Post WWII social democracy produced the wealthiest and most just societies the world has ever seen.

To be sure, rapid economic growth also occurred during the Industrial Revolution and in the post WWII period.

Equally important, unlike the subject of WWII, Japanese history education barely addresses the two countries' post war relations.

This, as much as anything, helped to bring Japan s long running post WWII economic miracle to its knees.

Moreover, arguments about international law in the post WWII period have quietly dropped all references to conspiracy charges.

The post WWII period stands as a reference point in America s collective memory, but it was in all likelihood an aberration.

By contrast, a typical post WWII Democratic administration has reduced the debt to GDP ratio by more than 1 per year.

Faced with unemployment close to the post WWII maximum, Barack Obama s administration has delayed adjustment in order to avoid smothering recovery.

A powerful factor that diminished perceived risk and encouraged investment and enterprise in the post WWII era was the so called Roosevelt put.

But comparisons to the post WWII Nuremberg tribunal have worn thin as the proceedings drag on, observers wonder why it has taken so long to establish criminal liability.

After all, it had appeared to do so at least for those who did not suffer from legal discrimination or its legacies for the entire post WWII era.

So what happens after WWII is that, the North

In the post WWII period, the more successful episodes of democratic transitions have been preceded by widespread economic reforms that extended the scope of the market and facilitated international integration.

Of course, in the absence of mobilization for WWII, it is possible and even likely that the Great Depression would have cast a shadow on post 1940 US economic growth.

It seems a safe bet that the stable politics of the post WWII era owe a great deal to the coexistence of rapidly growing, dynamic market economies and social democratic policies.

It is as if the Nuremberg trials never happened after WWII.

Rogoff s discussion about the debts accumulated after WWII is beside the point.

Now that science s post WWII charisma has faded, politicians are taking the opposite tack. They are increasingly tempted to ignore scientific findings altogether, and make values the center of all public policy debates.

On several occasions in the post WWII period, the US has learned with great pain that there are limits to the effective use of military power. American objectives could not be achieved in Vietnam.

But the monetarist Keynesian post WWII near consensus, which played such a huge part in making the 60 years from 1945 2005 the most successful period for the global economy ever, may unravel nonetheless.

As Barry Eichengreen has pointed out in the context of the post WWII Bretton Woods system, capital controls weaken the link between domestic and foreign economic policies, providing governments room to pursue other objectives.

There were three reasons, all of which vanished by the end of WWII.

Even in the first post WWII generation, only a minority of Americans a largely white, male minority found well paying stable jobs at large, unionized, capital intensive manufacturing companies like GM, GE, or AT T.

Some even claimed that Japan was trying to reverse the territorial outcome of WWII.

Rather, what concerns Putin is the balancing of WWII and Stalinism in Soviet history.

Double dips, triple dips, and quadruple dips have been America s recessionary experience since WWII.

And also in 1950, you have Korea. Korea, before WWII was a Japanese colony.

Governments before World War I and even more so before WWII did not embrace the mission of minimizing unemployment during economic downturns. There were three reasons, all of which vanished by the end of WWII.

In Beijing recently, Chinese analysts told me that they believe that Japan is entering a period of right wing militaristic nationalism, and that purchasing the islands was a deliberate effort to begin eroding the post WWII settlement.

In fact, since WWII, only George W. Bush s economic advisers have broken with this consensus.

Sentimemtal shot of Mr. Clarke, taken by my dad WWII veteran and Poet...Owen Rowe.

The post Wall generation, whose members are less than 40 years old and thus far removed from WWII, has little appreciation for this cause. For them, debtor and creditor countries increasingly divergent economic objectives are much more meaningful.

Giving strong support to South Korea s initiatives offers a splendid opportunity for the OECD countries to show that, though they remain proud of the disappearing post WWII world, they do not fear the new world that is emerging.

Victory gardens sprouted during WWI and WWII and were fruit, vegetable, and herb gardens in US, Canada, and UK.

Although China is not the only country to enjoy such long term growth (post WWII Japan and South Korea are other cases), it is something of a miracle that a once poor country with one fifth of the world s population could achieve such sustained development.

Politicians reacted by devising an international financial system after WWII in which default and bankruptcy were more or less impossible.

But to the three Baltic countries the end of WWII led to half a century of occupation and lost opportunities.

In the aftermath of defeat in WWII, family links provided a way for Japan and Germany to reconstruct business quickly.

Pahor is trying to get all the voices of the WWII victims heard, not just those of the Jewish community.

Of course, it was subject to ups and downs, but it was not subject to financial crises of the type that we see regularly today. Moreover, capitalism in the post WWII decades maintained full employment, with unemployment often hovering around 2 in Europe, North America, and Japan.

Since WWII, the US unemployment rate has averaged 8 when the short term nominal T bill rate is 2 or lower.

The final text of the 1951 San Francisco Peace Treaty, which ended WWII in the Pacific, makes no mention of Dokdo.

The problem for post WWII Europe, mired in depression and inflation, was that it lacked foreign reserves, which meant that trade carried a high opportunity cost. To facilitate trade without requiring payment after each transaction, the Organization for European Economic Cooperation created the European Payments Union in 1950.

After WWII, repeated shifts between Labour and Conservative governments led to stop go policies that heightened uncertainty and created chronic financial problems.

Governments before World War I and even more so before WWII did not embrace the mission of minimizing unemployment during economic downturns.