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Author Levinson, Marc, author.

Title An extraordinary time : the end of the postwar boom and the return of the ordinary economy / Marc Levinson.

Publication Info. New York : Basic Books, [2016]


Location Call No. OPAC Message Status
 Axe 3rd Floor Stacks  330.9045 L578e 2016    ---  Available
1 copy being processed for Axe Acquisitions Order.
Description vii, 326 pages ; 25 cm
text txt rdacontent
unmediated n rdamedia
volume nc rdacarrier
Bibliography Includes bibliographical references (pages 273-312) and index.
Summary "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.
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.
Subject Economic history -- 20th century.
Economic policy -- 20th century.
Capital market -- History -- 20th century.
Foreign exchange rates -- History -- 20th century.
Capital market. (OCoLC)fst00846356
Economic history. (OCoLC)fst00901974
Economic policy. (OCoLC)fst00902025
Foreign exchange rates. (OCoLC)fst00931816
Chronological Term 1900-1999
Genre/Form History. (OCoLC)fst01411628
ISBN 9780465061983 (hardback)
0465061982 (hardback)
9780465096565 (e-book)
Standard No. 40026578618

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