Why economies grow
Subtitle: the forces that shape prosperity and how we can get them working again
By: Jeffrey Madrick.
Publisher: Basic Books
Published: 2002
Place of publication: New York, NY
Language: eng
Number of pages: 242
Subjects: Economic development; Commerce; Economic history; United States -- Economic conditions; United States -- Economic policy
Description: "The past two years have been an unhappy and uncertain time for the once-unstoppable U.S. economy. The dot-com bubble has burst, the major stock indexes have lost hundreds of billions of dollars of value, there is a crisis of confidence in corporate governance, and the economy as a whole is growing sluggishly if at all. These developments have many people asking questions they thought we'd already answered: What makes economies grow? How can we get ours healthy again?".

"There are any number of one-dimensional answers to be had. Some focus on the national savings rate. Others take for granted that growth is driven by new technologies. In his new book, New York Times columnist Jeff Madrick argues that these factors are not as dominant as many believe and all the emphasis they receive leads us to ignore other crucial factors. The most important of those neglected is the strength of market demand itself.".

"The thesis at the heart of Why Economies Grow is that the process of growth is far more complex than most pundits, business journalists, and even economists believe. But it can be understood. Madrick re-examines the 1990s in light of earlier booms, shows why technology did not give rise to a "new economy," and tells what we need to do to restore rapid growth to the U.S. economy."--BOOK JACKET.
Notes: Includes bibligraphic references and index.
"A Century Foundation book."
Table of contents: title: Why economies grow; title: The invention of the new economy; title: The importance of economic growth; title: Causes of industrial revolution; title: The drama of the American industrial revolution; title: The productivity slowdown; title: Why we grew rapidly again; title: Challenges to prosperity; title: Making America grow : principles; title: Making America grow : an agenda.