In the first part of the paper I present such a survey in the form of a statistical anatomy accompanied by a brief narrative of related political and military events. economic history, an analytical survey is in order. 2 Now that it can be viewed as a distinct phase of U.S. Most textbooks devote scant if any space to discussing it. Despite all that has been written by economists, historians, political scientists, and others about the Cold War economy, economic historians have given little attention to it as such. Doing so brought about massive changes in the allocation of resources, with effects on many dimensions of the nations economic performance. Yet, in retrospect, these disasters seem never to have happened, seem never to have been quite real.įor four decades the government of the United States waged the Cold War. Always there has been some terrible evil at home or some monstrous foreign power that was going to gobble us up if we did not blindly rally behind it by furnishing the exorbitant funds demanded. Our government has kept us in a perpetual state of fearkept us in a continuous stampede of patriotic fervorwith the cry of grave national emergency. Single Issues of The Independent Review. Podcast: Independent Outlook / Conversations.International Economics and Development.
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