PAST AND FUTURE OF AMERICA'S ECONOMY: LONG WAVES OF INNOVATION THAT POWER CYCLES OF GROWTH

"Throughout American history, periodic cycles of economic change have fundamentally reordered the way we work, the organization of business and markets, the role of government, and even the nature of politics. If we are to control our future, we must understand this process of change." "Robert Atkinson examines this process of change over the past 150 years and explores the responses of people and institutions. The book then analyzes today's New Economy, including the technology system, and effects on markets, organizations, workers, and governance. Taking into account the historical record, the book discusses the shortcomings of prevailing liberal and conservative economic doctrines and lays out a new growth economics agenda aimed at maximizing the productivity-enhancing forces of the New Economy." "Anyone interested in American history as well as the future contours of our economy will find Dr. Atkinson's analyses a guide to the past and a provocative challenge for the future. Economists, business leaders, scholars, and economic policymakers will find it a necessary addition to the literature on economic cycles and growth economics."--Jacket.