Understanding American Economic Decline 0521450632, 9780521450638

The public has been painfully aware of the economy's stagnation for a long time. In this major new volume, leading

340 105 1MB

English Pages 428 [425] Year 1994

Understanding American Economic Decline
0521450632, 9780521450638

Author / Uploaded
Michael A. Bernstein

Table of contents :
Cover
Half-title
Title
Copyright
Dedication
Contents
Foreword: Writing about the economic future
Preface
Acknowledgments
Historical perspectives
Understanding American economic decline: the contours of the late-twentieth-century experience
Chickens home to roost: from prosperity to stagnation in the postwar U.S. economy
Institutional and structural perspectives
Creating and extracting value: corporate investment behavior and American economic performance
Financial institutions and contemporary economic performance
Industries, trade, and wages
A comparative analysis of the sources of America's relative economic decline
Policy perspectives
Right-wing economics in the 1980s: the anatomy of failure
The new economic stagnation and the contradictions of economic policy making
Social and cultural perspectives
The changing contours of discrimination: race, gender, and structural economic change
Troubled times: the cultural dimensions of economic decline
Conclusion
American economics and the American economy in the American Century: doctrinal legacies and contemporary policy problems
List of contributors
Index

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