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Two Revolutions in Economic Policy: The First Economic Reports of Presidents Kennedy and Reagan

Editor

Listed:
  • James Tobin
    (Yale University)

  • Murray Weidenbaum
    (Washington University)

Abstract

The juxtaposition of Kennedy and Reagan approaches to economic problems is particularly instructive in that they express the two major - and quite different - approaches of macroeconomic policy in the past three decades: the 1962 Kennedy Camelot which relied on traditional Keynesian economics, and the 1982 Reagan program which called for a supplyside solution to the country's economic difficulties. From today's vantage point it is useful to compare what these two different groups of economic advisors planned to do, what they did, and what the results were.

Suggested Citation

  • James Tobin & Murray Weidenbaum (ed.), 1988. "Two Revolutions in Economic Policy: The First Economic Reports of Presidents Kennedy and Reagan," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262700344, April.
    • Handle: RePEc:mtp:titles:0262700344
    as

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    Citations

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    Cited by:

    1. J. Bradford De Long, 1996. "America's Only Peacetime Inflation: The 1970s," NBER Historical Working Papers 0084, National Bureau of Economic Research, Inc.
    2. J. Bradford De Long, "undated". "America's Peacetime Inflation: The 1970s," J. Bradford De Long's Working Papers _104, University of California at Berkeley, Economics Department.

    More about this item

    Keywords

    macroeconomic policy; the Kennedy administration; the Reagan administration; Keynesian economics; supplyside economics;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • N42 - Economic History - - Government, War, Law, International Relations, and Regulation - - - U.S.; Canada: 1913-

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