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The Past and Future of America's Economy - Long Waves of Innovation that Power Cycles of Growth (Hardcover)
Loot Price: R4,026
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The Past and Future of America's Economy - Long Waves of Innovation that Power Cycles of Growth (Hardcover)
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Throughout American history, periodic cycles of economic change
have fundamentally reordered the way we work, the organization of
business and markets, the role of government, and even the nature
of politics. If we are to control our future, we must understand
this process of change. These economic transformations are powered
by the emergence of waves of new technologies. In the 1890s, the
development of electricity and cheap steel led to a new,
factory-based economy. In the 1940s and 1950s, automation and
advances in electronics and chemicals created a new national
corporate, mass-production economy. Since the 1990s, an information
technology revolution has again created a robust New Economy.
Robert Atkinson examines this process of change over the past 150
years and explores the responses of people and institutions. The
book then analyzes today's New Economy, including the new
information technology system, and effects on markets,
organizations, workers, and governance. Taking into account the
historical record, the book discusses the shortcomings of
prevailing liberal and conservative economic doctrines and lays out
a new growth economics agenda aimed at maximizing the
productivity-enhancing forces of the New Economy. Anyone interested
in American history as well as the future contours of our economy
will find Dr Atkinson's insightful analyses a fascinating guide to
the past and a provocative challenge for the future. Economists,
business leaders, scholars, and economic policymakers will find it
a necessary addition to the literature on economic cycles and
growth economics.
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