An historical analysis of postwar economic development in the USA. The study describes the postwar institutional framework, and the stresses which emerged within it. It focuses on both domestic and international macroeconomic trends along with relations between organized labour and business.

The book provides an historical analysis of postwar economic development to help the student to understand the current economic position. It describes the postwar institutional framework, and stresses and strains which emerged within it, focussing on domestic and international macroeconomic trends, federal governmental macroeconomic and social policy, relations between organised labour and business and the developments in the labour force as a whole. Basic economic concepts are introduced and explained throughout.

Editors' Preface - Preface - PART I: INTRODUCTION - Introduction - Economic Mobilization for Survival, 1940-1960 - PART II: THE MAKING OF AN INSTITUTIONAL FRAMEWORK, 1945-1960 - Macroeconomic Policy, Economic Instability and Economic Growth - Business-Labor Relations: Conflict Amidst Stability - From Dollar Shortage to Dollar Glut - PART III: STRAINS DEVELOPING WITHIN THE INSTITUTIONAL FRAMEWORK, 1960-1971 - From Guideposts to Controls: The Rise and Fall of Keynesian Demand Management - Standoff at the Workplace - The Persistence of Inequality and the Limits of Liberal Policy - The Dollar: No Longer as Good as Gold - PART IV: THE UNMAKING OF AN INSTITUTIONAL FRAMEWORK AND THE RECREATION OF ANOTHER, 1971-2000 - Stagflation, 1971-1980 - The Economic and Political Stalemate, 1971-1980 - Restructuring the Economy: The Market-Based Conservative Strategy, 1981-1992 - Toward the 21st Century: A Reinvigorated Economy, 1993-2000 - Bibliography - Index