B005HFI0X2 EBOK (65 page)

32.
John F. Kennedy, “Inaugural Address” (speech, Washington, DC, January 20, 1961), http://www.bartleby.com/124/pres56.html (accessed November 2, 2011).

33.
Richard Reeves,
President Nixon: Alone in the White House
(New York: Simon & Schuster, 2001), 341.

34.
Leonard Silk and David Vogel,
Ethics and Profits: The Crisis of Confidence in American Business
(New York: Simon & Schuster, 1976), 21.

35.
Ibid., 59.

36.
Ibid., 57.

37.
Ibid., 189.

38.
Quoted in ibid., 72–73.

39.
Ruttan,
Technology, Growth, and Development
, 330.

40.
Ronald Reagan, “First Inaugural Address” (speech, Washington, DC, January 20, 1981), http://www.freerepublic.com/focus/news/2178758/posts (accessed November 2, 2011).

41.
“January 1965 Economic Report of the President,” Joint Economic Committee, 89th Cong., 1st sess. (Washington, DC: US Government Printing Office, 1965), 13.

42.
Stephen Wallace Taylor, “Technocracy on the March? The Tennessee Valley Authority and the Uses of Technology,” in
Technology, Innovation, and Southern Industrialization: From the Antebellum Era to the Computer Age
, ed. Susanna Delfino and Michele Gillespie (Columbia and London: University of Missouri Press, 2008), 177–78.

43.
Robert M. Collins,
More: The Politics of Growth in Postwar America
(Oxford: Oxford University Press, 2000), 173.

44.
Allan H. Meltzer,
A History of the Federal Reserve
, vol. 2, bk. 2,
1970–1986
(Chicago: University of Chicago Press, 2010), 925.

45.
US Bureau of the Census (1980), table 679.

46.
Peter Temin,
Free Land and Federalism: American Economic Exceptionalism
(Cambridge, MA: MIT Press, 1988), 386; Peter Temin,
The Fall of the Bell System: A Study in Prices and Politics
(New York: Cambridge University Press, 1987).

47.
Steven A. Morrison and Clifford Winston, “The Remaining Role for Government Policy in the Deregulated Airline Industry,” in
Deregulation of Network Industries: What’s Next?
, ed. Sam Peltzman and Clifford Winston
(
Washington, DC: Brookings Institution, 2000), 9.

48.
Jose A. Gomez Ibanez,
Regulating Infrastructure: Monopoly, Contracts and Discretion
(Cambridge, MA: Harvard University Press, 2003), 206–207.

49.
US General Accounting Office, “Airline Competition: High Fares and Reduced Competition at Concentrated Airports,” report GAO/RCED 90–102, July 1990.

50.
Paul Stephen Dempsey, “The Experience of Deregulation: Erosion of the Common Carrier System,”
Transportation Law Institute
13 (1981): 121, 172–75; Paul Stephen Dempsey,
Airline Deregulation and Laissez-Faire Mythology
(Westport, CT: Quorum Books, 1992), 8–9n11.

51.
“The California Crisis: California Timeline,” PBS Frontline Web site, http://www.pbs.org/wgbh/pages/frontline/shows/blackout/california/timeline.html (accessed December 8, 2011).

52.
S. David Freeman testimony, in “Examining Enron: Developments Regarding Electricity Price Manipulation in California,” Hearing Before the Subcommittee on Consumer Affairs, Foreign Commerce, and Tourism of the Committee on Commerce, Science, and Transportation, United States Senate, One Hundred Seventh Congress, Second Session, May 15, 2002 (Washington, DC: US Government Printing Office, 2004).

53.
Michael French,
U.S. Economic History Since 1945
(New York: Manchester University Press, 1997), 138.

54.
Gerald F. Davis,
Managed by the Markets: How Finance Reshaped America
(New York: Oxford University Press, 2009), 114.

55.
Ibid., 119.

56.
Michal Kalecki, “Political Aspects of Full Employment,”
Political Science Quarterly
14 (1943), in Michal Kalecki,
Selected Essays on the Dynamics of the Capitalist Economy
(Cambridge, UK: Cambridge University Press, 1971).

57.
Quoted in Nick Cohen, “Gambling with Our Future,”
New Statesman
, January 13, 2003; Robert Wade, “The Economy Has Not Solved Its Problems,”
Challenge
(March/April 2011): 34.

58.
E. Ray Canterberry,
Wall Street Capitalism: The Theory of the Bondholding Class
(Singapore: World Scientific Publishing, 2000), 89.

59.
Quoted in William Greider,
Secrets of the Temple: How the Federal Reserve Runs the Country
(New York: Simon & Schuster, 1987), 648.

