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The Economic Tasks of the Postwar World

Bibliographic Data

ID4453042
AuthorsAlvin H Hansen, Charles P Kindleberger
Year1942
Volume20
Issue3
Pages466
Publication date1942-01-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueForeign Affairs (JOURNAL)
Journal identifiersISSN: 0015-7120 • E-ISSN: 2327-7793
PublisherJSTOR (PUBLISHER)
DOI10.2307/20029168
OpenAlexW2561881330
LanguageEN
Citations received4

can west?its forests and fertile plains, its mineral wealth and latent resources of power ? conjured up a restless spirit of enter prise. There was a will to do among Americans of that period, whether old settlers or fresh arrivals, a will to grow, to build a new society in the New World free from the restrictions upon individual opportunity which had been characteristic of the Old. Average Americans in that age felt little direct concern for the affairs of Europe. They wished merely to live their own lives. To be sure, many Americans still have the habit of thinking in those same terms. But even they are beginning to feel uneasy about it. A second World War after only two decades has come as a rude shock to the conception that we can handle our own affairs without regard to the reactions of other nations, even ones that are far distant according to former terms of measurement. We begin to see that the problems of Europe, and of Asia as well, have become our problems also. The task of the nineteenth century was one of engineering ? to build up productive capacity, to develop physical resources, to construct capital plant and equipment and to train human skills. The task of the twentieth is to create more secure and mutually profitable relations between the peoples of the world. This task calls for equal inventiveness, equal daring and equally bold leadership. And it requires large outlays of the world's resources. Prior to this war the United States spent no less than a billion dollars a year to attain physical security. When this war is over we shall need to spend several billion dollars a year as the Ameri can contribution towards laying the foundations of international security. Much more will be involved in this than merely main taining an adequate military force. Alongside the program for international military security must be set a comprehensive

Development economics · Economic system · Economics · Political economy · Political science · Defense, Military, and Policy Studies

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Unique citing works4
Citations per year0,17
Citation span2002 - 2023 (22)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 3

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