An extraordinary time: the end of the postwar boom and the return of the ordinary economy
"In An Extraordinary Time, acclaimed economic historian Marc Levinson recounts the global collapse of the postwar economy in the 1970s. While economists struggle to return us to the high economic growth rates of the past, Levinson counterintuitively argues that the boom years of the 1950s and 1...
Gespeichert in:
1. Verfasser: | |
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Format: | Buch |
Sprache: | English |
Veröffentlicht: |
New York
Basic Books
[2016]
|
Ausgabe: | First Edition |
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis Klappentext |
Zusammenfassung: | "In An Extraordinary Time, acclaimed economic historian Marc Levinson recounts the global collapse of the postwar economy in the 1970s. While economists struggle to return us to the high economic growth rates of the past, Levinson counterintuitively argues that the boom years of the 1950s and 1960s were an anomaly; slow economic growth is the norm-no matter what economists and politicians may say. Yet these atypical years left the public with unreasonable expectations of what government can achieve. When the economy failed to revive, suspicion of government and liberal institutions rose sharply, laying the groundwork for the political and economic polarization that we're still grappling with today. A sweeping reappraisal of the last sixty years of world history, An Extraordinary Time describes how the postwar economic boom dissipated, undermining faith in government, destabilizing the global financial system, and forcing us to come to terms with how tumultuous our economy really is"..."AFTER World War II, the global economy experienced a golden age. As the rubble in cities like Berlin and Tokyo gave way to millions of new homes and businesses, incomes skyrocketed, and consumers rushed to purchase cars, electricity, indoor plumbing, and higher education. Between 1950 and 1973, Japan's per capita income rose nearly 600 percent; Germany's economy quadrupled during the same period. And in steel towns and manufacturing centers across the United States, people discovered a new freedom of mobility...social and physical...that had long eluded them. In An Extraordinary Time, acclaimed economic historian Marc Levinson describes how this age of miraculous growth and prosperity suddenly evaporated in the early 1970s, giving way to an era of anxietY and political extremism. Levinson argues that the boom years were really just that: a anomaly, and not one likely to be repeated. Slow economic growth is actually the norm, and the ... |
Beschreibung: | vii, 326 Seiten Illustrationen |
ISBN: | 9780465061983 |
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520 | |a "In An Extraordinary Time, acclaimed economic historian Marc Levinson recounts the global collapse of the postwar economy in the 1970s. While economists struggle to return us to the high economic growth rates of the past, Levinson counterintuitively argues that the boom years of the 1950s and 1960s were an anomaly; slow economic growth is the norm-no matter what economists and politicians may say. Yet these atypical years left the public with unreasonable expectations of what government can achieve. When the economy failed to revive, suspicion of government and liberal institutions rose sharply, laying the groundwork for the political and economic polarization that we're still grappling with today. A sweeping reappraisal of the last sixty years of world history, An Extraordinary Time describes how the postwar economic boom dissipated, undermining faith in government, destabilizing the global financial system, and forcing us to come to terms with how tumultuous our economy really is"..."AFTER World War II, the global economy experienced a golden age. As the rubble in cities like Berlin and Tokyo gave way to millions of new homes and businesses, incomes skyrocketed, and consumers rushed to purchase cars, electricity, indoor plumbing, and higher education. Between 1950 and 1973, Japan's per capita income rose nearly 600 percent; Germany's economy quadrupled during the same period. And in steel towns and manufacturing centers across the United States, people discovered a new freedom of mobility...social and physical...that had long eluded them. In An Extraordinary Time, acclaimed economic historian Marc Levinson describes how this age of miraculous growth and prosperity suddenly evaporated in the early 1970s, giving way to an era of anxietY and political extremism. Levinson argues that the boom years were really just that: a anomaly, and not one likely to be repeated. Slow economic growth is actually the norm, and the ... | ||
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Datensatz im Suchindex
_version_ | 1804176810496229376 |
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Contents
Introduction 1
The New Economics 15
The Magic Square 27
Chaos 47
Crisis of Faith 57
The Great Stagflation 65
Gold Boys 81
Quotas and Concubines 99
The Export Machine 115
The End of the Dream 133
The Right Turn 155
Thatcher 179
Socialism’s Last Stand 199
Morning in America 219
The Lost Decade 239
The New World 257
Acknowledgments 271
Notes 273
Index 313
1 vii |
jr** he 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 helplessly 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 promises 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.
