Who is the author of 'A Great Leap Forward'?

The author of 'A Great Leap Forward' is Alexander J. Field.

What are the main themes in 'A Great Leap Forward'?

The main themes in 'A Great Leap Forward' include Global Economics, Business and Economics, History of Technology, Economic Policy.

What genre is 'A Great Leap Forward'?

'A Great Leap Forward' is categorized as Business and Economics.

What is the main argument presented by Alexander J. Field in 'A Great Leap Forward'?

In 'A Great Leap Forward,' Alexander J. Field argues that the economic growth experienced in the United States during the 20th century, particularly in the decades following World War II, was significantly influenced by technological innovation and the contributions of unmeasured productive sectors. He emphasizes the importance of economic productivity as a result of technological advancements, challenging traditional perspectives on growth that focus solely on quantifiable metrics. Field highlights how advancements in information technology and other industries led to substantial improvements in economic efficiency and output, which he believes are crucial for understanding the broader narrative of U.S. economic history.

What historical period does the book focus on, and why is it significant?

'A Great Leap Forward' by Alexander J. Field focuses on the historical period of the Great Leap Forward in China, which occurred from 1958 to 1962. This period is significant because it was a campaign initiated by the Chinese Communist Party aimed at rapidly transforming China from an agrarian economy into a socialist society through rapid industrialization and collectivization. The campaign resulted in severe economic turmoil and is associated with a catastrophic famine that led to the deaths of millions. Field's analysis explores the economic impacts and lessons learned from this period.

Can you explain the concept of 'technological innovation' as discussed in the book?

In 'A Great Leap Forward,' Alexander J. Field discusses technological innovation in the context of its crucial role in economic growth and productivity improvements during historical periods, particularly in the early 20th century. He explores how innovations—not merely as isolated inventions but as part of broader systems of development—led to significant advances in various industries. Field argues that these innovations were not only a result of individual genius but also the outcome of social collaboration, investments in research and development, and the interplay between different sectors. Additionally, he emphasizes the importance of institutional frameworks and market conditions that supported or hindered technological progress. Overall, Field portrays technological innovation as a dynamic and multifaceted process that has a profound and lasting impact on economic trajectories.

How does Alexander J. Field challenge traditional economic theories in this work?

In 'A Great Leap Forward', Alexander J. Field challenges traditional economic theories by arguing that the standard narratives about the U.S. economic growth during the 20th century overlook critical factors that contributed to this growth. He emphasizes the importance of institutional changes, technological innovations, and the role of collective investment in public goods. Field critiques the conventional wisdom that primarily blames market forces and individual entrepreneurship for economic progress, instead showcasing how government policies and social investments laid the groundwork for sustained economic development.

What impact did the events described in 'A Great Leap Forward' have on modern economic practices?

In 'A Great Leap Forward,' Alexander J. Field examines the economic practices and policies during the Great Leap Forward in China (1958-1962) and their long-term implications. The events underscore the dangers of rapid and poorly planned economic transitions, emphasizing that over-reliance on state-led initiatives can lead to severe misallocation of resources and adverse outcomes. Field's analysis highlighted the importance of gradual reform, informed economic planning, and the need for flexibility in adapting policies based on real-time feedback from the economy. These lessons have shaped contemporary economic practices by advocating for more cautious, evidence-based approaches to economic modernization, particularly in developing economies. Additionally, the book inspired debates on the balance between state intervention and market mechanisms, which continue to influence current discussions on optimal economic governance.

A Great Leap Forward

In 'A Great Leap Forward,' economist Alexander J. Field explores the transformative period of the 20th century that propelled the American economy into unprecedented growth. He challenges conventional narratives, revealing how innovation and industrial advancements reshaped society and spurred unprecedented productivity. Field's intriguing analysis uncovers the interplay between economic theory and real-world events, offering surprising insights into historical trends. Readers are invited to reconsider their understanding of progress and the factors that drive economic change. This thought-provoking journey through economic history will leave you questioning the essence of advancement itself.

By Alexander J. Field

Published: 2011

""Progress isn't just about the numbers; it's about understanding the human journey that shapes our economy and society.""

Business and Economics Global Economics Economic Policy History of Technology

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What Readers Say About This Book

This thoughtful re-examination of the history of US economic growth is built around a novel claim, that potential output grew dramatically across the Depression years and that this advance provided the foundation for the economic and military success of the US during the Second World War as well as the Golden Age that followed.

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Key Points from A Great Leap Forward

In "A Great Leap Forward," Field articulates a compelling critique of the conventional metrics used to gauge economic growth, such as GDP. He argues that these measures often oversimplify and overlook the dynamic elements of innovation and societal transformation that constitute real progress. For instance, he highlights the role of technological advancements in sectors like computing and telecommunications, noting that while these innovations may not always result in immediate increases in GDP, they radically alter consumption patterns and productivity. This distinction is significant because it challenges policymakers and economists to reconsider the criteria by which they judge economic health and success. The broader theme of the book revolves around the interdependence of economic growth and social advancement, suggesting that ignoring the qualitative aspects of growth can lead to misguided policies. By focusing solely on quantifiable data, we risk undervaluing the very innovations that drive long-term sustainability and quality of life improvements. Field's perspective invites a reevaluation of how we define progress, urging a more holistic understanding that embraces both the numbers and the underlying human experiences behind them.

About the Author

Alexander J. Field

Alexander J. Field is a distinguished author and economist known for his insightful analyses of economic theory and historical context. His notable works include 'A Critical History of Economic Theory' and 'The Microeconomics of Complex Economies,' where he explores the intricacies of economic systems and their societal impacts. Field's writing style is characterized by clarity and rigor, making complex economic concepts accessible to a wide audience. His contributions to both scholarly research and popular discourse have earned him recognition as a prominent voice in contemporary economics.

Book Details

Key information about the book.

Authors: Alexander J. Field
Published: January 2011
Publisher: N/A
ISBN: 0300188161
Language: English
Pages: N/A
Genres: Global EconomicsBusiness and EconomicsHistory of TechnologyEconomic Policy

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“"Progress isn't just about the numbers; it's about understanding the human journey that shapes our economy and society."”

A Great Leap Forward

By Alexander J. Field

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Key Points from A Great Leap Forward

In "A Great Leap Forward," Field articulates a compelling critique of the conventional metrics used to gauge economic growth, such as GDP. He argues that these measures often oversimplify and overlook the dynamic elements of innovation and societal transformation that constitute real progress. For instance, he highlights the role of technological advancements in sectors like computing and telecommunications, noting that while these innovations may not always result in immediate increases in GDP, they radically alter consumption patterns and productivity. This distinction is significant because it challenges policymakers and economists to reconsider the criteria by which they judge economic health and success. The broader theme of the book revolves around the interdependence of economic growth and social advancement, suggesting that ignoring the qualitative aspects of growth can lead to misguided policies. By focusing solely on quantifiable data, we risk undervaluing the very innovations that drive long-term sustainability and quality of life improvements. Field's perspective invites a reevaluation of how we define progress, urging a more holistic understanding that embraces both the numbers and the underlying human experiences behind them.

A Great Leap Forward

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What Readers Say About This Book

The Mike & Casey Show

Key Points from A Great Leap Forward

About the Author

Alexander J. Field

Book Details

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Similar books you might like →

Black Edge

The Rise and Fall of American Growth

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Capital

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