A Guided Tour of the United States Economy

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A Guided Tour of the United States Economy Promises among the Perils

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Edward L. Whalen

Book Code: Q426

ISBN: 1-56720-426-0

ISBN-13: 978-1-56720-426-1

DOI:

360 pages

Quorum Books

Publication: 11/30/2001

List Price: $110.95 (UK Sterling Price: £65.00)

Availability: Out of stock

Media Type: Hardcover

Trim Size: 6 1/8 x 9 1/4

Subjects:

Reviews:

Whalen's detailed explanation of data series and their interrelationships goes far beyond what readers are likely to get in any textbook. Recommended for upper-division undergraduate through professional collections.
—Choice June 2002

Description: If the past is really prologue, as Whalen maintains, the spectacular growth of the U.S. economy over the last 40 years augurs well for continued prosperity over the next 40 years. Whalen investigates the U.S. economy and the trends and events that created an economic output in 1999 that was 2.5 times greater than what it was in 1959. He shows how economic data are gathered, compiled, analyzed, and reported, and he illustrates what national income and output statistics really mean and how they are constructed. Whalen then looks to the future and finds more promise than peril, documenting his reasons authoritatively and convincingly. A fascinating explication of how the U.S. economy works for well-informed readers, this work will be an important resource for students, scholars, and practitioners throughout the public and private sectors. Despite the many challenges along the way, the U.S. economy has performed with spectacular success. Whalen covers the major events that impacted and continue to shape its performance, including:

Medicare in the 1960s

OPEC and the oil embargo of the 1970s

Reagonomics in the 1980s

the stock market boom of the 1990s

the rise of women in the labor market

changes in sources and uses of personal income

growth of the service sector

the greater reliance on personal income taxes to finance government expenditures

the drop in the rate and amount of personal saving
He uses economic analysis to show how those and other developments affect the economy. Taking a look at the future including the impact of the Government's social insurance programs and their deficits, Whalen projects what the national economy will look like in 2040. Does he foresee disaster? No, and readers will find the reasoning he uses to reach that conclusion both enlightening and fascinating.

Table of Contents:

Preface
The Journey Begins
Getting Personal
Where Our Money Goes
Personal Income in Space and Time
Personal Spending over Time
The Sector We Love to Hate - Part I
The Sector We Love to Hate - Part II
Us and Them
Getting Down to Business
Bringing the Sectors Together
A Glance Behind
A Look Ahead
Selected Bibliography
Index

LC Card Number: 2001031892

LCC Class: HC106

Dewey Class: 330


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