by Eric R. Crouse (Author)
About the Author
Eric R. Crouse is Professor of History and Global Studies at Tyndale University College, Canada.
About this book
This book examines one of the most important economic outcomes in American history―the breakdown of the Keynesian Revolution. Drawing on economic literature, the memoirs of economists and politicians, and the popular press, Eric Crouse examines how economic decline in the 1970s precipitated a political revolution. Keynesian thought flourished through the presidencies of Lyndon B. Johnson, Richard Nixon, and Gerald Ford, until stagflation devastated American workers and Jimmy Carter’s economic policies faltered, setting the stage for the 1980 presidential campaign. Tracking years of shifting public opinion and colorful debate between free-market and Keynesian economists, this book illuminates a neglected era of American economic history and shows how Ronald Reagan harnessed a vision of small government and personal freedom that transformed the American political landscape.
Brief contents
1 Introduction 1
2 The Keynesian Revolution, 1936–1965 15
3 Johnson’s Great Society to Nixon’s Gamble 43
4 Ford’s Economy 67
5 The Presidential Campaign of 1976 91
6 Carter’s Keynesian Start 119
7 Inflation and Taxes in 1978 147
8 The Energy Crisis 175
9 On the Brink of Economic Revolution 203
10 The Presidential Campaign of 1980 231
Index 261
Length: 274 pages
Publisher: Palgrave Macmillan; 1st ed. 2018 edition (February 13, 2018)
Language: English
ISBN-10: 331970544X
ISBN-13: 978-3319705446