Author: James G Lacey
Publisher:
ISBN: 9781682479483
Category : Business & Economics
Languages : en
Pages : 0
Book Description
Keep from All Thoughtful Men overturns much accepted historical dogma on how World War II strategy was planned and implemented. It is taken for granted that the Axis powers were defeated by an avalanche of munitions that poured forth from pitiless American factories. So it is amazing that the story of how this "miracle of production" was organized and integrated into Allied strategy and operations remains untold. Keep from All Thoughtful Men is the first book that tells how revolutions in both statistics and finance changed forever the nature of war. While the book relates the overall story of how economics dictated war planning at the highest levels, more specifically it tells how three obscure economists came to have more influence on the conduct of World War II than the Joint Chiefs. Because military historians rarely understand economics and economic historians just as rarely involve themselves with the details of war, there has never been a military history that shows how economics influenced the planning of strategy and the conduct of any war. This is sadly true of even World War II, which has been called by Paul Samuelson, "The Economist's War."
Keep from All Thoughtful Men
A Call to Arms
Author: Maury Klein
Publisher: Bloomsbury Publishing USA
ISBN: 1608194094
Category : History
Languages : en
Pages : 916
Book Description
The colossal scale of World War II required a mobilization effort greater than anything attempted in all of the world's history. The United States had to fight a war across two oceans and three continents--and to do so, it had to build and equip a military that was all but nonexistent before the war began. Never in the nation's history did it have to create, outfit, transport, and supply huge armies, navies, and air forces on so many distant and disparate fronts. The Axis powers might have fielded better-trained soldiers, better weapons, and better tanks and aircraft, but they could not match American productivity. The United States buried its enemies in aircraft, ships, tanks, and guns; in this sense, American industry and American workers, won World War II. The scale of the effort was titanic, and the result historic. Not only did it determine the outcome of the war, but it transformed the American economy and society. Maury Klein's A Call to Arms is the definitive narrative history of this epic struggle--told by one of America's greatest historians of business and economics--and renders the transformation of America with a depth and vividness never available before.
Publisher: Bloomsbury Publishing USA
ISBN: 1608194094
Category : History
Languages : en
Pages : 916
Book Description
The colossal scale of World War II required a mobilization effort greater than anything attempted in all of the world's history. The United States had to fight a war across two oceans and three continents--and to do so, it had to build and equip a military that was all but nonexistent before the war began. Never in the nation's history did it have to create, outfit, transport, and supply huge armies, navies, and air forces on so many distant and disparate fronts. The Axis powers might have fielded better-trained soldiers, better weapons, and better tanks and aircraft, but they could not match American productivity. The United States buried its enemies in aircraft, ships, tanks, and guns; in this sense, American industry and American workers, won World War II. The scale of the effort was titanic, and the result historic. Not only did it determine the outcome of the war, but it transformed the American economy and society. Maury Klein's A Call to Arms is the definitive narrative history of this epic struggle--told by one of America's greatest historians of business and economics--and renders the transformation of America with a depth and vividness never available before.
Man Out
Author: Andrew L. Yarrow
Publisher: Brookings Institution Press
ISBN: 0815732759
Category : Political Science
Languages : en
Pages : 340
Book Description
The story of men who are hurting—and hurting America by their absence Man Out describes the millions of men on the sidelines of life in the United States. Many of them have been pushed out of the mainstream because of an economy and society where the odds are stacked against them; others have chosen to be on the outskirts of twenty-first-century America. These men are disconnected from work, personal relationships, family and children, and civic and community life. They may be angry at government, employers, women, and "the system" in general—and millions of them have done time in prison and have cast aside many social norms. Sadly, too many of these men are unsure what it means to be a man in contemporary society. Wives or partners reject them; children are estranged from them; and family, friends, and neighbors are embarrassed by them. Many have disappeared into a netherworld of drugs, alcohol, poor health, loneliness, misogyny, economic insecurity, online gaming, pornography, other off-the-grid corners of the internet, and a fantasy world of starting their own business or even writing the Great American novel. Most of the men described in this book are poorly educated, with low incomes and often with very few prospects for rewarding employment. They are also disproportionately found among millennials, those over 50, and African American men. Increasingly, however, these lost men are discovered even in tony suburbs and throughout the nation. It is a myth that men on the outer corners of society are only lower-middle-class white men dislocated by technology and globalization. Unlike those who primarily blame an unjust economy, government policies, or a culture sanctioning "laziness," Man Out explores the complex interplay between economics and culture. It rejects the politically charged dichotomy of seeing such men as either victims or culprits. These men are hurting, and in turn they are hurting families and hurting America. It is essential to address their problems. Man Out draws on a wide range of data and existing research as well as interviews with several hundred men, women, and a wide variety of economists and other social scientists, social service providers and physicians, and with employers, through a national online survey and in-depth fieldwork in several communities.