60.
Murphy,
The Weight of the Yen
, 192.

61.
David Hale, “The Japanese Ministry of Finance and Dollar Diplomacy During the Late 1980’s or How the University of Tokyo Law School Saved America from the University of Chicago Economics Department” (unpublished paper, Kemper Financial Services, Chicago, July 1989), 1; quoted in Murphy,
The Weight of the Yen
, 219.

62.
Bruce Bartlett, “Supply-Side Economics: Voodoo Economics or Lasting Contribution?” Laeffer Associates Supply Side Investment Research, November 11, 2003, http://web2.uconn.edu/cunningham/econ309/lafferpdf .pdf (accessed November 2, 2011).

63.
“Rosen Distorted Defense Spending During Carter Presidency,” Colorado Media Matters, January 23, 2007, http://colorado.mediamatters.org/items/200701240002 (accessed November 2, 2011).

CHAPTER 15: AS WE MAY THINK: THE THIRD INDUSTRIAL REVOLUTION

1.
Vannevar Bush,
Science: The Endless Frontier
(Washington, DC: National Science Foundation, 1960 [originally published in 1945]), 10.

2.
The Book of the Record of the Time Capsule
(New York: Westinghouse Electric & Manufacturing Company, 1938);
Official Guide, New York World’s Fair 1964/1965
(New York: Time-Life Books, 1964); “1939 Westinghouse Time Capsule Complete List Contents,”
New York Times
, “Looking Forward, Looking Back,” www.nytimes.com/ specials/magazine3/items.html (accessed December 12, 2011).

3.
Quoted in Charles Thorpe,
Oppenheimer: The Tragic Intellect
(Chicago: University of Chicago Press, 2006), 161.

4.
Vannevar Bush, “As We May Think,”
Atlantic
, July 1945.

5.
James M. Nyce and Paul Kahn,
From Memex to Hypertext: Vannevar Bush and the Mind’s Machine
(New York: Harcourt Brace Jovanovich, 1991), 261.

6.
Quoted in G. Pascal Zachary,
Endless Frontier: Vannevar Bush, Engineer of the American Century
(New York: Free Press, 1997), 356.

7.
Vannevar Bush,
Pieces of the Action
(New York: Morrow, 1970), 31–32.

8.
Franklin Delano Roosevelt,
Whither Bound?
(Boston and New York: Houghton Mifflin, 1926).

9.
Zachary,
Endless Frontier
, 218.

10.
Vannevar Bush,
Science, the Endless Frontier: A Report to the President
by Vannevar Bush, Director of the Office of Scientific Research and Development, July 1945
(Washington, DC: US Government Printing Office, 1945).

11.
Zachary,
Endless Frontier
, 201.

12.
Edward W. Constant II,
The Origins of the Turbojet Revolution
(Baltimore: Johns Hopkins University Press, 1980), 188.

13.
Ibid., 207.

14.
Richard A. Leyes II and William A. Fleming,
The History of North American Small Gas Turbine Aircraft Engines
(Washington, DC: Smithsonian Institution, 1999), 236–37.

15.
John E. Steiner, “Jet Aviation Development: A Company Perspective,” in
The Jet Age: Forty Years of Jet Aviation
, ed. Walter J. Boyne and Donald S. Lopez (Washington, DC: National Air and Space Museum/Smithsonian, 1979), 142; Peter J. Hugill,
Global Communications Since 1844
(Baltimore: Johns Hopkins University Press, 1999), 290.

16.
Vaclav Smil,
Oil: A Beginner’s Guide
(Oxford: Oneworld Publications, 2008), 12.

17.
Gerard J. DeGroot,
Dark Side of the Moon: The Magnificent Madness of the American Lunar Quest
(New York: New York University Press, 2006), 34.

18.
Scientific American
, June 1960.

19.
Hugill,
Global Communications Since 1844
, 233.

20.
Larry Owen, “Vannevar Bush and the Differential Analyzer: The Text and Context of an Early Computer,” in Nyce and Kahn,
From Memex to Hypertext
, 3–5.

21.
Ibid.

22.
Vernon W. Ruttan,
Technology, Growth, and Development: An Induced Innovation Perspective
(New York: Oxford University Press, 2001), 316–17.

23.
Ibid., 320.

24.
Richard S. Tedlow,
The Watson Dynasty: The Fiery Reign and Troubled Legacy of IBM’s Founding Father and Son
(New York: HarperBusiness, 2003), 103.

25.
“World’s Most Admired Companies,”
CNN Money
, 2011.

