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Diane Publishing Books
Why Economies Grow: The Forces That Shape Prosperity and How to Get Them Working Again
Jeff Madrick (au)
In the first two years of the 21st century the dot-com bubble burst, the major stock indexes dropped, there was a crisis of confidence in corporate governance, & the economy as a whole grew sluggishly. The national savings rate & news technologies are not the dominant factors; rather, the most important factor is the strength of market demand itself. Madrick re-examines the 1990s in light of earlier booms, shows why technology did not give rise to a “new economy,” & tells what we need to do to restore rapid growth to the U.S. economy. Proposes an economic agenda for the nation that is both historically well-founded & sharply different from the current one: an agenda led by gov’t. & that stresses the breadth & complexity of real growth.
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