Publisher: Brookings Institution Press
ISBN: 0815732759
Category : Political Science
Languages : en
Pages : 340
Book Description
The story of men who are hurting—and hurting America by their absence Man Out describes the millions of men on the sidelines of life in the United States. Many of them have been pushed out of the mainstream because of an economy and society where the odds are stacked against them; others have chosen to be on the outskirts of twenty-first-century America. These men are disconnected from work, personal relationships, family and children, and civic and community life. They may be angry at government, employers, women, and "the system" in general—and millions of them have done time in prison and have cast aside many social norms. Sadly, too many of these men are unsure what it means to be a man in contemporary society. Wives or partners reject them; children are estranged from them; and family, friends, and neighbors are embarrassed by them. Many have disappeared into a netherworld of drugs, alcohol, poor health, loneliness, misogyny, economic insecurity, online gaming, pornography, other off-the-grid corners of the internet, and a fantasy world of starting their own business or even writing the Great American novel. Most of the men described in this book are poorly educated, with low incomes and often with very few prospects for rewarding employment. They are also disproportionately found among millennials, those over 50, and African American men. Increasingly, however, these lost men are discovered even in tony suburbs and throughout the nation. It is a myth that men on the outer corners of society are only lower-middle-class white men dislocated by technology and globalization. Unlike those who primarily blame an unjust economy, government policies, or a culture sanctioning "laziness," Man Out explores the complex interplay between economics and culture. It rejects the politically charged dichotomy of seeing such men as either victims or culprits. These men are hurting, and in turn they are hurting families and hurting America. It is essential to address their problems. Man Out draws on a wide range of data and existing research as well as interviews with several hundred men, women, and a wide variety of economists and other social scientists, social service providers and physicians, and with employers, through a national online survey and in-depth fieldwork in several communities.
Arming the Nation for War
Author: Robert P. Patterson
Publisher: Univ. of Tennessee Press
ISBN: 1621900827
Category : History
Languages : en
Pages : 358
Book Description
A decorated World War I veteran, Federal Judge Robert P. Patterson knew all too well the needs of soldiers on the battlefield. He was thus dismayed by America’s lack of military preparedness when a second great war engulfed Europe in 1939–40. With the international crisis worsening, Patterson even resumed military training—as a forty-nine-yearold private—before being named assistant secretary of war in July 1940. That appointment set the stage for Patterson’s central role in the country’s massive mobilization and supply effort which helped the Allies win World War II. In Arming the Nation for War, a previously unpublished account long buried among the late author’s papers and originally marked confidential, Patterson describes the vast challenges the United States faced as it had to equip, in a desperately short time, a fighting force capable of confronting a formidable enemy. Brimming with data and detail, the book also abounds with deep insights into the myriad problems encountered on the domestic mobilization front—including the sometimes divergent interests of wartime planners and industrial leaders—along with the logistical difficulties of supplying far-flung theaters of war with everything from ships, planes, and tanks to food and medicine. Determined to remind his contemporaries of how narrow the Allied margin of victory was and that the war’s lessons not be forgotten, Patterson clearly intended the manuscript (which he wrote between 1945 and ’47, when he was President Truman’s secretary of war) to contribute to the postwar debates on the future of the military establishment. That passage of the National Security Act of 1947, to which Patterson was a key contributor, answered many of his concerns may explain why he never published the book during his lifetime. A unique document offering an insider’s view of a watershed historical moment, Patterson’s text is complemented by editor Brian Waddell’s extensive introduction and notes. In addition, Robert M. Morgenthau, former Manhattan district attorney and a protégé of Patterson’s for four years prior to the latter’s death in a 1952 plane crash, offers a heartfelt remembrance of a man the New York Herald-Tribune called “an example of the public-spirited citizen.”
