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

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By Marc Levinson *85

Published Jan. 12, 2017

The economic collapse of the 1970s was a turning point in global economics — and its repercussions are still shaping the economy today. Marc Levinson *85’s An Extraordinary Time (Random House Business) examines how policymakers rebuilt the economy from the ruins of World War II, ushering in an era of unprecedented prosperity, and how a series of shocks triggered the collapse of that system and the arrival of the political polarization and sluggish growth we face today. Levinson, an economist, historian, and journalist, is also the author of The Great A&P and the Struggle for Small Business in America, The Box, and The Economist Guide to Financial Markets.

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The cover of PAW’s April, 2025, issue, featuring a photo of three soldiers in World War II uniforms reading PAW.
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