From one of America’s leading intellectuals comes a sweeping and original work of economic history, recounting the epic story of America’s rise to become the world’s dominant economy.
In Land of Promise, bestselling author Michael Lind provides a groundbreaking account of how a weak collection of former British colonies became an industrial, financial, and military colossus. From the eighteenth to the twenty-first centuries, the American economy has been transformed by wave after wave of emerging technology: the steam engine, electricity, the internal combustion engine, computer technology. Yet technology-driven change leads to growing misalignment between an innovative economy and anachronistic legal and political structures until the gap is closed by the modernization of America's institutions—often amid upheavals such as the Civil War and Reconstruction and the Great Depression and World War II.
Against the dramatic backdrop of shattering tides of change, Land of Promise portrays the struggles and achievements of inventors like Thomas Edison and Samuel Morse; entrepreneurs like Henry Ford, John D. Rockefeller, Andrew Carnegie, Bill Gates, and Steve Jobs; financiers like J. P. Morgan; visionary political leaders like Henry Clay and Franklin Roosevelt; and dynamic policy makers like Alexander Hamilton and Vannevar Bush. Larger-than-life figures such as these share the stage with the ordinary Americans who built a superpower, from midwestern farmers, southern slaves, and the immigrants who created canals and railroads to the sisters of Rosie the Riveter, whose labor in factories during World War II helped to end Hitler's dream of world domination.
When the U.S. economy has flourished, Lind argues, government and business, labor and universities, have worked together as partners in a never-ending project of economic nation building. As the United States struggles to emerge from the Great Recession, Land of Promise demonstrates that Americans, since the earliest days of the republic, have reinvented the American economy—and have the power to do so again.
Well written, with lots of examples.
Mr. Lind provides an insightful description of America's recent economic events followed by an expansive personal view of America's potential future.
The relationship between transnational corporations, government, and citizens are in the process of a great transformation.
This is a rehash of arguments advanced over the last thirty years that are largely discredited. It's pretty clear that giving tax breaks and "incentives" to wealthy people... Read morePublished 3 months ago by Carolyn Dorsch
I enjoyed reading this book a lot. Rather than add to the several and very detailed reviews that praise this work, I want to respond to a few claims that Lind makes about areas... Read morePublished 5 months ago by Reader in St Pete
Loved the history - both the retelling of stories familiar to me as well as introducing me to new historical figures, as well as helping me with new angles on historical figures I... Read morePublished 5 months ago by factoid junkie
The author promotes a vision of four actual republics within the historical and economic life of the United States. Read morePublished 7 months ago by Michael Brown
The author gives us his take on the historical relationship between technological advance and business organization on the one hand, and politics and governmental organization on... Read morePublished 7 months ago by David F. Mcginnis
America is a land of promise for those who are willing to work to have the promises fulfilled rather than expecting the government to take care of them without any effort.Published 8 months ago by RBP
Great book. Really smooth and enjoyable read. I particularly like the author's style of jumping from anecdote to idea and his ability to connect contemporary themes (environmental... Read morePublished 8 months ago by Brent
Excellent read, if you are interested in current events, because it certainly gives you a good perspective of where we have been and how we got to where we are.Published 9 months ago by sandy bruening
As a lawyer from abroad, who didn't have a college education at the US, this book has been a great help organizing previous knowledge. It is an excellent piece of economic history. Read morePublished 11 months ago by William Garcia Machmar