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American Economic Development in Historical Perspective

American Economic Development in Historical Perspective

Hardcover

Economics

ISBN10: 0804720843
ISBN13: 9780804720847
Publisher: Stanford Univ Pr
Published: Apr 1 1994
Pages: 340
Weight: 1.44
Height: 0.88 Width: 6.00 Depth: 9.00
Language: English

This collection of twelve essays is based on the premise that a better understanding of the economic development process can be gained by studying the history of those countries that have experienced long-term economic success, in this case the United States during the nineteenth century - that period of U.S. history most pertinent to less developed countries. Two of its contributors, Robert W. Fogel and Douglass North, received the 1993 Nobel Prize for Economics. The essays explore in great detail how the U.S. economy persisted on its upward trajectory in spite of perilous times and events and occasional political crises. They show how complex the experience was, how fluid and fragile the process can be. While the specifics of the American case will not be found everywhere, the complexity and fragility are common to all developing countries.

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Economics