Review of Mark Wilson’s Destructive Creation

October 12, 2017
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The new issue of Dissent has a review by me of Mark Wilson’s Destructive Creation: American Business and the Winning of World War II. (At the Dissent site the review is still paywalled.)

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.

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