Cover image for American economic development since 1945 : growth, decline, and rejuvenation
American economic development since 1945 : growth, decline, and rejuvenation
Rosenberg, Samuel.
Personal Author:
Publication Information:
Houndmills, Basingstoke, England ; New York : Palgrave Macmillan, [2003]

Physical Description:
xii, 339 pages ; 23 cm.
Part 1: Introduction -- Economic mobilization for survival, 1940-45 -- Part 2: The making of an institutional framework, 1945-60 -- Macroeconomic policy, economic instability and economic growth -- Business-labor relations: conflict amidst stability -- From dollar shortage to dollar glut -- Part 3: Strains developing within the institutional framework, 1960-71 -- From guideposts to controls: the rise and fall of keynesian demand management policy -- Standoff at the workplace -- The persistence of inequality and the limits of liberal policy -- The dollar: no longer as good as gold -- Part 4: The unmaking of an institutional framework and the recreation of another, 1971-2000 -- Stagflation, 1971-80 -- The economic and political stalemate, 1971-80 -- Restructuring the economy: the market-based conservative strategy, 1981-92 -- Toward the twenty-first century" a reinvigorated economy, 1993-2000.

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HC106.5 .R596 2003 Adult Non-Fiction Central Closed Stacks

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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.

Author Notes

Samuel Rosenberg is Professor of Economics and Director of the Honors Program at Roosevelt University, Chicago

Reviews 1

Choice Review

Rosenberg (Roosevelt Univ.) has written what appears to be 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, in the forefront. Although Rosenberg offers relatively little information regarding individuals and organizations, he pays close attention to the policy decisions that constricted the rights of labor. He does a great service in this respect, placing these struggles in the larger context of US economic history. Rosenberg's organization suits his project quite well. He divides the work into four separate periods: 1940-45, 1945-60, 1960-71, and 1971-2000. Within each, chapters treat various subjects, e.g., "Business-Labor Relations: Conflict amidst Stability," "Standoff at the Workplace," and "Restructuring the Economy: The Market Based Conservative Strategy." The last chapter details the overall onslaught against working people during the last few decades. Although the book is openly progressive, it is--probably properly so--atheoretical. One would have to look hard to find traces of any models or abstract theories, whether Marxist or neoclassical, in this book. This clear, well-organized work belongs in any library. ^BSumming Up: Highly recommended. Public and academic library collections, lower-division undergraduate and up. M. Perelman California State University, Chico

Table of Contents

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