written by Lorenzo Pecchi and published by MIT Press. This book was released on 2010-08-13 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading economists revisit a provocative essay by John Maynard Keynes, debating Keynes's vision of growth, inequality, work, leisure, entrepreneurship, consumerism, and the search for happiness in the twenty-first century. In 1931 distinguished economist John Maynard Keynes published a short essay, “Economic Possibilities for Our Grandchildren,” in his collection Essays in Persuasion. In the essay, he expressed optimism for the economic future despite the doldrums of the post-World War I years and the onset of the Great Depression. Keynes imagined that by 2030 the standard of living would be dramatically higher; people, liberated from want (and without the desire to consume for the sake of consumption), would work no more than fifteen hours a week, devoting the rest of their time to leisure and culture. In Revisiting Keynes, leading contemporary economists consider what Keynes got right in his essay—the rise in the standard of living, for example—and what he got wrong—such as a shortened work week and consumer satiation. In so doing, they raise challenging questions about the world economy and contemporary lifestyles in the twenty-first century. The contributors—among them, four Nobel laureates in economics—point out that although Keynes correctly predicted economic growth, he neglected the problems of distribution and inequality. Keynes overestimated the desire of people to stop working and underestimated the pleasures and rewards of work—perhaps basing his idea of “economic bliss” on the life of the English gentleman or the ideals of his Bloomsbury group friends. In Revisiting Keynes, Keynes's short essay—usually seen as a minor divertissement compared to his other more influential works—becomes the catalyst for a lively debate among some of today's top economists about economic growth, inequality, wealth, work, leisure, culture, and consumerism. Contributors William J. Baumol, Leonardo Becchetti, Gary S. Becker, Michele Boldrin, Jean-Paul Fitoussi, Robert H. Frank, Richard B. Freeman, Benjamin M. Friedman, Axel Leijonhufvud, David K. Levine, Lee E. Ohanian, Edmund S. Phelps, Luis Rayo, Robert Solow, Joseph E. Stiglitz, Fabrizio Zilibotti
Book Synopsis Post-war Economic Growth in the Group-of-Five Countries by :
Download or read book Post-war Economic Growth in the Group-of-Five Countries written by and published by . This book was released on 1990 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Great Depression Revisited by : Cyril Welch
Download or read book The Great Depression Revisited written by Cyril Welch and published by Springer. This book was released on 1973-07-31 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: For a quarter of a century the industrial Western world has been living in the euphoria of continuous improvements in welfare, based on economic programming, increasing integration and terms of trade which favor indus trial countries and discriminate against agricultural regions. It is true that recessions have periodically recurred during these years : time and again, however, government intervention succeeded in reducing them to mere "in ventory cycles". In contrast with the twenties and thirties, when economic policy in the West focused on fighting unemployment and stimulating investment, the postwar period has been characterized by a permanent concern to curb inflationary pressure, which was partly due to full-employ ment. The present welfare economy has given rise to a growth of the pro pensity to consume such that public policy has often been constrained to limit consumption and stimulate saving. In this new framework it has perhaps been forgotten that today's welfare owes much to the lessons from the past. The bitter world crisis experience of the thirties in particular has exerted a fruitful and decisive influence upon the search for means to prevent, eliminate or soften the cyclical fluctuations which the process of economic growth involves. Forty years after the out break of the greatest economic crisis ever, it seems useful to draw up the balancesheet of the lessons learned from it. There exists a large literature about the depression of the thirties.
Download or read book Productivity written by Dale W. Jorgenson and published by . This book was released on 2008-10 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Postwar US Economic Growth traces the outstanding postwarperformance of the US economy to investments in tangible assets and human capital.
Book Synopsis Post-war economic growth in the group-of-five countries by : Michael J. Boskin
Download or read book Post-war economic growth in the group-of-five countries written by Michael J. Boskin and published by . This book was released on 1990 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Chicago Plan Revisited by : Mr.Jaromir Benes
Download or read book The Chicago Plan Revisited written by Mr.Jaromir Benes and published by International Monetary Fund. This book was released on 2012-08-01 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan: (1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher's claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.
Book Synopsis Postwar Economic Growth by : Simon Kuznets (Economiste)
Download or read book Postwar Economic Growth written by Simon Kuznets (Economiste) and published by . This book was released on 1964 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Limits to Growth Revisited by : Ugo Bardi
Download or read book The Limits to Growth Revisited written by Ugo Bardi and published by Springer Science & Business Media. This book was released on 2011-05-27 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: “The Limits to Growth” (Meadows, 1972) generated unprecedented controversy with its predictions of the eventual collapse of the world's economies. First hailed as a great advance in science, “The Limits to Growth” was subsequently rejected and demonized. However, with many national economies now at risk and global peak oil apparently a reality, the methods, scenarios, and predictions of “The Limits to Growth” are in great need of reappraisal. In The Limits to Growth Revisited, Ugo Bardi examines both the science and the polemics surrounding this work, and in particular the reactions of economists that marginalized its methods and conclusions for more than 30 years. “The Limits to Growth” was a milestone in attempts to model the future of our society, and it is vital today for both scientists and policy makers to understand its scientific basis, current relevance, and the social and political mechanisms that led to its rejection. Bardi also addresses the all-important question of whether the methods and approaches of “The Limits to Growth” can contribute to an understanding of what happened to the global economy in the Great Recession and where we are headed from there.
Book Synopsis The Rise and Decline of Nations by : Mancur Olson
Download or read book The Rise and Decline of Nations written by Mancur Olson and published by Yale University Press. This book was released on 2022-01-01 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A compelling theory on the rationale for the changing fortunes of nations"--Publisher's website.