Publisher: Univ. of Tennessee Press
ISBN: 1621900827
Category : History
Languages : en
Pages : 358
Book Description
A decorated World War I veteran, Federal Judge Robert P. Patterson knew all too well the needs of soldiers on the battlefield. He was thus dismayed by America’s lack of military preparedness when a second great war engulfed Europe in 1939–40. With the international crisis worsening, Patterson even resumed military training—as a forty-nine-yearold private—before being named assistant secretary of war in July 1940. That appointment set the stage for Patterson’s central role in the country’s massive mobilization and supply effort which helped the Allies win World War II. In Arming the Nation for War, a previously unpublished account long buried among the late author’s papers and originally marked confidential, Patterson describes the vast challenges the United States faced as it had to equip, in a desperately short time, a fighting force capable of confronting a formidable enemy. Brimming with data and detail, the book also abounds with deep insights into the myriad problems encountered on the domestic mobilization front—including the sometimes divergent interests of wartime planners and industrial leaders—along with the logistical difficulties of supplying far-flung theaters of war with everything from ships, planes, and tanks to food and medicine. Determined to remind his contemporaries of how narrow the Allied margin of victory was and that the war’s lessons not be forgotten, Patterson clearly intended the manuscript (which he wrote between 1945 and ’47, when he was President Truman’s secretary of war) to contribute to the postwar debates on the future of the military establishment. That passage of the National Security Act of 1947, to which Patterson was a key contributor, answered many of his concerns may explain why he never published the book during his lifetime. A unique document offering an insider’s view of a watershed historical moment, Patterson’s text is complemented by editor Brian Waddell’s extensive introduction and notes. In addition, Robert M. Morgenthau, former Manhattan district attorney and a protégé of Patterson’s for four years prior to the latter’s death in a 1952 plane crash, offers a heartfelt remembrance of a man the New York Herald-Tribune called “an example of the public-spirited citizen.”
General Lesley J. McNair
Author: Mark T. Calhoun
Publisher: University Press of Kansas
ISBN: 0700620699
Category : History
Languages : en
Pages : 432
Book Description
George C. Marshall once called him "the brains of the army." And yet General Lesley J. McNair (1883-1944), a man so instrumental to America's military preparedness and Army modernization, remains little known today, his papers purportedly lost, destroyed by his wife in her grief at his death in Normandy. This book, the product of an abiding interest and painstaking research, restores the general Army Magazine calls one of "Marshall's forgotten men" to his rightful place in American military history. Because McNair contributed so substantially to America's war preparedness, this first complete account of his extensive and varied career also leads to a reevaluation of U.S. Army effectiveness during WWII. Born halfway between the Civil War and the dawn of the 20th century, Lesley McNair–"Whitey" by his classmates for his blond hair–graduated 11th of 124 in West Point's class of 1904 and rose slowly through the ranks like all officers in the early twentieth century. He was 31 when World War I erupted, 34 and a junior officer when American troops prepared to join the fight. It was during this time, and in the interwar period that followed the end of the First World War, that McNair's considerable influence on Army doctrine and training, equipment development, unit organization, and combined arms fighting methods developed. By looking at the whole of McNair's career–not just his service in WWII as chief of staff, General Headquarters, 1940-1942, and then as commander, Army Ground Forces, 1942-1944–Calhoun reassesses the evolution and extent of that influence during the war, as well as McNair's, and the Army's, wartime performance. This in-depth study tracks the significantly positive impact of McNair's efforts in several critical areas: advanced officer education; modernization, military innovation, and technological development; the field-testing of doctrine; streamlining and pooling of assets for necessary efficiency; arduous and realistic combat training; combined arms tactics; and an increasingly mechanized and mobile force. Because McNair served primarily in staff roles throughout his career and did not command combat formations during WWII, his contribution has never received the attention given to more public–and publicized–military exploits. In its detail and scope, this first full military biography reveals the unique and valuable perspective McNair's generalship offers for the serious student of military history and leadership.
