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Contributions of Howard S. Ellis to the Controversy concerning Economic Growth: 1940–1955

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  • Robert Stanley Herren

Abstract

This paper examines ideas of Howard S. Ellis, a former president of the American Economic Association, regarding debates of the 1940s and 1950s concerning policies that could affect economic growth. I compare Ellis's ideas with those of Keynesians such as Alvin Hansen, who emphasized using expansionary fiscal policy, and Leon Keyserling who emphasized structural reform. I then compare Ellis's views with recent mainstream thinking as reflected in Economic Reports to the President. Ellis's views concerning economic growth appear to be more in line with views of mainstream economists who have served on recent CEAs than with views of Keynesian economists of his day. (JEL Categories: B22, B3, E5)

Suggested Citation

  • Robert Stanley Herren, 2001. "Contributions of Howard S. Ellis to the Controversy concerning Economic Growth: 1940–1955," The American Economist, Sage Publications, vol. 45(2), pages 85-92, October.
    • Handle: RePEc:sae:amerec:v:45:y:2001:i:2:p:85-92
    DOI: 10.1177/056943450104500210
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    References listed on IDEAS

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    1. Barber,William J., 2006. "Designs within Disorder," Cambridge Books, Cambridge University Press, number 9780521034319, October.
    2. W. Robert Brazelton, 1989. "Alvin Harvey Hansen: Economic Growth and a More Perfect Society: The Economist's Role in Defining the Stagnation Thesis and in Popularizing Keynesianism," American Journal of Economics and Sociology, Wiley Blackwell, vol. 48(4), pages 427-440, October.
    3. Herbert Stein, 1994. "Presidential Economics: The Making of Economic Policy from Roosevelt to Clinton," Books, American Enterprise Institute, number 53215, September.
    4. William Guthrie & Vincent J. Tarascio, 1992. "Keynes on Economic Growth, Stagnation, and Structural Change: New Light on a 55-Year Controversy," History of Political Economy, Duke University Press, vol. 24(2), pages 381-412, Summer.
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    More about this item

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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