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The Resource An extraordinary time : the end of the postwar boom and the return of the ordinary economy, Marc Levinson

An extraordinary time : the end of the postwar boom and the return of the ordinary economy, Marc Levinson

Creator
Author
Summary
  • "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."--Publisher information
  • "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: an anomaly, and not one likely to be repeated. Slow economic growth is actually the norm, and the economy simply cannot be controlled in the ways that we would like--no matter what economists and politicians may say. The forces that had driven a quarter-century of rapid economic growth had simply played themselves out, while at the same time the Bretton Woods system of fixed international exchange rates--a structure that had been in place since 1944--collapsed, leaving exchange rates in the hands of traders and speculators who had no obligation to use them to promote stability. A sweeping reappraisal of the last sixty years of world history from an acclaimed economist, historian, and business reporter, An Extraordinary Time describes how the postwar economic boom dissipated in the early 1970s."--Publisher information
Language
eng
Work
Publication
Extent
vii, 326 pages
Contents
  • The new economics
  • The magic square
  • Chaos
  • Crisis of faith
  • The great stagflation
  • Gold boys
  • Quotas and concubines
  • The export machine
  • The end of the dream
  • The right turn
  • Thatcher
  • Socialism's last stand
  • Morning in America
  • The lost decade
  • The new world
Isbn
9780465061983
Instance
Label
An extraordinary time : the end of the postwar boom and the return of the ordinary economy
Title
An extraordinary time
Title remainder
the end of the postwar boom and the return of the ordinary economy
Statement of responsibility
Marc Levinson
Creator
Author
Subject
Genre
Language
eng
Summary
  • "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."--Publisher information
  • "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: an anomaly, and not one likely to be repeated. Slow economic growth is actually the norm, and the economy simply cannot be controlled in the ways that we would like--no matter what economists and politicians may say. The forces that had driven a quarter-century of rapid economic growth had simply played themselves out, while at the same time the Bretton Woods system of fixed international exchange rates--a structure that had been in place since 1944--collapsed, leaving exchange rates in the hands of traders and speculators who had no obligation to use them to promote stability. A sweeping reappraisal of the last sixty years of world history from an acclaimed economist, historian, and business reporter, An Extraordinary Time describes how the postwar economic boom dissipated in the early 1970s."--Publisher information
Cataloging source
DLC
http://library.link/vocab/creatorName
Levinson, Marc
Dewey number
330.9/045
Index
index present
LC call number
HC54
LC item number
.L398 2016
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Economic history
  • Economic policy
  • Capital market
  • Foreign exchange rates
  • HISTORY
  • BUSINESS & ECONOMICS
  • POLITICAL SCIENCE
  • Economic policy
  • POLITICAL SCIENCE
  • HISTORY
  • HISTORY
  • BUSINESS & ECONOMICS
  • POLITICAL SCIENCE
  • HISTORY
  • Capital market
  • Economic history
  • Economic policy
  • Foreign exchange rates
  • Arbeitslosigkeit
  • Kapitalmarkt
  • Wirtschaftskrise
  • Wirtschaftswachstum
  • Wechselkurs
  • Weltwirtschaft
  • Wirtschaftspolitik
Label
An extraordinary time : the end of the postwar boom and the return of the ordinary economy, Marc Levinson
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 273-312) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
The new economics -- The magic square -- Chaos -- Crisis of faith -- The great stagflation -- Gold boys -- Quotas and concubines -- The export machine -- The end of the dream -- The right turn -- Thatcher -- Socialism's last stand -- Morning in America -- The lost decade -- The new world
Control code
ocn945232333
Dimensions
25 cm
Extent
vii, 326 pages
Isbn
9780465061983
Lccn
2016017970
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other control number
40026578618
System control number
  • (Sirsi) i9780465061983
  • (OCoLC)945232333
Label
An extraordinary time : the end of the postwar boom and the return of the ordinary economy, Marc Levinson
Publication
Bibliography note
Includes bibliographical references (pages 273-312) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
The new economics -- The magic square -- Chaos -- Crisis of faith -- The great stagflation -- Gold boys -- Quotas and concubines -- The export machine -- The end of the dream -- The right turn -- Thatcher -- Socialism's last stand -- Morning in America -- The lost decade -- The new world
Control code
ocn945232333
Dimensions
25 cm
Extent
vii, 326 pages
Isbn
9780465061983
Lccn
2016017970
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other control number
40026578618
System control number
  • (Sirsi) i9780465061983
  • (OCoLC)945232333

Subject

Genre

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