An Extraordinary Time by Marc Levinson
The End of the Postwar Boom and the Return of the Ordinary Economy
This book argues that the rapid, broad-based economic expansion that followed World War II was an unusual historical episode rather than a new normal, and that in the late twentieth century the world returned to a more ordinary pattern of slower growth and intermittent disruption. Drawing on international data and institutional history, the author traces how demographic shifts, changing productivity trends, technological limits, globalization, corporate behavior, and policy choices combined to end the postwar boom and reshape expectations about prosperity. Rather than treating slower growth as a failure, the book reframes it as a return to longer-run norms with important implications for public policy, business strategy, and political debate about inequality and state capacity.
- Published
- 2016
- Nationality
- American
- Length
- Unknown
- Pages
- Unknown
- Original Language
- English
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