Publisher: University Press of Kansas
ISBN: 0700620699
Category : History
Languages : en
Pages : 432
Book Description
George C. Marshall once called him "the brains of the army." And yet General Lesley J. McNair (1883-1944), a man so instrumental to America's military preparedness and Army modernization, remains little known today, his papers purportedly lost, destroyed by his wife in her grief at his death in Normandy. This book, the product of an abiding interest and painstaking research, restores the general Army Magazine calls one of "Marshall's forgotten men" to his rightful place in American military history. Because McNair contributed so substantially to America's war preparedness, this first complete account of his extensive and varied career also leads to a reevaluation of U.S. Army effectiveness during WWII. Born halfway between the Civil War and the dawn of the 20th century, Lesley McNair–"Whitey" by his classmates for his blond hair–graduated 11th of 124 in West Point's class of 1904 and rose slowly through the ranks like all officers in the early twentieth century. He was 31 when World War I erupted, 34 and a junior officer when American troops prepared to join the fight. It was during this time, and in the interwar period that followed the end of the First World War, that McNair's considerable influence on Army doctrine and training, equipment development, unit organization, and combined arms fighting methods developed. By looking at the whole of McNair's career–not just his service in WWII as chief of staff, General Headquarters, 1940-1942, and then as commander, Army Ground Forces, 1942-1944–Calhoun reassesses the evolution and extent of that influence during the war, as well as McNair's, and the Army's, wartime performance. This in-depth study tracks the significantly positive impact of McNair's efforts in several critical areas: advanced officer education; modernization, military innovation, and technological development; the field-testing of doctrine; streamlining and pooling of assets for necessary efficiency; arduous and realistic combat training; combined arms tactics; and an increasingly mechanized and mobile force. Because McNair served primarily in staff roles throughout his career and did not command combat formations during WWII, his contribution has never received the attention given to more public–and publicized–military exploits. In its detail and scope, this first full military biography reveals the unique and valuable perspective McNair's generalship offers for the serious student of military history and leadership.
Where Men Win Glory
Author: Jon Krakauer
Publisher: Anchor
ISBN: 030738604X
Category : Biography & Autobiography
Languages : en
Pages : 482
Book Description
NATIONAL BESTSELLER • A "gripping book about this extraordinary man who lived passionately and died unnecessarily" (USA Today) in post-9/11 Afghanistan, from the bestselling author of Into the Wild and Into Thin Air. In 2002, Pat Tillman walked away from a multimillion-dollar NFL contract to join the Army and became an icon of American patriotism. When he was killed in Afghanistan two years later, a legend was born. But the real Pat Tillman was much more remarkable, and considerably more complicated than the public knew. Sent first to Iraq—a war he would openly declare was “illegal as hell” —and eventually to Afghanistan, Tillman was driven by emotionally charged, sometimes contradictory notions of duty, honor, justice, and masculine pride, and he was determined to serve his entire three-year commitment. But on April 22, 2004, his life would end in a barrage of bullets fired by his fellow soldiers. Though obvious to most of the two dozen soldiers on the scene that a ranger in Tillman’s own platoon had fired the fatal shots, the Army aggressively maneuvered to keep this information from Tillman’s family and the American public for five weeks following his death. During this time, President Bush used Tillman’s name to promote his administration’ s foreign policy. Long after Tillman’s nationally televised memorial service, the Army grudgingly notified his closest relatives that he had “probably” been killed by friendly fire while it continued to dissemble about the details of his death and who was responsible. Drawing on Tillman’s journals and letters and countless interviews with those who knew him and extensive research in Afghanistan, Jon Krakauer chronicles Tillman’s riveting, tragic odyssey in engrossing detail highlighting his remarkable character and personality while closely examining the murky, heartbreaking circumstances of his death. Infused with the power and authenticity readers have come to expect from Krakauer’s storytelling, Where Men Win Glory exposes shattering truths about men and war. This edition has been updated to reflect new developments and includes new material obtained through the Freedom of Information Act.
