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143 Monthly Lab. Rev. 1 (2020)

handle is hein.journals/month143 and id is 1 raw text is: Monthly Labor RBLS Review January 2020 American identity through the lens of economic success Measuring America: How Economic Growth Came to Define American Greatness in the Late Twentieth Century By Andrew L. Yarrow. Amherst: University of Massachusetts Press, 2010, 256 pp., $28.95 paperback. ; In this book, Andrew L. Yarrow looks back on America of the 20th century, creating a snapshot of how the U.S. economy and economics in general evolved into what they are today. In the author's words, this evolution was uniquely marked by constant economic pulse-taking and measurement mania. Yarrow discusses how America came to define itself by the state of its economy and how the demand for and supply of economists grew sharply overtime. From 1947 to 1957, the number of Ph.D. programs in economics offered by U.S. universities tripled, and, in the second half of the century, about 60 percent of all federal social science funding went to economists. During the postwar economic boom, the subject of economics enveloped the everyday life of Americans, finding its way into political rhetoric, the public education system, and even television sets (with educational series produced by the Committee for Economic Development (CED)). Over the last century, America's economy has become the country's most popular measure of success. In the mid-to- Connor Borkowski late 20th century, economic metrics such as gross borkowski.connorbIs.aov domestic product (GDP), hours worked, and household Connor Borkowski is an economist in the Office income became the main barometer of national well- of Employment and Unemployment Statistics, being. During the economic expansion of the 1950s, a U.S. Bureau of Labor Statistics. decade that saw average annual GDP growth of 4 percent, the economy became an identity symbol that Americans could proudly display to the world. To convey the prevailing mood of the time, Yarrow quotes Council of Economic Advisors (CEA) chairman Arthur Burns,

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