An Extraordinary Time: The End of the Postwar Boom and the Return of the Ordinary Economy

This is yet another book about the idea that we are in a period of stagnation in terms of economic improvement for the average western person. Although it was enjoyable, as a book it didn’t make a strong argument. Most of the book is (admittedly fascinating) historical tidbits about technological development, mostly in the 20th century leading up to the 1970s. Levinson’s perspective ultimately agrees with that of Robert Gordon and Tyler Cowen, at least to the extent that they all blame the nature of post-1970s technology for the failure to improve the average person’s life. And, like, the others, Levinson has hope that a few technologies on deck (e.g. self-driving cars) will reverse that trend.

An Extraordinary Time (Levinson)

Leave a Reply

Your email address will not be published. Required fields are marked *