Publisher: Anchor
ISBN: 030738604X
Category : Biography & Autobiography
Languages : en
Pages : 482
Book Description
NATIONAL BESTSELLER • A "gripping book about this extraordinary man who lived passionately and died unnecessarily" (USA Today) in post-9/11 Afghanistan, from the bestselling author of Into the Wild and Into Thin Air. In 2002, Pat Tillman walked away from a multimillion-dollar NFL contract to join the Army and became an icon of American patriotism. When he was killed in Afghanistan two years later, a legend was born. But the real Pat Tillman was much more remarkable, and considerably more complicated than the public knew. Sent first to Iraq—a war he would openly declare was “illegal as hell” —and eventually to Afghanistan, Tillman was driven by emotionally charged, sometimes contradictory notions of duty, honor, justice, and masculine pride, and he was determined to serve his entire three-year commitment. But on April 22, 2004, his life would end in a barrage of bullets fired by his fellow soldiers. Though obvious to most of the two dozen soldiers on the scene that a ranger in Tillman’s own platoon had fired the fatal shots, the Army aggressively maneuvered to keep this information from Tillman’s family and the American public for five weeks following his death. During this time, President Bush used Tillman’s name to promote his administration’ s foreign policy. Long after Tillman’s nationally televised memorial service, the Army grudgingly notified his closest relatives that he had “probably” been killed by friendly fire while it continued to dissemble about the details of his death and who was responsible. Drawing on Tillman’s journals and letters and countless interviews with those who knew him and extensive research in Afghanistan, Jon Krakauer chronicles Tillman’s riveting, tragic odyssey in engrossing detail highlighting his remarkable character and personality while closely examining the murky, heartbreaking circumstances of his death. Infused with the power and authenticity readers have come to expect from Krakauer’s storytelling, Where Men Win Glory exposes shattering truths about men and war. This edition has been updated to reflect new developments and includes new material obtained through the Freedom of Information Act.
Vanished
Author: Wil S. Hylton
Publisher: Penguin
ISBN: 1101616253
Category : History
Languages : en
Pages : 278
Book Description
From a mesmerizing storyteller, the gripping search for a missing World War II crew, their bomber plane, and their legacy. In the fall of 1944, a massive American bomber carrying eleven men vanished over the Pacific islands of Palau, leaving a trail of mysteries. According to mission reports from the Army Air Forces, the plane crashed in shallow water—but when investigators went to find it, the wreckage wasn’t there. Witnesses saw the crew parachute to safety, yet the airmen were never seen again. Some of their relatives whispered that they had returned to the United States in secret and lived in hiding. But they never explained why. For sixty years, the U.S. government, the children of the missing airmen, and a maverick team of scientists and scuba divers searched the islands for clues. With every clue they found, the mystery only deepened. Now, in a spellbinding narrative, Wil S. Hylton weaves together the true story of the missing men, their final mission, the families they left behind, and the real reason their disappearance remained shrouded in secrecy for so long. This is a story of love, loss, sacrifice, and faith—of the undying hope among the families of the missing, and the relentless determination of scientists, explorers, archaeologists, and deep-sea divers to solve one of the enduring mysteries of World War II.
