Understanding American Economic Decline

• Foreword: writing about the economic future Robert L. Heilbroner; Preface David E. Adler; Acknowledgements; Part I. Historical Perspectives: 1. Understanding American economic decline: the contours of the late-twentieth-century experience Michael A. Bernstein; 2. Chickens home to roost: from prosperity to stagnation in the postwar US economy David M. Gordon; Part II. Institutional and Structural Perspectives: 3. Creating and extracting value: corporate investment behaviour and American economic performance William Lazonick; 4. Financial institutions and contemporary economic performance Jane Knodell; 5. Industries, trade and wages James K. Galbraith and Paulo Du Pin Calmon; 6. A comparative analysis of the sources of America's relative economic decline Jeffrey A. Hart; Part III. Policy Perspectives: 7. Right-wing economics in the 1980s: the anatomy of failure David M. Gordon, Thomas E. Weisskopf and Samuel Bowles; 8. The new economic stagnation and the contradictions of economic policy making Robert A. Blecker; Part IV. Social and Cultural Perspectives: 9. The changing contours of discrimination: race, gender and structural economic change M. V. Lee Badgett and Rhonda M. Williams; 10. Troubled times: the cultural dimensions of economic decline Katherine S. Newman; Part V. Conclusion: 11. American economics and the American economy in the American century: doctrinal legacies and contemporary policy problems Michael A. Bernstein; List of contributors; Index.

"This book of essays by leading scholars, principally economists, provides a splendid summary of the root causes of the late-twentieth-century economic decline of the United States." Stuart Bruchey, The Journal of American History