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Two revolutions in economic policy : the first economic reports of Presidents Kennedy and Reagan / edited by James Tobin and Murray Weidenbaum ; [with introductions by Robert M. Solow ... et al.].

Contributor(s): Tobin, James, 1918-2002 | Weidenbaum, Murray L | United States. President. Economic report of the President transmitted to the Congress.
Material type: TextTextPublisher: Cambridge, Mass. : MIT Press, c1988Description: ix, 533 p. : ill. ; 24 cm.ISBN: 0262700344 (pbk.); 9780262700344 (pbk.); 0262200708; 9780262200707.Subject(s): United States -- Economic policy -- 1961-1971 | Kennedy, John F. (John Fitzgerald), 1917-1963 | United States -- Economic policy -- 1981-1993 | Reagan, Ronald | Council of Economic Advisers (U.S.). Annual report of the Council of Economic Advisers | United States Economic policies, 1961-1981DDC classification: 338.973 Other classification: 83.32
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Item type Current location Call number Status Date due Barcode
Book University of Texas At Tyler
Stacks - 3rd Floor
HC106.6 .T93 1988 (Browse shelf) Available 0000000555664

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This volume reprints important economic documents from the Kennedy administration (the 1962 economic report and a Council of Economic Advisors' statement to the Joint Economic Committee of Congress) and the Reagan administration (the 1982 economic report and a 1981 economic statement). The Kennedy documents are introduced by R. Solow and J. Tobin, two Kennedy Council members. The Reagan reports are introduced by three members of the Reagan Council (W. Niskanen, W. Poole, and M. Weidenbaum). The two introductions are fascinating. The Kennedy economists stress the use of government spending and federal tax cuts to squeeze the maximum output and employment from the US economy. They show little concern for the threat of inflation, the possibility of a perpetual budget deficit, and the continual shifting of resources and economic initiative from the private to the public sector. The Reagan economists concentrate on these problems. The Kennedy economists point out that their perspective still dominates the profession, and that their analysis of 25 years ago was essentially sound. The Reagan economists are equally pleased with their analysis stressing the dangers of a growing public sector financed by debt. These original economic reports are now out of print and difficult to acquire; for that reason alone the book is valuable. Provocative reading for academic and general audiences. R. T. Averitt Smith College

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