The Kennedy-Johnson Tax Cut
Subtitle: A Revisionist History (Elgar Monographs)
Publisher: Edward Elgar Publishing; Edward Elgar Pub; Edward Elgar
Published: September 2000
Language: eng
Format: Hardcover
Number of pages: 227
ISBN-13: 9781840644173
Subjects: American history: postwar, from c 1945 -; Economic history; c 1960 to c 1970; Political Science; Business / Economics / Finance; Politics/International Relations; USA; Taxation - General; Public Policy - Economic Policy; Income tax; Taxation; United States
Description: "The 1964 Kennedy-Johnson tax cut is often cited as the single most successful application of Keynesian stabilization policy. The author challenges this orthodox historical view." "The focus of the book is on the decisions, advice and actions of the three Chairmen of the Council during the 1960s: Walter Heller, Gardner Ackley, and Arthur Okun. They were the authors of the ambitious and optimistic 'new economics' that attempted to manipulate aggregate demand in the US economy to reach 'potential' output." "This book will be of interest to macroeconomists as well as to scholars and students interested in economic history and in the formulation and implementation of economic policy."--Jacket.