What if the Post-War Boom Had Simply Continued?: Notes on an Economic Counterfactual

17 Pages Posted: 29 Apr 2022

Date Written: April 20, 2022

Abstract

This working paper takes up the familiar theme of the decline of Gross Domestic Product and Gross World Product growth since the 1960s, making original calculations from World Bank data to estimate the consequences of a counterfactual continuation of post-war boom-era growth rates, the actual historical trend, and the marked gap between the two. Presented as another way of considering the disparity between past expectations and present realities, the paper relates the lengthy economic stagnation to which the figures testify to the decline of earlier optimism about the future.

Keywords: Economic History, Economic Growth, Gross World Product, Post-War Boom, Neoliberalism, Political Economy, Hauntology

Suggested Citation

Elhefnawy, Nader, What if the Post-War Boom Had Simply Continued?: Notes on an Economic Counterfactual (April 20, 2022). Available at SSRN: https://ssrn.com/abstract=4088460 or http://dx.doi.org/10.2139/ssrn.4088460

Nader Elhefnawy (Contact Author)

Miami-Dade Community College ( email )

300 NE 2nd Ave. Suite 3604
Miami, FL 33132
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
8
Abstract Views
106
PlumX Metrics