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Growing Prosperity: Striving for Growth With Equity in the Twenty-First Century
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Bibliographic Detail
Publisher Houghton Mifflin
Publication date January 18, 2000
Pages 352
Binding Hardcover
Book category Adult Non-Fiction
ISBN-13 9780395822869
ISBN-10 0395822866
Dimensions 1.25 by 6.50 by 9.50 in.
Weight 1.35 lbs.
Availability§ Publisher Out of Stock Indefinitely
Original list price $25.00
§As reported by publisher
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Summaries and Reviews
Summary
An analysis of past trends in the American economy concludes that the integration of new information technology rather than traditional inflationary economic models explains the current economic boom. Tour. (view table of contents)
Amazon.com description: Product Description:
The sudden drop in America's productivity rate beginning in the early 1970s and the simultaneous increase in income inequality made a generation of American economists pessimistic about the nation's ability to grow faster or to deal with the growing gap between the rich and everyone else. Barry Bluestone and Bennett Harrison review the historical record and offer an elegant explanation of why the productivity drought occurred and why it is finally over. The potential for a sustained era of economic expansion more equitably shared is on the horizon, thanks to the revolution in computer and information technology that has now come of age.But potential, the authors argue, is one thing; realization is another. Though optimistic about the productivity boom, Bluestone and Harrison do not believe that the payoff to the technology revolution can be fully realized without a sea change in economic policy. Their discerning analysis reveals that the current obsession with federal debt reduction and inflation control -- the very essence of what they call the "Wall Street model" -- will in fact sabotage growth. Only by embracing a "Main Street model" that revitalizes government-sponsored R&D, public infrastructure, education, and training -- all of which have helped underwrite spectacular economic growth spurts in the past -- can America reach its potential for equitable expansion in the coming century. Flying in the face of the ruling economic orthodoxy, GROWING PROSPERITY is a beautifully argued work that goes beyond critique to envision a way to add $3.2 trillion to the economy over the coming decade. With its provocative thesis and its clear prescriptive message, it will be of great interest to everyone with a stake in our economic future.


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Hardcover
Book cover for 9780395822869
 
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from Houghton Mifflin (January 18, 2000)
9780395822869 | details & prices | 352 pages | 6.50 × 9.50 × 1.25 in. | 1.35 lbs | List price $25.00
About: Presents an analysis of trends in the American economy

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