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This paper examines the interwar housing cycle in comparison to what transpired in the United States between 2001 and 2011. The 1920s experienced a boom in construction and prolonged retardation in building in the 1930s, resulting in a swing in residential construction's share of GDP, and its...
Persistent link: https://www.econbiz.de/10012459866
This bold re-examination of the history of U.S. economic growth is built around a novel claim, that productive capacity grew dramatically across the Depression years (1929-1941) and that this advance provided the foundation for the economic and military success of the United States during the...
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This paper examines the interwar housing cycle in comparison to what transpired in the United States between 2001 and 2011. The 1920s experienced a boom in construction and prolonged retardation in building in the 1930s, resulting in a swing in residential construction's share of GDP, and its...
Persistent link: https://www.econbiz.de/10010969395
In spite of its checkered intellectual history, and in spite of the myriad proposals ofalternative models that claim to account for the broad range of human behavior and todispense with the need for selection above the organism level, a multilevel selectionframework remains the only coherent...
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