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02497aam a22002778i 4500 001 7C2F4C26BB4F11EE9799A7D243ECA4DB 003 SILO 005 20240125010040 008 230324s2022 ctua f 000|0|eng|d 020 $a 0300251025 020 $a 9780300251029 (hbk.) : 040 $a StDuBDS $b eng $c StDuBDS $e rda $d BTCAT $d SILO 050 4 $a HC106.4 082 04 $a 330.9730917 $2 23 100 1 $a Field, Alexander J., $e author. 245 14 $a The economic consequences of U.S. mobilization for the Second World War / $c Alexander J. Field. 264 1 $a New Haven : $b Yale University Press, $c 2022. 300 $a 472 pages : $b illustrations (black and white) ; $c 24 cm. 520 $a A reminder that war is not always, or even generally, good for long-term growth $b A reminder that war is not always, or even generally, good for long-term growth Many believe that despite its destructive character, war ultimately boosts long-term economic growth. For the United States this view is often supported by appeal to the experience of the Second World War, understood as a triumph of both production and productivity. Alexander Field shows that between 1941 and 1945 manufacturing productivity actually declined, depressed by changes in the output mix and resource shocks from enemy action, including curtailed access to natural rubber and, on the Eastern Seaboard, petroleum. The war forced a shift away from producing goods in which the country had a great deal of experience toward those in which it had little. Learning by doing was only a partial counterbalance to the intermittent idleness and input hoarding that characterized a shortage economy and dragged down productivity. The conflict distorted human and physical capital accumulation and once it ended, America stopped producing most of the new goods. The war temporarily shut down basic scientific research and the ongoing development of civilian goods. U.S. world economic dominance in 1948, Field shows, was due less to the experience of making war goods and more to the country's productive potential in 1941. 650 0 $a World War, 1939-1945 $x Economic aspects $z United States. 650 0 $a Industrial mobilization $z United States $x History $y 20th century. 650 0 $a Manufacturing industries $z United States $x History $y 20th century. 651 0 $a United States $x Economic conditions $y 1918-1945. 941 $a 1 952 $l TYPH572 $d 20240125011029.0 956 $a http://locator.silo.lib.ia.us/search.cgi?index_0=id&term_0=7C2F4C26BB4F11EE9799A7D243ECA4DBInitiate Another SILO Locator Search