Made in America — Continues with Economic Lessons — 2010.11.15

I am continuing to thoroughly enjoy Bryson's Made in America. He demonstrates in a way that words cannot convey, that language, in this case the English language, is alive like a giant garden — the masters of English are constantly weeding, trimming, hedging, and 'improving' the garden, but Nature is constantly adding to it in the wild untamed corners, poking weeds and shrubs into the garden, especially its edges, with wanton abandon and joy.

And in his typical fashion, Bryson makes comments about society as he is examining of the evolution of the society's language and words. I am putting together an 3-day economics course for my local Continuing Education programme. Shortly after receiving confirmation of the course approval, I read the following, which I'll be incorporating into my course and/or reading materials:

The dropping of atomic bombs on Hiroshima and Nagasaki marked the end of one war and the beginning of another: the cold war. The cold may not have generated a lot of casualties, but it was nonetheless the longest and costliest war America has ever fought. War was unquestionably good for business — so good that in 1946 the president of General Electric went so far as to call for a 'permanent war economy.' he more or less got his wish. Throughout the 1950s, America spent more on defense than it did on anything else — indeed, almost as much as it did on all things together. By 1960, military spending accounted for 49.7 percent of the federal budget — more than the combined national budgets of Britain, France, West Germany, and Italy. Even America's foreign aid was overwhelmingly military. Of the $50 billion that America distributed in aid in the 1950s, 90 percent was for military purposes ( p300-1).

I am building a web page this course, which I've called Economics Demystified. [At the time of this blog, the web page is still under construction, and will be for a month or two more.] Anyway, within Economics Demystified I have created a page called 'Found Economics.' And I am including the above as my first example of a non-economist commenting on economics outside of a formal economic context.