An Extraordinary Time by Marc Levinson
The End of the Postwar Boom and the Return of the Ordinary Economy

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Levinson’s admirably evenhanded treatment of recent economic history steers clear of dogmas on both left and right to explore knottier truths.
-Publishers Weekly

Synopsis

In An Extraordinary Time, acclaimed economic historian Marc Levinson recounts the global collapse of the postwar economy in the 1970s. While economists struggle to return us to the high economic growth rates of the past, Levinson counterintuitively argues that the boom years of the 1950s and 1960s were an anomaly; slow economic growth is the norm—no matter what economists and politicians may say. Yet these atypical years left the public with unreasonable expectations of what government can achieve. When the economy failed to revive, suspicion of government and liberal institutions rose sharply, laying the groundwork for the political and economic polarization that we’re still grappling with today.

A sweeping reappraisal of the last sixty years of world history, An Extraordinary Time describes how the postwar economic boom dissipated, undermining faith in government, destabilizing the global financial system, and forcing us to come to terms with how tumultuous our economy really is.
 

About Marc Levinson

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Marc Levinson has a gift for discovering business history stories that cut to the heart of how industries are transformed. He did so brilliantly with The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger, which was short-listed for the 2006 Financial Times and Goldman Sachs Business Book of the Year Award.
 
Published November 8, 2016 by Basic Books. 337 pages
Genres: Business & Economics, History, Political & Social Sciences. Non-fiction
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Critic reviews for An Extraordinary Time
All: 2 | Positive: 2 | Negative: 0

Kirkus

Good
on Sep 08 2016

A cogently argued account that lays bare the similarities and differences between the world today and earlier theoretical shortcomings.

Read Full Review of An Extraordinary Time: The En... | See more reviews from Kirkus

Publishers Weekly

Excellent
on Jun 21 2017

Levinson’s admirably evenhanded treatment of recent economic history steers clear of dogmas on both left and right to explore knottier truths.

Read Full Review of An Extraordinary Time: The En... | See more reviews from Publishers Weekly

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