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Look Inside The American Economy

The American Economy
The Struggle for Supremacy in the 21st Century


Part of Cambridge Studies in Economic Policies and Institutions

  • Date Published: April 1995
  • availability: Available
  • format: Hardback
  • isbn: 9780521480130

$ 144.00

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About the Authors
  • This work focuses on the economic challenges the American economy has faced during the post-World War II era, and on the new challenges - represented notably by the competing economies of Japan, Germany, and of the entire European Union - which confront it as the twenty-first century approaches. Professor Spulber presents a detailed critique of the thesis alleging that the American economy has experienced some kind of decline, and also argues that the economy will continue to move forward energetically and successfully if growth and change are primarily left to emerge from the impulses and incentives of the private economy.

    • Book is very timely and relevant - author challenges theories held by key Clinton economic advisers such as Robert Reich, Lester Thurow, and Laura d'Andrea Tyson
    • Controversial, challenges conventional view of postwar US economic decline
    • Examines possible implications of policy shifts concerning technological change, the economic role of government, government - business relations
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    Reviews & endorsements

    'Mr. Spulber lucidly discusses US economic growth over the past four decades, focusing on the changing nature of government-business relations, the strength of US technological progress and the 'proliferation of strategic international alliances, joint venture mergers, and acquisitions of foreign firms' in which the US plays the leading role.' Charles Wolf, Jr, Wall Street Journal

    'Professor Spulber's book gives a balanced response to 'declinists' and advocates of industrial policy. He reminds us that a free, market economy corrects its mistakes and moves forward without the wastes of planning.' Allan H. Meltzer, Carnegie Mellon University

    'This book makes a contribution in its effective criticism of industrial planning, as the concept has come to be called, and its discussion of the problems and promises of technological change. Professor Spulber provides a consistent and effective counterpoint to such centralized planning as Robert Heilbroner, Albert Gore, Robert Reich, and others have called for.' Gene Smiley, Marquette University

    '… a welcome contrast to much of the polemical literature in this area, being firmly grounded in economic analysis and quantitative evidence but remaining accessible and clearly written.' Economic History Review

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    Product details

    • Date Published: April 1995
    • format: Hardback
    • isbn: 9780521480130
    • length: 308 pages
    • dimensions: 237 x 158 x 23 mm
    • weight: 0.614kg
    • availability: Available
  • Table of Contents

    Part I. A Challenge Met:
    1. Postwar growth and change
    2. Government-business relationship
    Part II. The New Challenge and its Implications:
    3. The challenge
    4. The implications
    Part III. The Long Run Development of the US Economy:
    5. The structural transformations
    6. The state machine and the evolving economy
    Part IV. The Road Ahead:
    7. New priorities
    8. Contests at technological frontiers.

  • Author

    Nicolas Spulber, Indiana University

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