Showing results for "Consequences" in Americas

The definitive history of the effect of the income tax on the economy.

Called by New York Times columnist David Brooks the "smartest and most devastating" critic of President George W. Bush's Iraq policies, Peter W. Galbraith was the earliest expert to describe Iraq's breakup into religious and ethnic entities, a reality that is now commonly accepted.

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.