An Extraordinary Time

An Extraordinary Time

The End of the Postwar Boom and the Return of the Ordinary Economy

Book - 2016
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"In An Extraordinary Time, acclaimed economic historian Marc Levinson recounts the global collapse of the postwar economy in the 1970s. While economists struggle to return us to the high economic growth rates of the past, Levinson counterintuitively argues that the boom years of the 1950s and 1960s were an anomaly; slow economic growth is the norm-no matter what economists and politicians may say. Yet these atypical years left the public with unreasonable expectations of what government can achieve. When the economy failed to revive, suspicion of government and liberal institutions rose sharply, laying the groundwork for the political and economic polarization that we're still grappling with today. A sweeping reappraisal of the last sixty years of world history, An Extraordinary Time describes how the postwar economic boom dissipated, undermining faith in government, destabilizing the global financial system, and forcing us to come to terms with how tumultuous our economy really is"-- Provided by publisher.
Publisher: New York : Basic Books, 2016.
Edition: First Edition.
ISBN: 9780465061983
Characteristics: 326 pages ; 25 cm

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pm221
Feb 01, 2018

An interesting exposition of the fact that politicians cannot solve economic problems, but can certainly make them worse. Post war reconstruction powered western economies through 1973, then the wind went out of the sails and the various economies have all floundered since. A great background for some of today’s most recalcitrant problems - inequality, low productivity etc etc.

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