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This 1988 book focuses on the real puzzle of 1930s America: why did the economy fail to recover from the downturn of 1929-33? The author presents a convincing case that there were important long-run tendencies within the economy that are crucial to understanding this failure. From a wealth of detail about individual industries emerges a bold thesis about the interwar economy that emphasizes both cyclical and secular factors and shows that some sectors of the economy demonstrated technological dynamism during the 1930s. His approach cuts across the more traditional explanations which have been for the most part tests of economic theories rather than historical explanations of the depression.
History of North America --- anno 1920-1929 --- Depressions --- Crises économiques --- United States --- Etats-Unis --- Economic conditions --- Conditions économiques --- US / United States of America - USA - Verenigde Staten - Etats Unis --- 331.100 --- 331.101 --- Economische geschiedenis: algemeenheden. --- Geschiedenis van de economische cyclussen. --- Economie en handel --- Verenigde Staten --- geschiedenis --- 1929-1939 --- 1929-1939. --- Geschiedenis --- Crises économiques --- Conditions économiques --- 1929 --- 1918-1945 --- Economische geschiedenis: algemeenheden --- Geschiedenis van de economische cyclussen --- Crise économique. --- Depressions. --- Economic history. --- Histoire économique. --- Weltwirtschaftskrise (1929-1932). --- 1918-1945. --- Geschichte 1929-1939. --- Etats-Unis d'Amérique. --- USA. --- United States. --- Arts and Humanities --- History --- Depressions - 1929 - United States --- United States - Economic conditions - 1918-1945
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The economics profession in twentieth-century America began as a humble quest to understand the "wealth of nations." It grew into a profession of immense public prestige--and now suffers a strangely withered public purpose. Michael Bernstein portrays a profession that has ended up repudiating the state that nurtured it, ignoring distributive justice, and disproportionately privileging private desires in the study of economic life. Intellectual introversion has robbed it, he contends, of the very public influence it coveted and cultivated for so long. With wit and irony he examines how a community of experts now identified with uncritical celebration of ''free market'' virtues was itself shaped, dramatically so, by government and collective action. In arresting and provocative detail Bernstein describes economists' fitful efforts to sway a state apparatus where values and goals could seldom remain separate from means and technique, and how their vocation was ultimately humbled by government itself. Replete with novel research findings, his work also analyzes the historical peculiarities that led the profession to a key role in the contemporary backlash against federal initiatives dating from the 1930's to reform the nation's economic and social life. Interestingly enough, scholars have largely overlooked the history that has shaped this profession. An economist by training, Bernstein brings a historian's sensibilities to his narrative, utilizing extensive archival research to reveal unspoken presumptions that, through the agency of economists themselves, have come to mold and define, and sometimes actually deform, public discourse. This book offers important, even troubling insights to readers interested in the modern economic and political history of the United States and perplexed by recent trends in public policy debate. It also complements a growing literature on the history of the social sciences. Sure to have a lasting impact on its field, A Perilous Progress represents an extraordinary contribution of gritty empirical research and conceptual boldness, of grand narrative breadth and profound analytical depth.
US / United States of America - USA - Verenigde Staten - Etats Unis --- 330.1 --- 330.08 --- 330.40 --- Domein en natuur van de staathuishoudkunde. --- Economisten. --- Geschiedenis van het economisch en sociaal denken. --- Geschiedenis van het economisch en sociaal denken --- Evolution historique de la pensée économique et sociale: généralités --- History of the economic and social thinking --- 330.40 Geschiedenis van het economisch en sociaal denken --- 330.40 Evolution historique de la pensée économique et sociale: généralités --- 330.40 History of the economic and social thinking --- Economics --- Economists --- Social scientists --- History --- Council of Economic Advisers (U.S.) --- CEA --- Council of Economic Advisors (U.S.) --- President's Council of Economic Advisers (U.S.) --- United States. --- History. --- United States --- Economic policy --- Economic order --- E-books --- Domein en natuur van de staathuishoudkunde --- Economisten --- Economists - United States - History - 20th century. --- Economics - United States - History - 20th century. --- United States of America
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The public has long been painfully aware of the economy's stagnation. The contemporary recession has brought to the foreground problems which have been germinating for decades. Falling real wages, slow productivity growth, and the loss of international competitiveness in major industries all are outgrowths of long-term developments that predate this crisis. As the United States moves from a position of global economic leadership to one of economic interdependence, we need alternative approaches to explain the dramatic changes in the US economy. This collection of essays, written by leading scholars, presents a systematic analysis of the nation's economic woes. The authors furnish more than hard-hitting criticisms of the US economy. They provide hope as they offer solutions to America's most pressing economic problems.
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