Description

Book Synopsis

During the 1980s and 1990s, European economies went through a period of slowing economic growth and high unemployment, what some economists described as “secular decline.” On the other side of the Atlantic, the United States enjoyed a robust recovery during those years by reducing taxes, eliminating regulations on business, and tightening monetary policy.

Now, after two decades of subpar growth, the question is whether or not the American economy has entered into its own era of secular decline.

This Broadside examines this troubling development, recognizing that there are no easy solutions to the problem. Lacking workable solutions, Americans will have to adjust to a future of slow economic growth, with all that implies for inter-generational progress, American strength abroad and political conflict at home.

The Growth Deficit

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Order before 4pm today for delivery by Mon 12 Jan 2026.

A Paperback / softback by James Piereson

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    View other formats and editions of The Growth Deficit by James Piereson

    Publisher: Encounter Books,USA
    Publication Date: 15/12/2022
    ISBN13: 9781641773348, 978-1641773348
    ISBN10: 1641773340
    Also in:
    Economics, Finance, and Business

    Description

    Book Synopsis

    During the 1980s and 1990s, European economies went through a period of slowing economic growth and high unemployment, what some economists described as “secular decline.” On the other side of the Atlantic, the United States enjoyed a robust recovery during those years by reducing taxes, eliminating regulations on business, and tightening monetary policy.

    Now, after two decades of subpar growth, the question is whether or not the American economy has entered into its own era of secular decline.

    This Broadside examines this troubling development, recognizing that there are no easy solutions to the problem. Lacking workable solutions, Americans will have to adjust to a future of slow economic growth, with all that implies for inter-generational progress, American strength abroad and political conflict at home.

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