Marc Levinson (Free or Read) An Extraordinary Time – PDF, eBook & Kindle free


10 thoughts on “An Extraordinary Time

  1. says:

    Very descriptive history of the end of the post war boom in the 1970s This is a period I read about a lot It is a place of turns for the worse a point where things went terribly wrong This period should get attention than the 1960s o

  2. says:

    This review was written in multiple parts over a working dayAn Extraordinary Time The End of the Postwar Boom and the Return of the Ordinary Economy by Marc Levinson is an examination of the economic downturn in the 1970's and a look at what Levinson terms as the end of the post WWII boom After WWII many Western nations as well as Japan experienced massive economic growth rates a large expansion in personal income for citizens and an expans

  3. says:

    Stunning analysis of the economic history of the 1970s I find an apt comparison between the ungovernabilty of that era and the present which both led to sharp turns toward the right in the capitalist democracies

  4. says:

    Here is another book that I read for a class this time a class on US economic history after 1865 This book was eye opening and focused just as much on the rest of the world as it did on the United States you get a whirlwind tour of all the major parts of western economic history after World War II you need to look elsewhere for a similar survey of the Communist bloc of the time Marc Levinson examines the causes of the extraordinary econom

  5. says:

    I thought that this book was generally boring but it spurred uite a heated discussion in my book group

  6. says:

    This is an odd book It purports to demonstrate that mature economies such as the US Western Europe and Japan can grow rapidly in special circumstances basically he uses the recovery from WW2 as his example and then settle back to lower growth for the long term What he actually does is spend two short chapters on

  7. says:

    If you've taken an international economics course in undergrad at any time in the past 15 years say using Krugman's textbook on the matter or an euivalent you've covered 45 or of the material in this book In this respect the book is a surprisingly standard historicalpolitical analysis of western monetary policy in the 30 glorious years post war as well as the 80s 90sUnfortunately not much explanation or discussion is dedicated at peeling

  8. says:

    Levinson explains how the world economies in the Gold Age from the World War II to the Oil Shock had well performed with high economic growth rate low inflation rate and low unemployment rate Such a good performance of the world economies significantly contributed for the improvement of human well being in major advanced countries on the o

  9. says:

    The Annual GDP growth for the US has dropped from a high of 5% in the sixties to around 15% currently If you look at China or India they are r

  10. says:

    A refreshing take on the low growth era of the 1970s onward by someone who doesn't have a political axe to grind Levinson looks across countries to find the causes of lower growth and to measure the political trends that arose in response to it He tells the story of the overburdened bureaucracies of the post war developed countries but als

