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  1. Home
  2. Books
  3. Understanding American Economic Decline
  • Cited by 18
Publisher:
Cambridge University Press
Online publication date:
June 2012
Print publication year:
1994
Online ISBN:
9781139174169
DOI:
https://doi.org/10.1017/CBO9781139174169
Subjects:
Economics, Area Studies, American History after 1945, American Studies, History, Economic Development and Growth
Information

Book description

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.

Reviews

"This book of essays by leading scholars, principally economists, provides a splendid summary of the root causes of the late-twentieth-century economic decline of the United States." Stuart Bruchey, The Journal of American History

"...the authors raise questions that are timely as a backdrop to the current debate over President Clinton's economic policy." The Washington Monthly

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