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The Seven Fat Years: And How to Do It Again Paperback – June 1, 1995

3.5 out of 5 stars 15 customer reviews

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Editorial Reviews

From Publishers Weekly

Wall Street Journal editor Bartley here extols economic policies of the Reagan years and calls for more of the same. Tracing the pre-Reagan "stagflation" produced by Nixon's price controls, Ford's WIN campaign and Carter's "voluntary" price guidelines, the author tracks how 1980s tax cuts and deregulation, combined with Federal Reserve chief Paul Volcker's inflation-curbing money controls, unleashed American enterprise and boosted national production 30% with a 20% rise in per capita income. In extraordinary detail, and with frequent ironical jabs at the "unenlightened," Bartley analyzes (among other things) congressional economic attitudes (mostly awful), foreign trade debits (complex but necessary), the federal deficit (not to worry), the savings-and-loan debacle (the New Deal started it), mergers, acquisitions and junk bonds (not so bad, really) and the fallacy of "fairly" taxing the rich. He puts in a good word, too, for Jay Gould and other maligned 19th-century "robber barons" for their roles in our economic expansion.
Copyright 1992 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

From Library Journal

This is a history and unabashed defense of supply-side economics and the Reagan economic revolution of 1982-89 by the editor of The Wall Street Journal . His basic thesis is that the "Seven Fat Years" can be reproduced for an indefinite period if we simply return to the lower taxes of supply-side economics (or "the new classical economics," as Bartley prefers to call it). Further, he believes that with the United States now the sole superpower and its standard of living the envy of the world it can provide the economic leadership for a worldwide "belle epoque." "The moral of the Seven Fat Years is that economic growth counts." In addition to his arguments for supply-side economics, Bartley provides an interesting history of the development of that school of thought in the 1970s under the intellectual leadership of such figures as Arthur Laffer, Robert Mundell, and Jack Kemp. Recommended for academic and public libraries.
- Jeffrey R. Herold, Bucyrus P.L., Ohio
Copyright 1992 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
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Product Details

  • Paperback: 387 pages
  • Publisher: The Free Press; 1st Free Press paperback ed edition (June 1, 1995)
  • Language: English
  • ISBN-10: 002874022X
  • ISBN-13: 978-0028740225
  • Product Dimensions: 6.1 x 1.1 x 9.1 inches
  • Shipping Weight: 1.2 pounds
  • Average Customer Review: 3.5 out of 5 stars  See all reviews (15 customer reviews)
  • Amazon Best Sellers Rank: #1,183,838 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

Format: Hardcover
Robert Bartley, former editor of the Wall Street Journal (may he rest in peace), has written one of the best accounts of the 1980s economic policies, explaining what led to the economic growth, and what can be done to re-create these policies once again.
Many people who claim to oppose supply-side economics never explain how the theory works. The notion that Reagan's tax cuts were mere "trickle down" economics is buttressed by the fact that no one claims that the money will "trickle down." That is not how the economic philosophy works in theory or in practice. Instead, the theory considers high taxes to be another example in which a high cost placed on a product or service is likely to result in fewer interested buyers. Similarly, high marginal tax rates are more likely to stiffle growth since the reward for working additional hours is diminished. Those with small businesses, or those who invest, may decide that the extra work will not translate into higher returns, and thus may produce less. That is not good for the economy because this stiffles economic growth, and is a recipe for stagnation, which is exactly what happened in the 1970s. So reduce taxes to create more growth. The marginal rate fell from 70% to 28% during Reagan's tenure.
The other part of Reagan's program was to have a tigheter monetary policy. By tightening the dollar, it would reduce inflation. Thus, tighten the dollar, reduce inflation, and reduce taxes, and create growth. That is exactly what happened. During Reagan's tenure, inflation went down and growth went up. THIS IS AN INDISPUTABLE FACT.
The left does not like this theory because it contradicts the notion that government has an effect in creating economic growth.
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Format: Hardcover
With the continual lies told of what happened in the 80's this book sets the record straight. Robert Bartley tells the truth and shows you what really happened in the 80's. This is a history book that should be required reading in every high school in America insted of the Re-Written history that is taught today by the liberal education estabishment. Ronald Reagan's economic policies work and this book shows it and shows us how to do it again. If you are a disbeleiver in the economic growth of the 80's caused by Ronald Reagan's policies read this book and see the truth, not the lies that have prevailed for so long.
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Format: Hardcover
The Seven Fat Years is the definitive history of Ronald Reagan's economic policy achievements. But rather than just heaps of praise upon Reagan's policy he goes and does the next step. He shows without a doubt that what truly works in creating real and lasting prosperity. He takes the theory of supply side economics, what the leftist news media slammed and never reported on in a fair and intelligent matter, and makes it highly accessible to any layperson. If you are not a convert after living though the 80's and you are still not a convert after reading this text you a hopelessly incurable socialist.
I would suggest that you also read another book "Economics on Trial: Lies, Myths and Realities" By Mark Skousen. With those two books digested you will know more about real economic policy than 99.9% of all university economics professors.
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Format: Hardcover Verified Purchase
If you have any interest in economics and how it has worked in America for the last 30 years, this is truly worth reading. It is written in an understanding format that ,even people who have not studied this subject, can fully understand.
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Format: Paperback
Ronald Reagan's economic policies in the 1980s
were an incredible success, and that is Bartley's
in depth thesis. The book describes the Seventies
and how the supply-side theory began to take hold.
A thorough account of the policies and the people
are described in detail.

This is a must read for anyone interested in the
truth about Reagan's policies. We witnessed the
longest peacetime economic expansion AND disinflation
in American history.

Here are the chapter titles:

THE PARADOX OF THE EIGHTIES

1. The Man from Mars

LEAVING THE SEVENTIES

2. The Malaise Decade

3. Michael 1

4. Turning Point

5. Meanwhile, Money

6. Ronald Reagan

7. The Perils of Paul

8. The Panic of '82

9. Boom

10. Sincerest Flattery

11. What You Learned if You Were Awake

INTO THE NINTETIES

12. The Dread Deficit

13. The World

14. The S&L Debacle

15. Greed and Envy

16. Victorian Finance

17. Turning Back?

18. A New Belle Epoque?
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Format: Hardcover
Praised by noted economists and political figures, The Seven Fat Years provides the reader with a history of the Reagan Era. By detailing the economic accomplishments he lays to rest the criticisms of Reaganomics with facts and figures. Not willing to remain in the past, he also details how we can repeat the successes of the Reagan Era
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Format: Paperback
I agree with a previous review in that your synopsis of "The Seven Fat Years" assumes that the 1980s were a "decade of greed and heartlessness", a completely unsubstantiated assumption. It is incomprehensible to me that an intelligent reviewer could assert this. Bartley, as editor of perhaps the finest newspaper of its kind in the world, has done readers with an historical interest in this period a service, that is he has presented an accurate appraisal of the 1980s. For those interested in "supply side theory", this text should serve as a primer. The Reagan presidency, coming after the drift of the Carter years, was a period of economic and historical dynamism without parallel in our history. Read Bartley and find out!
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