|
any_adam_object | 1 |
author | Levinson, Marc |
author_GND | (DE-588)17033659X |
author_facet | Levinson, Marc |
author_role | aut |
author_sort | Levinson, Marc |
author_variant | m l ml |
building | Verbundindex |
bvnumber | BV043903788 |
callnumber-first | H - Social Science |
callnumber-label | HC54 |
callnumber-raw | HC54 |
callnumber-search | HC54 |
callnumber-sort | HC 254 |
callnumber-subject | HC - Economic History and Conditions |
classification_rvk | NW 2200 |
ctrlnum | (OCoLC)948441775 (DE-599)BVBBV043903788 |
dewey-full | 330.9/045 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 330 - Economics |
dewey-raw | 330.9/045 |
dewey-search | 330.9/045 |
dewey-sort | 3330.9 245 |
dewey-tens | 330 - Economics |
discipline | Geschichte Wirtschaftswissenschaften |
edition | First Edition |
era | Geschichte 1900-2000 Geschichte 1948-1995 gnd Geschichte 1945-2010 gnd |
era_facet | Geschichte 1900-2000 Geschichte 1948-1995 Geschichte 1945-2010 |
format | Book |
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publisher | Basic Books |
record_format | marc |
spelling | Levinson, Marc (DE-588)17033659X aut An extraordinary time the end of the postwar boom and the return of the ordinary economy Marc Levinson First Edition New York Basic Books [2016] © 2016 vii, 326 Seiten Illustrationen txt rdacontent n rdamedia nc rdacarrier "In An Extraordinary Time, acclaimed economic historian Marc Levinson recounts the global collapse of the postwar economy in the 1970s. While economists struggle to return us to the high economic growth rates of the past, Levinson counterintuitively argues that the boom years of the 1950s and 1960s were an anomaly; slow economic growth is the norm-no matter what economists and politicians may say. Yet these atypical years left the public with unreasonable expectations of what government can achieve. When the economy failed to revive, suspicion of government and liberal institutions rose sharply, laying the groundwork for the political and economic polarization that we're still grappling with today. A sweeping reappraisal of the last sixty years of world history, An Extraordinary Time describes how the postwar economic boom dissipated, undermining faith in government, destabilizing the global financial system, and forcing us to come to terms with how tumultuous our economy really is"..."AFTER World War II, the global economy experienced a golden age. As the rubble in cities like Berlin and Tokyo gave way to millions of new homes and businesses, incomes skyrocketed, and consumers rushed to purchase cars, electricity, indoor plumbing, and higher education. Between 1950 and 1973, Japan's per capita income rose nearly 600 percent; Germany's economy quadrupled during the same period. And in steel towns and manufacturing centers across the United States, people discovered a new freedom of mobility...social and physical...that had long eluded them. In An Extraordinary Time, acclaimed economic historian Marc Levinson describes how this age of miraculous growth and prosperity suddenly evaporated in the early 1970s, giving way to an era of anxietY and political extremism. Levinson argues that the boom years were really just that: a anomaly, and not one likely to be repeated. Slow economic growth is actually the norm, and the ... Geschichte 1900-2000 Geschichte 1948-1995 gnd rswk-swf Geschichte 1945-2010 gnd rswk-swf HISTORY / Modern / 20th Century bisacsh BUSINESS & ECONOMICS / Economic History bisacsh POLITICAL SCIENCE / History & Theory bisacsh HISTORY / World bisacsh Geschichte Wirtschaft Wirtschaft. Geschichte Wirtschaftspolitik Economic history 20th century Economic policy 20th century Capital market History 20th century Foreign exchange rates History 20th century HISTORY / Modern / 20th Century BUSINESS & ECONOMICS / Economic History POLITICAL SCIENCE / History & Theory HISTORY / World