Word: keynesian
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
SURELY SOME REVELATION is at hand. Conservatives immediately proclaimed their victory in November as a watershed in American economic and social policy. They plan no less than their own New Deal to sweep out at least a decade's worth of uninspired and ineffectual liberalism. The traditional Keynesian policies of government spending and job creation sit battered on the ropes along with their Democratic sponsors. As productivity replaces equality as the nation's key objective of social policy, regulation and humanitarian programs await the scissors of congressional budget cutters...
Steel places passages from Lippmann's staid and elegant writing expressing his reactions to political events within the larger framework of Lippmann's thought--his continual twists of opinion regarding the efficacy of democratic government and especially the challenge the new Keynesian liberalism posed to American freedom and morality. And there were some twists that are hard to fit into any framework...
...continuing the fight against the Confederacy. Franklin Roosevelt piled up record deficits in office despite his 1932 party platform's call for a balanced budget. In 1971 Richard Nixon totally ignored the G.O.P. platform when he imposed wage and price controls and announced, "I am now a Keynesian in economics...
...attribute the ills of our current (mis)managed economic mess to capitalism is like blaming the victim for the crime. Do not blaspheme a noble ideal by giving capitalism's name to years of Keynesian meddling...
...school, led by the University of Chicago's Robert Lucas and the University of Minnesota's Thomas Sargent, emphasizes that government policy initiatives often do more harm than good, creating more inflation than economic growth. The hottest topic among Washington economists is the "supply side" theory. It maintains that Keynesian policies placed too much emphasis on stimulating consumer and business demand and paid too little attention to stimulating the production, or supply, of goods and services. Supply siders, such as Senator Lloyd Bentsen and Michael Evans, the president of a Washington-based economic advisory service, propose tax cuts for business...