26.
“THINK: The Story of IBM,”
Atari Archives
, http://www.atariarchives .org/deli/think.php (accessed November 2, 2011).

27.
Martin Campbell-Kelly and William Aspray,
Computer: A History of the Information Machine
(New York: Basic Books, 1996), 127.

28.
J. Carlton Gallawa,
The Complete Microwave Oven Service Handbook
(New York: Prentice-Hall, 2007).

29.
Aron Clark, “The First PC,”
Wired
, December 2000.

30.
Richard N. Langlois, “External Economies and Economic Progress: The Case of the Microcomputer Industry,”
Business History Review
66 (1992), 14.

31.
Daniel Yergin,
The Quest: Energy, Security, and the Remaking of the Modern World
(New York: Penguin, 2011), 553–54.

32.
Nyce and Kahn,
From Memex to Hypertext
, 235.

33.
Dylan Tweney, “Dec. 9, 1968: The Mother of All Demos,”
Wired.com
, http://www.wired.com/science/discoveries/news/2008/12/dayintech_1209 (accessed November 2, 2011).

34.
Theodore H. Nelson, “As We Will Think,” in Nyce and Kahn,
From Memex to Hypertext
.

35.
J. C. R. Licklider,
Libraries of the Future
(Cambridge, MA: MIT Press, 1965), xii.

CHAPTER 16: THE BUBBLE ECONOMY

1.
James Foreman-Peck,
A History of the World Economy: International Economic Relations Since 1850
(Totowa, NJ: Barnes & Noble Books, 1983), 383.

2.
Peter J. Hugill,
World Trade Since 1431
(Baltimore: Johns Hopkins University Press, 1993), 283.

3.
Vaclav Smil,
Two Prime Movers of Globalization
(Cambridge, MA: MIT Press, 2000), 392.

4.
Ibid., 382–83.

5.
Ibid., 382.

6.
Ibid., 389.

7.
Ibid., 390.

8.
Nelson Lichtenstein, “Wal-Mart: A Template for Twenty-first Century Capitalism,” in Nelson Lichtenstein, ed.,
Wal-Mart: The Face of Twenty-First Century Capitalism
(New York: New Press, 2005).

9.
Smil,
Two Prime Movers of Globalization
, 391.

10.
Thomas I. Palley, “The Rise and Fall of Export-Led Growth,” working paper no. 6575 (Annandale-on-Hudson: Levy Institute of Bard College, July 2011).

11.
Table 1, “Globalization Waves in the 19th and 20th Century,” in
World Trade Report 2008: Trade in a Globalizing World
(Geneva, Switzerland: World Trade Organization, 2008), 15.

12.
Peter Nolan and Jin Zhang, “Global Competition After the Financial Crisis,”
New Left Review
64 (July–August 2010): 99.

13.
Vaclav Smil,
Global Catastrophes and Trends: The Next 50 Years
(Cambridge, MA: MIT Press, 2008), 164.

14.
Nolan and Zhang, “Global Competition After the Financial Crisis,” 102.

15.
Michael Dooley, David Folkerts-Landau, and Peter Garber,
International Financial Stability: Asia, Interest Rates, and the Dollar
(New York: Deutsche Bank AG, 2005); Richard N. Cooper, “Living with Global Imbalances,”
Brookings Papers on Economic Activity
2 (2007): 91–107.

16.
Smil,
Two Prime Movers of Globalization
, 389.

17.
David O. Beim, “The Future of Chinese Growth,” January 24, 2011, 4, http://ssrn.com/abstract=1635400 (accessed October 6, 2011).

18.
Philip Lagerkranser, “China Banks Surge to World’s Biggest May Be Too Good to Be True,”
Bloomberg.com
, April 29, 2009.

19.
Doug Palmer, “U.S. Raises Concerns About China’s State-Owned Firms,” Reuters, May 3, 2011, http://www.bloomberg.com/apps/news?pid =newsarchive&sid=aYQg0d5NANkM (accessed November 14, 2011).

20.
Janet Ong, “China Tells Telecom Companies to Merge in Overhaul (Update 1),”
Bloomberg.com
, May 25, 2008.

21.
Maurice Obstfeld and Kenneth Rogoff, “Global Imbalances and the Financial Crisis: Products of Common Causes,” Paper Prepared for the Federal Reserve Bank of San Francisco Asia Economic Policy Conference, Santa Barbara, CA, October 18–20 (November 2009): 18–19.

22.
Ibid., 5.

23.
Stephen S. Cohen and J. Bradford DeLong,
The End of Influence
(New York: Basic Books, 2010), 93.