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Overview
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.
Synopsis
Rosenberg (economics, Roosevelt U., Chicago) identifies three phases of the period: the creation of an institutional framework that set the stage for prosperity, the undermining of this framework at the end of the 1960s and resulting stagflation of the 1970s, and creation of a new institutional structure in the 1980s based on free market conservatism and restoring US international hegemony and the resulting economic expansion of the 1990s. Annotation ©2003 Book News, Inc., Portland, OR
Editorials
From the Publisher
"...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