Leave a Reply

Your email address will not be published. Required fields are marked *


review × PDF, DOC, TXT or eBook Ó Marc Levinson

An Extraordinary Time

The decades after World War II were a golden age across much of the world It was a time of economic miracles an era when steady jobs were easy to find and families could see their living standards improving year after year And then around 1973 the good times vanished The world economy slumped badly then settled into the slow erratic growth that had been the norm before the war The result was an era of anxiety uncertainty and political extremism that we are still grappling with today In An Extraordinary Time acclaimed economic historian Marc Levinson describes how the end of the postwar. This review was written in multiple parts over a working dayAn Extraordinary Time The End of the Postwar Boom and the Return of the Ordinary Economy by Marc Levinson is an examination of the economic downturn in the 1970 s and a look at what Levinson terms as the end of the post WWII boom After WWII many Western nations as well as Japan experienced massive economic growth rates a large expansion in personal income for citizens and an expansion of social welfare programs and workers unions a period often dubbed the Golden Years or Les Trente Glorieuses These were years of plenty for many with massive industrial growth Politicians grappled with the concept of full employment and were generally accepting of higher inflation rates as workers incomes and macro productivity rose to match it Most nations utilized centralized principles of economic guidance with even the most liberal of democracies creating ministries and agencies to control exports manage interest rates and encourage steady job growth and industrial output This period saw massive rates of infrastructure growth as well paid blue collar workers sought new homes cars and consumer goods to improve their uality of living This period transcended political divisions with both socialist and conservative parties expanding welfare programs engaging in protectionist economic policies and generally seeking full employment at the expense of inflation ratesThe meat and bones of this book however is the examination of what went wrong with the above policy priorities what the reaction was and what the issues with those decisions were After the Golden Years 1970ish most liberal democracies that existed made decisive shifts to the right of the political spectrum Politicians like Nixon Reagan Thatcher Kohl and so on made major gains politically and disrupted the old party system that existed in most mature liberal democracies US excluded New parties emerged and the overarching priority of both political actors and citizenry was deregulation with the ultimate goal of tax reduction for the average consumerworker Why did this happen The thirty or so Glorious Years were a workers paradise What changedFirst off Levinson argues that the most significant change was a massive drop in productivity factors in Western industrial firms and an inability to adapt to the changes by Western governments and citizens Most Western constituents were used to periods of sustainable and steady growth and when this trend failed they blamed their current political structure namely the socially driven policies of the previous periods politicians The average Joe only thinks about his bottom line no criticism necessarily but fails to see the larger picture This is the crux of Levinson s argument But why Why would a poorer individual with a declining share in society who is struggling to make ends meat vote for political actors that we see nowadays as representatives of the Upper Class This is a tough uestion but Levinson does a wonderful job examining the changes and issues presented through a critical lens and the prevailing attitudes of voters at the times examined Suffice to say Levinson has written an interesting account of post WWII economics The author argues for increased independence of firms in the economy and a careful examination of global policy trends over a period of decades following the economic downturns present after 1973 An examination of banking trends levels of government structure and business cycle trends takes a deeper look at how and why downturns began after the 1970 s and ultimately determines a return in this period to cyclical economic ups and downs These cycles are global and often little can be done by individual nation states to combat them alone Greater cooperation between Federal Banks and national governments is reuired to ensure cycles in the economy do as little damage as possible to the average citizens Levinson is not offering a small government argument but instead a nuanced cooperation between private and public elements on a global scale to encourage low unemployment figures high wages solid benefits and economic stability This was a very topical read and I can certainly recommend it as an adept examination of economic downturns and the policy and business level decisions that paved their way into existence A Tangled Affair (The Pearl House year after The Prince of Pleasure (The Wilde Brothers, years of plenty for many with massive industrial growth Politicians grappled with the concept of full employment and were generally accepting of higher inflation rates as workers incomes and macro productivity rose to match it Most nations utilized centralized principles of economic guidance with even the most liberal of democracies creating ministries and agencies to control exports manage interest rates and encourage steady job growth and industrial output This period saw massive rates of infrastructure growth as well paid blue collar workers sought new homes cars and consumer goods to improve their uality of living This period transcended political divisions with both socialist and conservative parties expanding welfare programs engaging in protectionist economic policies and generally seeking full employment at the expense of inflation ratesThe meat and bones of this book however is the examination of what went wrong with the above policy priorities what the reaction was and what the issues with those decisions were After the Golden Years 1970ish most liberal democracies that existed made decisive shifts to the right of the political spectrum Politicians like Nixon Reagan Thatcher Kohl and so on made major gains politically and disrupted the old party system that existed in most mature liberal democracies US excluded New parties emerged and the overarching priority of both political actors and citizenry was deregulation with the ultimate goal of tax reduction for the average consumerworker Why did this happen The thirty or so Glorious Years were a workers paradise What changedFirst off Levinson argues that the most significant change was a massive drop in productivity factors in Western industrial firms and an inability to adapt to the changes by Western governments and citizens Most Western constituents were used to periods of sustainable and steady growth and when this trend failed they blamed their current political structure namely the socially driven policies of the previous periods politicians The average Joe only thinks about his bottom line no criticism necessarily but fails to see the larger picture This is the crux of Levinson s argument But why Why would a poorer individual with a declining share in society who is struggling to make ends meat vote for political actors that we see nowadays as representatives of the Upper Class This is a tough uestion but Levinson does a wonderful job examining the changes and issues presented through a critical lens and the prevailing attitudes of voters at the times examined Suffice to say Levinson has written an interesting account of post WWII economics The author argues for increased independence of firms in the economy and a careful examination of global policy trends over a period of decades following the economic downturns present after 1973 An examination of banking trends levels of government structure and business cycle trends takes a deeper look at how and why downturns began after the 1970 s and ultimately determines a return in this period to cyclical economic ups and downs These cycles are global and often little can be done by individual nation states to combat them alone Greater cooperation between Federal Banks and national governments is reuired to ensure cycles in the economy do as little damage as possible to the average citizens Levinson is not offering a small government argument but instead a nuanced cooperation between private and public elements on a global scale to encourage low unemployment figures high wages solid benefits and economic stability This was a very topical read and I can certainly recommend it as an adept examination of economic downturns and the policy and business level decisions that paved their way into existence

