The Past two years have been an unhappy and uncertain time for the once-unstoppable U.S. economy.The doc-com bubble has burst,the major stock indexes have lost hundreds of billions of dollars of value,there is a crisis of confidence in corporate governance,and the economy as w whole is growing sluggishly if at all.these developments have many people asking questions they thought we'd already answered:What makes economies grow?How can we get ours healthy again? There are any number of one-dimensional answers to be had.som focus on the national savings rate.Others take for granted that growth is driven by new technologies.In his new book,New Youk Times Columnist Jeff madrick argues that these factors are not as dominant as many believe and all the emphasis they receive leads us to ignore other crucial factors.The most important of those neglected is the strength of market demand itself. The surprising thesis at the heart of Why Economies Grow is that the process of growthd is far more complex than most pundits,business journalista,and even economists believe.But it can be understood.Madrick re-examines the 1990s in light of earlier booms,shows why technology did not give rise to a "new economy,"and tells what we need to do to restore rapid growth to the U.S. economy. His orginal take on economic vitality,from the middle ages to the present ,will surprise and inform everyone,and unsettle many.Avoiding the simplistic interpretations that now dominate economic discussion,Madrick proposes as economic agenda for the nation that is both historically ewl-founded and sharply different from the current one:an agenda that is led by government and that stresses the breadth and complexity of real growth.
作者简介:Formerly the financial editor of Business Week and a commentator for NBC news,JEFF MADRICK is a monthly columnist for the new york Times "Economic Scene"and a frequent essayist for the New York Review of Books.He is Editor of Challenge Magazine,an Adjunct Professor of Humanities at Cooper Union,and a Fellow of the Shorenstein Center of Harvard University .His previous books are Taking America(1987)and The End of Affuence(1995),both of which were New York Times Notable Books of the Year.Madrick Lives in New York City. |
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