The juxtaposition of Kennedy and Reagan approaches to economic problems is particularly instructive in that they express the two major - and quite different - approaches of macroeconomic policy in the past three decades: the 1962 Kennedy Camelot which relied on traditional Keynesian economics, and the 1982 Reagan program which called for a supplyside solution to the country's economic difficulties. From today's vantage point it is useful to compare what these two different groups of economic advisors planned to do, what they did, and what the results were.James Tobin, who received the Nobel Prize in economics in 1981, is Sterling Professor of Economics at Yale. His Essays in Economics, collected in three volumes, are available from The MIT Press. Murray L. Weidenbaum is Director of the Center for the Study of American Business and Mallinckrodt Distinguished University Professor at Washington University.
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James Tobin, who received the Nobel prize in economics in 1981, is Sterling Professor of Economics at Yale.
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Inside This Book
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First Sentence:
The first weeks after the January 20 inauguration of a new Administration are hectic. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
social security retirement liabilities, decontrolled gas, income accounts budget, wholesale industrial prices, chronic slack, adjusted hourly earnings, household consumption rate, full employment surplus, full decontrol, net financial liabilities, total bank reserves, secondary market operations, leasing provisions, personal saving ratio, nonagricultural establishments, business fixed investment, stimulative policies, private purchasing power, monetary ease, reasonable price stability, labor force size, categorical grant programs, wage behavior, maximum employment, implicit liabilities Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Federal Reserve, Council of Economic Advisers, Department of Commerce, Department of Labor, Economic Report, Employment Act, World War, Economic Recovery Tax Act, Economic Committee, Bureau of Economic Analysis, International Monetary Fund, United Kingdom, Bureau of Labor Statistics, Department of Agriculture, World Bank, Small Business Administration, White House, Bretton Woods, Preliminary Note, Environmental Protection Agency, Federal Housing Administration, Federal Register, Individual Retirement Accounts, Kermit Gordon New!
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Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
The first weeks after the January 20 inauguration of a new Administration are hectic. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
social security retirement liabilities, decontrolled gas, income accounts budget, wholesale industrial prices, chronic slack, adjusted hourly earnings, household consumption rate, full employment surplus, full decontrol, net financial liabilities, total bank reserves, secondary market operations, leasing provisions, personal saving ratio, nonagricultural establishments, business fixed investment, stimulative policies, private purchasing power, monetary ease, reasonable price stability, labor force size, categorical grant programs, wage behavior, maximum employment, implicit liabilities Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Federal Reserve, Council of Economic Advisers, Department of Commerce, Department of Labor, Economic Report, Employment Act, World War, Economic Recovery Tax Act, Economic Committee, Bureau of Economic Analysis, International Monetary Fund, United Kingdom, Bureau of Labor Statistics, Department of Agriculture, World Bank, Small Business Administration, White House, Bretton Woods, Preliminary Note, Environmental Protection Agency, Federal Housing Administration, Federal Register, Individual Retirement Accounts, Kermit Gordon New!
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Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
Citations (learn more)
This book cites 4
books:
2
books
cite this book:
- The Fair Labor Standards Act by Ellen C. Kearns on page 188
- The Wealth of Nations (Bantam Classics) by Adam Smith on page 373
- Theory of Social Economy by Gustav Cassel on page 388
- Yale Readings in Insurance, Life Insurance by Lester W. Zartman on page 184
- Why Budgets Matter: Budget Policy and American Politics by Dennis S. Ippolito on page 232, and Back Matter
- Transforming America: Politics and Culture During the Reagan Years by Robert M. Collins in Back Matter
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