It takes the average reader 8 hours and 2 minutes to read The Economic Consequences of U.S. Mobilization for the Second World War by Alexander J. Field
Assuming a reading speed of 250 words per minute. Learn more
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.
The Economic Consequences of U.S. Mobilization for the Second World War by Alexander J. Field is 468 pages long, and a total of 120,744 words.
This makes it 158% the length of the average book. It also has 148% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 10 hours and 59 minutes to read The Economic Consequences of U.S. Mobilization for the Second World War aloud.
The Economic Consequences of U.S. Mobilization for the Second World War is suitable for students ages 12 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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