Publisher: Penguin
ISBN: 1101616253
Category : History
Languages : en
Pages : 278
Book Description
From a mesmerizing storyteller, the gripping search for a missing World War II crew, their bomber plane, and their legacy. In the fall of 1944, a massive American bomber carrying eleven men vanished over the Pacific islands of Palau, leaving a trail of mysteries. According to mission reports from the Army Air Forces, the plane crashed in shallow water—but when investigators went to find it, the wreckage wasn’t there. Witnesses saw the crew parachute to safety, yet the airmen were never seen again. Some of their relatives whispered that they had returned to the United States in secret and lived in hiding. But they never explained why. For sixty years, the U.S. government, the children of the missing airmen, and a maverick team of scientists and scuba divers searched the islands for clues. With every clue they found, the mystery only deepened. Now, in a spellbinding narrative, Wil S. Hylton weaves together the true story of the missing men, their final mission, the families they left behind, and the real reason their disappearance remained shrouded in secrecy for so long. This is a story of love, loss, sacrifice, and faith—of the undying hope among the families of the missing, and the relentless determination of scientists, explorers, archaeologists, and deep-sea divers to solve one of the enduring mysteries of World War II.
The Washington War
Author: James Lacey
Publisher: Bantam
ISBN: 0345547608
Category : History
Languages : en
Pages : 594
Book Description
A Team of Rivals for World War II—the inside story of how FDR and the towering personalities around him waged war in the corridors of Washington, D.C., to secure ultimate victory on the battlefields of Europe and the Pacific. The Washington War is the story of how the Second World War was fought and won in the capital’s halls of power—and how the United States, which in December 1941 had a nominal army and a decimated naval fleet, was able in only thirty months to fling huge forces onto the European continent and shortly thereafter shatter Imperial Japan’s Pacific strongholds. Three quarters of a century after the overwhelming defeat of the totalitarian Axis forces, the terrifying, razor-thin calculus on which so many critical decisions turned has been forgotten—but had any of these debates gone the other way, the outcome of the war could have been far different: The army in August 1941, about to be disbanded, saved by a single vote. Production plans that would have delayed adequate war matériel for years after Pearl Harbor, circumvented by one uncompromising man’s courage and drive. The delicate ballet that precluded a separate peace between Stalin and Hitler. The almost-adopted strategy to stage D-Day at a fatally different time and place. It was all a breathtakingly close-run thing, again and again. Renowned historian James Lacey takes readers behind the scenes in the cabinet rooms, the Pentagon, the Oval Office, and Hyde Park, and at the pivotal conferences—Campobello Island, Casablanca, Tehran—as these disputes raged. Here are colorful portraits of the great figures—and forgotten geniuses—of the day: New Dealers versus industrialists, political power brokers versus the generals, Churchill and the British high command versus the U.S. chiefs of staff, innovators versus entrenched bureaucrats . . . with the master manipulator, Franklin Delano Roosevelt, at the center, setting his brawling patriots one against the other and promoting and capitalizing on the furious turf wars. Based on years of research and extensive, previously untapped archival resources, The Washington War is the first integrated, comprehensive chronicle of how all these elements—and towering personalities—clashed and ultimately coalesced at each vital turning point, the definitive account of Washington at real war and the titanic political and bureaucratic infighting that miraculously led to final victory.
Publisher: Bantam
ISBN: 0345547608
Category : History
Languages : en
Pages : 594
Book Description
A Team of Rivals for World War II—the inside story of how FDR and the towering personalities around him waged war in the corridors of Washington, D.C., to secure ultimate victory on the battlefields of Europe and the Pacific. The Washington War is the story of how the Second World War was fought and won in the capital’s halls of power—and how the United States, which in December 1941 had a nominal army and a decimated naval fleet, was able in only thirty months to fling huge forces onto the European continent and shortly thereafter shatter Imperial Japan’s Pacific strongholds. Three quarters of a century after the overwhelming defeat of the totalitarian Axis forces, the terrifying, razor-thin calculus on which so many critical decisions turned has been forgotten—but had any of these debates gone the other way, the outcome of the war could have been far different: The army in August 1941, about to be disbanded, saved by a single vote. Production plans that would have delayed adequate war matériel for years after Pearl Harbor, circumvented by one uncompromising man’s courage and drive. The delicate ballet that precluded a separate peace between Stalin and Hitler. The almost-adopted strategy to stage D-Day at a fatally different time and place. It was all a breathtakingly close-run thing, again and again. Renowned historian James Lacey takes readers behind the scenes in the cabinet rooms, the Pentagon, the Oval Office, and Hyde Park, and at the pivotal conferences—Campobello Island, Casablanca, Tehran—as these disputes raged. Here are colorful portraits of the great figures—and forgotten geniuses—of the day: New Dealers versus industrialists, political power brokers versus the generals, Churchill and the British high command versus the U.S. chiefs of staff, innovators versus entrenched bureaucrats . . . with the master manipulator, Franklin Delano Roosevelt, at the center, setting his brawling patriots one against the other and promoting and capitalizing on the furious turf wars. Based on years of research and extensive, previously untapped archival resources, The Washington War is the first integrated, comprehensive chronicle of how all these elements—and towering personalities—clashed and ultimately coalesced at each vital turning point, the definitive account of Washington at real war and the titanic political and bureaucratic infighting that miraculously led to final victory.
