By John Kenneth Galbraith
A popular economist provides an obtainable, far-reaching background of the century's economics from international warfare I and the Russian Revolution, during the melancholy and Keynesian thought, to colonialism's cave in and the increase of the 3rd global.
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Extra resources for A Journey Through Economic Time: A Firsthand View
The Peace, II 142 16. The Good Years 150 17. Decolonization, Economic Development 158 18. The Kennedy Initiative 168 19. The War on Poverty and the War 179 20. The Dim Years 189 Page x 21. Victory from Defeat 198 22. The Reagan Achievement 210 23. The Great Implosion 219 24. The Uncertain Miracle 228 25. The Last Chapter 238 Index 247 Page xi Introduction As this book appears, it is sixty-one years since I began teaching economics. During this time, nearly two-thirds of the twentieth century, I have also been a more than occasional participant in economic policymaking, a fairly frequent commentator on and interpreter of economic life and, over all this time, an actively concerned observer.
Eugene D. Genovese, "The Significance of the Slave Plantation for Southern Economic Development," in The Political Economy of Slavery: Studies in the Economy and Society of the Slave South (New York: Pantheon Books, 1965), p. 158. Page 19 advanced and powerful North was remarkably similar to Germany's reckless proclamation of unrestricted submarine warfare on January 31, 1917, and the attack on Pearl Harbor by a highly traditionalist Japan on December 7, 1941. On the whole, industrial democracy served the United States, if not perfectly, at least better than it did the feudal residue in Europe.
Here clearly the human cost of ignorance. That the landed territory of the United States did not suffer any physical damage in the First World War, as again in World War II, has been often remarked. Also the American participation in the First Wara year and a halfwas relatively brief. But most important, the United States, in lesser measure even than France and Britain and in marked contrast with Germany, Austria-Hungary, the other Eastern European countries and Imperial Russia, did not have an economic and associated political system that was at risk.
A Journey Through Economic Time: A Firsthand View by John Kenneth Galbraith