World War II is a weirdly neglected topic in US economic history. Lots written about the Depression, of course, and then we seem to skip straight to the postwar period. But there’s a lot to learn from the wartime experience, including some important lessons for today’s debates around potential output and the responsiveness of labor force participation and productivity to demand conditions. Wilson’s book is not helpful on those particular questions, but it has a lot of interesting material on its own topic of how relations between private business and government shifted during the war. Anyway, you can read the review here.
Review of Mark Wilson’s Destructive Creation
October 12, 2017
Article Categories:Macroeconomics Blogs