ABSTRACT:
The Past and Future of America's Economy: Long Waves of Innovation that Power Cycles of Growth (Edward Elgar, 2005). The book focuses on how periodic cycles of technological and economic change have fundamentally reordered the way we work, the organization of business and markets, and the
role of government. It examines this process of change over the past 150 years and explores the responses of people and institutions. The book then analyzes today's New Economy, including the new information technology system, and effects on markets, organizations, workers, and governance.
Taking into account the historical record, the book discusses the shortcomings of prevailing liberal and conservative economic doctrines and lays out a new growth economics agenda aimed at maximizing the productivity and innovation-enhancing forces of the New Economy.