review An Extraordinary Time

Boom reverberated throughout the global economy bringing energy shortages financial crises soaring unemployment and a gnawing sense of insecurity Politicians suddenly unable to deliver the prosperity of years past railed haplessly against currency speculators oil sheikhs and other forces they could not control From Sweden to Southern California citizens grew suspicious of their newly ineffective governments and rebelled against the high taxes needed to support social welfare programs enacted when coffers were flush Almost everywhere the pendulum swung to the right bringing politicians. I thought that this book was generally boring but it spurred uite a heated discussion in my book group

review × PDF, DOC, TXT or eBook Ó Marc Levinson

Like Margaret Thatcher and Ronald Reagan to power But their promise that deregulation privatization lower tax rates and smaller government would restore economic security and robust growth proved unfounded Although the guiding hand of the state could no longer deliver the steady economic performance the public had come to expect free market policies were eually unable to do so The golden age would not come back again A sweeping reappraisal of the last sixty years of world history An Extraordinary Time forces us to come to terms with how little control we actually have over the economy. Levinson explains how the world economies in the Gold Age from the World War II to the Oil Shock had well performed with high economic growth rate low inflation rate and low unemployment rate Such a good performance of the world economies significantly contributed for the improvement of human well being in major advanced countries on the one hand while the politicians policy makers as well as ordinary nationals in these advanced countries all became to take for granted that economy could be controllable so as to grow at high rate with continuous improvement of human well being on the other handAfter the world faced the Oil Shock in 1973 all the underlining economic conditions changed drastically ie turned into being troubled with low economic growth rate high inflation rate and high unemployment rate In spite of efforts to challenge these economic bad conditions such as the Thatcherism and the Reaganomics which promoted deregulation and privatization the economies of major advanced countries have remained low growth rate and high unemployment rate and widened income gap between rich and poor as a result of the liberalization of economiesAfter reviewed postwar world economic history Levinson concluded as below The Golden Age was an extraordinary time and the generation that lived through it enjoyed extraordinary opportunity But as economist John Fernald observed after delving deeply into American productivity data It is the exceptional growth that appears unusual The same applies to every other country in the world Economic miracles do happen but in most times and most places economics grow slowly bringing a gradual improvement in living standards punctuated by sudden bursts of euphoria and by recessions that throw unneeded workers on the street Neither market oriented economic policies such as those championed by Margaret Thatcher and Ronald Reagan nor statist reforms such as those initially undertaken by Fran ois Mitterrand have proven able to alter that reality In Japan and Korea massive state guided investment booms once the objects of breathless admiration around the world brought explosive economic growth followed by rapid improvements in living standards again for a while But those economies too eventually fell from orbit their political leaders no longer able to deliver miraclesLevinson successfully described the dynamics of the world economies and the Golden Age was mere extraordinary period which derived from such historical conditions a the restoration of the advanced countries from ruins after the World War II b the rise of communism that resulted in the Cold War and c the implementation of the Marshall Plan to support economic restoration of the advanced countries as an urgent response of US against the rise of communismI highly recommend this book if you are interested in postwar world economic history and want to understand why the advanced countries currently face difficulties in their economies

  • Hardcover
  • 336
  • An Extraordinary Time
  • Marc Levinson
  • English
  • 28 October 2018
  • 9780465061983