GDP
Author: Diane Coyle
Publisher: Princeton University Press
ISBN: 1400873630
Category : Business & Economics
Languages : en
Pages : 181
Book Description
How GDP came to rule our lives—and why it needs to change Why did the size of the U.S. economy increase by 3 percent on one day in mid-2013—or Ghana's balloon by 60 percent overnight in 2010? Why did the U.K. financial industry show its fastest expansion ever at the end of 2008—just as the world’s financial system went into meltdown? And why was Greece’s chief statistician charged with treason in 2013 for apparently doing nothing more than trying to accurately report the size of his country’s economy? The answers to all these questions lie in the way we define and measure national economies around the world: Gross Domestic Product. This entertaining and informative book tells the story of GDP, making sense of a statistic that appears constantly in the news, business, and politics, and that seems to rule our lives—but that hardly anyone actually understands. Diane Coyle traces the history of this artificial, abstract, complex, but exceedingly important statistic from its eighteenth- and nineteenth-century precursors through its invention in the 1940s and its postwar golden age, and then through the Great Crash up to today. The reader learns why this standard measure of the size of a country’s economy was invented, how it has changed over the decades, and what its strengths and weaknesses are. The book explains why even small changes in GDP can decide elections, influence major political decisions, and determine whether countries can keep borrowing or be thrown into recession. The book ends by making the case that GDP was a good measure for the twentieth century but is increasingly inappropriate for a twenty-first-century economy driven by innovation, services, and intangible goods.
Publisher: Princeton University Press
ISBN: 1400873630
Category : Business & Economics
Languages : en
Pages : 181
Book Description
How GDP came to rule our lives—and why it needs to change Why did the size of the U.S. economy increase by 3 percent on one day in mid-2013—or Ghana's balloon by 60 percent overnight in 2010? Why did the U.K. financial industry show its fastest expansion ever at the end of 2008—just as the world’s financial system went into meltdown? And why was Greece’s chief statistician charged with treason in 2013 for apparently doing nothing more than trying to accurately report the size of his country’s economy? The answers to all these questions lie in the way we define and measure national economies around the world: Gross Domestic Product. This entertaining and informative book tells the story of GDP, making sense of a statistic that appears constantly in the news, business, and politics, and that seems to rule our lives—but that hardly anyone actually understands. Diane Coyle traces the history of this artificial, abstract, complex, but exceedingly important statistic from its eighteenth- and nineteenth-century precursors through its invention in the 1940s and its postwar golden age, and then through the Great Crash up to today. The reader learns why this standard measure of the size of a country’s economy was invented, how it has changed over the decades, and what its strengths and weaknesses are. The book explains why even small changes in GDP can decide elections, influence major political decisions, and determine whether countries can keep borrowing or be thrown into recession. The book ends by making the case that GDP was a good measure for the twentieth century but is increasingly inappropriate for a twenty-first-century economy driven by innovation, services, and intangible goods.
Our Paper
Author:
Publisher:
ISBN:
Category : Juvenile delinquency
Languages : en
Pages : 662
Book Description
Publisher:
ISBN:
Category : Juvenile delinquency
Languages : en
Pages : 662
Book Description