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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The World Economy: History & Prospect

The World Economy: History & Prospect

Rostow, W. W.

Paperback

Economics

ISBN10: 0292790163
ISBN13: 9780292790162
Publisher: Univ Of Texas Pr
Published: Apr 1 1978
Pages: 878
Weight: 3.39
Height: 1.74 Width: 7.44 Depth: 9.69
Language: English

This monumental study is an account of the world economy from the eighteenth century to the twentieth, an analysis and prescription for the future, and a challenge to the neo-Keynesian theories of income determination and growth. It is based on some forty years of research and teaching.

Originally published in 1978, the volume looks back over the nineteenth and twentieth centuries. It includes an analysis of how the world's population expanded from about 1 billion in 1800 to 4 billion in 1976, with some 6.5 billion in sight for the year 2000; an account of the expansion and distribution of industrial production and trade during this period; and an analysis of price and relative price movements since the eighteenth century. Rostow gives a detailed description of the Kondratieff long cycles in the relative scarcity and abundance of food and raw materials and reasons that the world economy entered the fifth Kondratieff upswing at the close of 1972. He also examines the changing pattern of business cycles over the whole sweep of modern economic growth and the failure of the post-1945 world economy to control inflation. The volume also includes short economic histories of twenty national economies responsible for 80 percent of the world's production, based on a collection of computerized aggregate and sectoral data.

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