This note, while acknowledging the reality of deindustrialization, addresses the question of whether the perceptions of the American public in regard to the matter have been exaggerated relative to the actuality of deindustrialization as evidenced in the statistics. Acknowledging the possibility...

This note compares the recent economic performance of the world at large (particularly with the exception of China set aside) to that of Japan in its "lost decades. On the basis of the GDP growth rate observed since the 2007 financial crisis, and the apparent imminence of a possibly severe...

This working paper uses the available Bureau of Economic Analysis data on value added in the U.S. state of Michigan to develop a picture of its deindustrialization. This details the protracted and severe decline in the state's output of heavy industrial durables, particularly those relevant to...

Extending the author's prior researches regarding the trend of economic growth in the twenty-first century; and in particular the indications of contracting Gross World Product (GWP) since 2012 when the current dollar figures are adjusted using the Consumer Price Index (CPI), in contrast with...

This note, a follow-up to the author's earlier "The Declining Economic Viability of the Single-Income Household: A Note on the Fortunes of the Middle Class" considers U.S. average and median hourly wages for nonsupervisory and production employees alongside the annual income data utilized in the...

This note offers a brief consideration of the quantitative data regarding U.S. manufacturing's net output (i.e. "value added") in aggregate and per capita terms, and shows that while some of the relevant data give an impression of strength, the long-term trend with regard to output, assets and...

It is a commonplace among analysts of economic growth that the record of the past half-century compares poorly with the mid-century period of boom--with those analysts offering an assortment of explanations, by and large claiming the existence of various factors present at mid-century and...

This working paper, a follow-up to "Keynesian Fordism and Neoliberal Financialization: A Comparison of Economic Models," moves from that paper's prior emphasis on describing the economic model associated with "financialization" to considering the matter quantitatively, examining the patterns of...

This working paper considers the global redistribution of economic power and defense spending between the 1990s and 2020s--with a focus on the U.S., China and Russia--on the basis of World Bank data, and its implications for the military balance today

The importance of U.S. military expenditure as an economic stimulus, particularly between the 1940s and the 1970s, is well-established in economic historiography, if often treated casually. This note offers a qualitative consideration of its global consequence by considering U.S. defense...