Way It Worked and Why It Won't, The: Structural Change and the Slowdown of U.S. Economic Growth
Language: English
Published by Bloomsbury Publishing Plc, 1999
- Hardcover
- Used
Seller: World of Books Inc, Montgomery, IL, U.S.A.World of Books Inc
AbeBooks seller since March 23, 2026
Condition: Used - Good
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A comprehensive description and explanation of the decline of economic growth in the USA. The author argues that this is a natural consequence of economic maturity, but also points out that productivity is still growing within industries and the US economy as a whole.
Seller Inventory # CIN0205172113G
- Title
- Way It Worked and Why It Won't, The: Structural Change and the Slowdown of U.S. Economic Growth
- Author
- Gordon C Bjork
- Publisher
- Bloomsbury Publishing Plc
- Publication year
- 1999
- Condition
- Good
- Binding
- Hardback
- Language
- English
- ISBN 10
- 0275965317
- ISBN 13
- 9780275965310
While the decline of U.S. economic growth has been widely recognized and debated by professional economists, no one has until now offered a comprehensive description and explanation. Professor Bjork does so, and he explains the growth slowdown as a natural consequence of economic maturity.
In addition, Bjork explains how productivity growth occurs within industries and the economy as a whole and how accounting conventions fail to account for growth in expanding sectors of the economy such as services and government. He quantifies the effects of structural change in slowing the rate of growth, and he demonstrates why taxes and transfer payments for the education of the young and the maintenance and health care of the retired population necessarily increase with economic growth and maturity. This is an important synthesis for professional economists and policy makers as well as students and the concerned public.
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World of Books Inc
Montgomery, IL, U.S.A.
AbeBooks seller since March 23, 2026
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