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Retrospectives: The Economics of Leon Hirsch Keyserling

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  • W. Robert Brazelton

Abstract

The economics of Leon H. Keyserling influenced the Roosevelt era in terms of housing, agriculture, labor, and antitrust legislation. During the Truman era, discussed herein, Keyserling was influential as chair of the Council of Economic Advisors, stressing long-term growth, general and selective fiscal, monetary, and interest rate policies, and the view that economic growth, equity, and welfare are tied together via a full employment goal. Thus he was a liberal Keynesian and a pragmatist realizing that the keys to prosperity were consumption (wages) and investment (profits).

Suggested Citation

  • W. Robert Brazelton, 1997. "Retrospectives: The Economics of Leon Hirsch Keyserling," Journal of Economic Perspectives, American Economic Association, vol. 11(4), pages 189-197, Fall.
    • Handle: RePEc:aea:jecper:v:11:y:1997:i:4:p:189-97
    Note: DOI: 10.1257/jep.11.4.189
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.11.4.189
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    References listed on IDEAS

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    4. Herbert Stein, 1996. "A Successful Accident: Recollections and Speculations about the CEA," Journal of Economic Perspectives, American Economic Association, vol. 10(3), pages 3-21, Summer.
    5. anonymous, 1966. "Free for All," Management Science, INFORMS, vol. 12(6), pages 281-286, February.
    6. anonymous, 1966. "Free for All," Management Science, INFORMS, vol. 13(4), pages 211-214, December.
    7. anonymous, 1966. "Free for All," Management Science, INFORMS, vol. 12(8), pages 382-389, April.
    8. David C. Colander & Harry Landreth (ed.), 1996. "The Coming Of Keynesianism To America," Books, Edward Elgar Publishing, number 451.
    9. Leon H. Keyserling, 1987. "Will It Be Progress or Poverty?," Challenge, Taylor & Francis Journals, vol. 30(2), pages 30-36, March.
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    Cited by:

    1. W. Robert Brazelton, 2007. "On the “Orthodoxy†of Leon Hirsch Keyserling: Selected Major Analytical and Policy Concepts and Advice to Presidents," The American Economist, Sage Publications, vol. 51(1), pages 15-28, March.
    2. W. Robert Brazelton & Charles J. Whalen, 2011. "Towards a synthesis of Institutional and Post Keynsian economics," Chapters, in: Charles J. Whalen (ed.), Financial Instability and Economic Security after the Great Recession, chapter 2, pages 28-52, Edward Elgar Publishing.
    3. Aurélien Goutsmedt, 2022. "How the Phillips Curve Shaped Full Employment Policy in the 1970s: The Debates on the Humphrey-Hawkins Act," Post-Print hal-03878346, HAL.

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    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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