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Title: A GREAT LEAP FORWARD
1930S DEPRESSION AND U.S. ECONOMIC GROWTH
By: Alexander J. Field
Format: Hardback

List price: £35.00


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ISBN 10: 0300151098
ISBN 13: 9780300151091
Publisher: YALE UNIVERSITY PRESS
Pub. date: 13 May, 2011
Series: Yale Series in Economic and Financial History
Pages: 400
Description: A re-examination of the history of US economic growth. It is built around a novel claim that potential output grew dramatically across the Depression years (1929-1941) and that this advance provided the foundation for the economic and military success of the United States during the WWII as well as for the Golden Age (1948-1973) that followed.
Synopsis: This thoughtful re-examination of the history of U.S. economic growth is built around a novel claim, that potential output grew dramatically across the Depression years (1929-1941) and that this advance provided the foundation for the economic and military success of the United States during the Second World War as well as for the Golden Age (1948-1973) that followed. Alexander Field takes a fresh look at growth data and concludes that, behind a backdrop of double-digit unemployment, the 1930s actually experienced very high rates of technological and organizational innovation, fueled by the maturing of a privately funded research and development system and the government funded build-out of the country's surface road infrastructure. This substantive new volume in the "Yale Series in Economic History" invites renewed discussions on productivity growth over the last century and a half and on our current prospects.
Illustrations: 36 black-&-white illustrations
Publication: US
Imprint: Yale University Press
Returns: Returnable
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