Description
Book SynopsisAccumulation and Power analyses America's economic development across three great waves of economic expansion: the Grand Traverse 1850-1900, the New Era 1916-1929 and the Great Postwar Boom, 1945-1972. Drawing on the work of Keynes, Schumpeter, Marx it departs radically from the new economic history model, focusing instead on capitalist decision making and its social consequences. It argues that the accumulation process is far more important than competitive markets in explaining resource allocation and growth. This innovative book is essential reading for all students and scholars of American economic history.
Table of Contents1. The Flow of Economic History: Accumulation, Monopolization, Competition
2. Accumulation and the Changing Structure of Business, 1790–1860
3. The Grand Traverse of the American Economy, 1865–1900
4. The New Age of Monopolization, 1875–1902
5. Investment, Growth, and Instability: Oligopoly and the Pursuit of Prosperity, 1900–1929
6. Investment, Growth, and Instability: The Great Postwar Boom, 1945–1972
7. Investment, Growth, and Instability: Stagflation and the Corporate Counterattack, 1973–1988
8. Foreign Trade and Foreign Investment: The Road to Hegemony and Back, 1880–1988
9. Economic Growth in the Corporate Era: Trends, Triumphs, Paradoxes