Wirtschaftspolitik (DE-588)4066493-4 gnd rswk-swf Weltwirtschaft (DE-588)4065468-0 gnd rswk-swf Welt (DE-588)4065341-9 gnd rswk-swf Großbritannien (DE-588)4022153-2 gnd rswk-swf USA (DE-588)4078704-7 gnd rswk-swf Weltwirtschaft (DE-588)4065468-0 s USA (DE-588)4078704-7 g Großbritannien (DE-588)4022153-2 g Geschichte 1945-2010 z DE-604 Welt (DE-588)4065341-9 s Wirtschaftspolitik (DE-588)4066493-4 s Geschichte 1948-1995 z 1\p DE-604 Erscheint auch als Online-Ausgabe, (e-book) 978-0-465-09656-5 Erscheint auch als Online-Ausgabe Levinson, Marc, author Extraordinary time. New York : Basic Books, 2016 Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029312991&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029312991&sequence=000002&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA Klappentext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
spellingShingle | Levinson, Marc An extraordinary time the end of the postwar boom and the return of the ordinary economy HISTORY / Modern / 20th Century bisacsh BUSINESS & ECONOMICS / Economic History bisacsh POLITICAL SCIENCE / History & Theory bisacsh HISTORY / World bisacsh Geschichte Wirtschaft Wirtschaft. Geschichte Wirtschaftspolitik Economic history 20th century Economic policy 20th century Capital market History 20th century Foreign exchange rates History 20th century HISTORY / Modern / 20th Century BUSINESS & ECONOMICS / Economic History POLITICAL SCIENCE / History & Theory HISTORY / World Wirtschaftspolitik (DE-588)4066493-4 gnd Weltwirtschaft (DE-588)4065468-0 gnd Welt (DE-588)4065341-9 gnd |
subject_GND | (DE-588)4066493-4 (DE-588)4065468-0 (DE-588)4065341-9 (DE-588)4022153-2 (DE-588)4078704-7 |
title | An extraordinary time the end of the postwar boom and the return of the ordinary economy |
title_auth | An extraordinary time the end of the postwar boom and the return of the ordinary economy |
title_exact_search | An extraordinary time the end of the postwar boom and the return of the ordinary economy |
title_full | An extraordinary time the end of the postwar boom and the return of the ordinary economy Marc Levinson |
title_fullStr | An extraordinary time the end of the postwar boom and the return of the ordinary economy Marc Levinson |
title_full_unstemmed | An extraordinary time the end of the postwar boom and the return of the ordinary economy Marc Levinson |
title_short | An extraordinary time |
title_sort | an extraordinary time the end of the postwar boom and the return of the ordinary economy |
title_sub | the end of the postwar boom and the return of the ordinary economy |
topic | HISTORY / Modern / 20th Century bisacsh BUSINESS & ECONOMICS / Economic History bisacsh POLITICAL SCIENCE / History & Theory bisacsh HISTORY / World bisacsh Geschichte Wirtschaft Wirtschaft. Geschichte Wirtschaftspolitik Economic history 20th century Economic policy 20th century Capital market History 20th century Foreign exchange rates History 20th century HISTORY / Modern / 20th Century BUSINESS & ECONOMICS / Economic History POLITICAL SCIENCE / History & Theory HISTORY / World Wirtschaftspolitik (DE-588)4066493-4 gnd Weltwirtschaft (DE-588)4065468-0 gnd Welt (DE-588)4065341-9 gnd |
topic_facet | HISTORY / Modern / 20th Century BUSINESS & ECONOMICS / Economic History POLITICAL SCIENCE / History & Theory HISTORY / World Geschichte Wirtschaft Wirtschaft. Geschichte Wirtschaftspolitik Economic history 20th century Economic policy 20th century Capital market History 20th century Foreign exchange rates History 20th century Weltwirtschaft Welt Großbritannien USA |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029312991&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=029312991&sequence=000002&line_number=0002&func_code=DB_RECORDS&service_type=MEDIA |
work_keys_str_mv | AT levinsonmarc anextraordinarytimetheendofthepostwarboomandthereturnoftheordinaryeconomy |