front cover of The American Business Cycle
The American Business Cycle
Continuity and Change
Edited by Robert J. Gordon
University of Chicago Press, 1986
In recent decades the American economy has experienced the worst peace-time inflation in its history and the highest unemployment rate since the Great Depression. These circumstances have prompted renewed interest in the concept of business cycles, which Joseph Schumpeter suggested are "like the beat of the heart, of the essence of the organism that displays them."

In The American Business Cycle, some of the most prominent macroeconomics in the United States focuses on the questions, To what extent are business cycles propelled by external shocks? How have post-1946 cycles differed from earlier cycles? And, what are the major factors that contribute to business cycles? They extend their investigation in some areas as far back as 1875 to afford a deeper understanding of both economic history and the most recent economic fluctuations.

Seven papers address specific aspects of economic activity: consumption, investment, inventory change, fiscal policy, monetary behavior, open economy, and the labor market. Five papers focus on aggregate economic activity. In a number of cases, the papers present findings that challenge widely accepted models and assumptions. In addition to its substantive findings, The American Business Cycle includes an appendix containing both the first published history of the NBER business-cycle dating chronology and many previously unpublished historical data series.
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The Economics of New Goods
Edited by Timothy F. Bresnahan and Robert J. Gordon
University of Chicago Press, 1997
New goods are at the heart of economic progress. The eleven essays in this volume include historical treatments of new goods and their diffusion; practical exercises in measurement addressed to recent and ongoing innovations; and real-world methods of devising quantitative adjustments for quality change.

The lead article in Part I contains a striking analysis of the history of light over two millenia. Other essays in Part I develop new price indexes for automobiles back to 1906; trace the role of the air conditioner in the development of the American south; and treat the germ theory of disease as an economic innovation. In Part II essays measure the economic impact of more recent innovations, including anti-ulcer drugs, new breakfast cereals, and computers. Part III explores methods and defects in the treatment of quality change in the official price data of the United States, Canada, and Japan.

This pathbreaking volume will interest anyone who studies economic growth, productivity, and the American standard of living.
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Ethnography in Unstable Places
Everyday Lives in Contexts of Dramatic Political Change
Carol J. Greenhouse, Elizabeth Mertz, and Kay B. Warren, eds.
Duke University Press, 2002
Ethnography in Unstable Places is a collection of ethnographic accounts of everyday situations in places undergoing dramatic political transformation. Offering vivid case studies that range from the Middle East and Africa to Europe, Russia, and Southeast Asia, the contributing anthropologists narrate particular circumstances of social and political transformation—in contexts of colonialism, war and its aftermath, social movements, and post–Cold War climates—from the standpoints of ordinary people caught up in and having to cope with the collapse or reconfiguration of the states in which they live.
Using grounded ethnographic detail to explore the challenges to the anthropological imagination that are posed by modern uncertainties, the contributors confront the ambiguities and paradoxes that exist across the spectrum of human cultures and geographies. The collection is framed by introductory and concluding chapters that highlight different dimensions of the book’s interrelated themes—agency and ethnographic reflexivity, identity and ethics, and the inseparability of political economy and interpretivism.
Ethnography in Unstable Places will interest students and specialists in social anthropology, sociology, political science, international relations, and cultural studies.

Contributors. Eve Darian-Smith, Howard J. De Nike, Elizabeth Faier, James M. Freeman, Robert T. Gordon, Carol J. Greenhouse, Nguyen Dinh Huu, Carroll McC. Lewin, Elizabeth Mertz, Philip C. Parnell, Nancy Ries, Judy Rosenthal, Kay B. Warren, Stacia E. Zabusky

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The Measurement of Durable Goods Prices
Robert J. Gordon
University of Chicago Press, 1990
American business has recently been under fire, charged with inflated pricing and an inability to compete in the international marketplace. However, the evidence presented in this volume shows that the business community has been unfairly maligned—official measures of inflation and the standard of living have failed to account for progress in the quality of business equipment and consumer goods. Businesses have actually achieved higher productivity at lower prices, and new goods are lighter, faster, more energy efficient, and more reliable than their predecessors.

Robert J. Gordon has written the first full-scale work to treat the extent of quality changes over the entire range of durable goods, from autos to aircraft, computers to compressors, from televisions to tractors. He combines and extends existing methods of measurement, drawing data from industry sources, Consumer Reports, and the venerable Sears catalog.

Beyond his important finding that the American economy is more sound than officially recognized, Gordon provides a wealth of anecdotes tracing the postwar history of technological progress. Bolstering his argument that improved quality must be accurately measured, Gordon notes, for example, that today's mid-range personal computers outperform the multimillion-dollar mainframes of the 1970s. This remarkable book will be essential reading for economists and those in the business community.
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Milton Friedman's Monetary Framework
A Debate with His Critics
Edited by Robert J. Gordon, with essays by Milton Friedman, Karl Brunner and All
University of Chicago Press, 1975
In response to widespread interest in a formal complete statement analyzing aspects of the money-income relationship and clarification of his quantity theory, Milton Friedman in 1970 published "A Theoretical Framework for Monetary Analysis," and a year later "A Monetary Theory of Nominal Income," both in the Journal of Political Economy. A combined version of these essays, first published by the National Bureau of Economic Research, begins this volume.

Because his statement was important and controversial both as a commentary on the history of economic thought and as a theoretical contribution in its own right, the Journal of Political Economy in 1972 presented critical reviews from noted monetary theorists, including Karl Brunner and Allan H. Meltzer, James Tobin, Paul Davidson, and Don Patinkin. Their studies, which are printed in the present volume, focus on substantive issues, covering a variety of topics. All of their major points are discussed in Friedman's reply, which clarifies and expands upon his original themes and introduces interesting new material. Thus the synthesis of his two articles, the critical comments, and his response, together with an introduction by Robert J. Gordon, are combined in one volume for the convenience of scholars and students.
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