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The age of experts: a review of Marc Levinson’s an extraordinary time

The age of experts: a review of Marc Levinson’s an extraordinary time Bus Econ (2017) 52:268–271 DOI 10.1057/s11369-017-0055-z The age of experts: a review of Marc Levinson’s an extraordinary time 1 1 Stephen C. Sexauer Laurence B. Siegel Published online: 26 October 2017 National Association for Business Economics 2017 How good were the good old days? Was the post-World War about people in the United States, the most recent quarter- II economic boom in the United States and other developed century is the most special one of all. Levinson’s conclu- countries a truly special period, one that we cannot expect to sion—that we are destined to revert to an ‘‘ordinary repeat, even over centuries-long time frames? Where did economy,’’ one characterized by stagnation and unpro- those exceptional growth rates come from, and what—if ductivity—is deeply wrong. anything—can we do to bring them back? In An Extraordinary Time: The End of the Postwar Boom and the Return of the Ordinary Economy, the eco- 1 Innovation versus stability nomic historian and journalist Marc Levinson, author of The Box, poses these questions. His answer is that the As a general rule of economic progress: no change, no quarter-century from 1948 to 1973 was truly exceptional growth. The tensions and balances between governments, and that http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Business Economics Springer Journals

The age of experts: a review of Marc Levinson’s an extraordinary time

Sexauer, Stephen C.; Siegel, Laurence B.
Business Economics , Volume 52 (4): 4 – Oct 1, 2017
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Publisher
Springer Journals
Copyright
2017 National Association for Business Economics
ISSN
0007-666X
eISSN
1554-432X
DOI
10.1057/s11369-017-0055-z
Publisher site
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Abstract

Bus Econ (2017) 52:268–271 DOI 10.1057/s11369-017-0055-z The age of experts: a review of Marc Levinson’s an extraordinary time 1 1 Stephen C. Sexauer Laurence B. Siegel Published online: 26 October 2017 National Association for Business Economics 2017 How good were the good old days? Was the post-World War about people in the United States, the most recent quarter- II economic boom in the United States and other developed century is the most special one of all. Levinson’s conclu- countries a truly special period, one that we cannot expect to sion—that we are destined to revert to an ‘‘ordinary repeat, even over centuries-long time frames? Where did economy,’’ one characterized by stagnation and unpro- those exceptional growth rates come from, and what—if ductivity—is deeply wrong. anything—can we do to bring them back? In An Extraordinary Time: The End of the Postwar Boom and the Return of the Ordinary Economy, the eco- 1 Innovation versus stability nomic historian and journalist Marc Levinson, author of The Box, poses these questions. His answer is that the As a general rule of economic progress: no change, no quarter-century from 1948 to 1973 was truly exceptional growth. The tensions and balances between governments, and that

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Business Economics – Springer Journals

Published: Oct 1, 2017

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