Wartime Prosperity? A Reassessment of the U.S. Economy in the 1940s
重新评估二战期间美国经济表现,指出标准宏观经济指标因战时指令经济而失真,认为战时消费者福利实际下降,战后才恢复真正繁荣。
Relying on standard measures of macroeconomic performance, historians and economists believe that “war prosperity” prevailed in the United States during World War II. This belief is ill-founded, because it does not recognize that the United States had a command economy during the war. From 1942 to 1946 some macroeconomic performance measures are statistically inaccurate; others are conceptually inappropriate. A better grounded interpretation is that during the war the economy was a huge arsenal in which the well-being of consumers deteriorated. After the war genuine prosperity returned for the first time since 1929.