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- catalog abstract ""The 1964 Kennedy-Johnson tax cut is often cited as the single most successful application of Keynesian stabilization policy. The author challenges this orthodox historical view." "The focus of the book is on the decisions, advice and actions of the three Chairmen of the Council during the 1960s: Walter Heller, Gardner Ackley, and Arthur Okun. They were the authors of the ambitious and optimistic 'new economics' that attempted to manipulate aggregate demand in the US economy to reach 'potential' output." "This book will be of interest to macroeconomists as well as to scholars and students interested in economic history and in the formulation and implementation of economic policy."--Jacket.".
- catalog contributor b11868343.
- catalog created "c2000.".
- catalog date "2000".
- catalog date "c2000.".
- catalog dateCopyrighted "c2000.".
- catalog description ""The 1964 Kennedy-Johnson tax cut is often cited as the single most successful application of Keynesian stabilization policy. The author challenges this orthodox historical view." "The focus of the book is on the decisions, advice and actions of the three Chairmen of the Council during the 1960s: Walter Heller, Gardner Ackley, and Arthur Okun. They were the authors of the ambitious and optimistic 'new economics' that attempted to manipulate aggregate demand in the US economy to reach 'potential' output." "This book will be of interest to macroeconomists as well as to scholars and students interested in economic history and in the formulation and implementation of economic policy."--Jacket.".
- catalog description "1. What Went Wrong? -- 2. Estimating the Output Gap -- 3. The CEA Model of Taxes and Aggregate Demand -- 4. The Macroeconomic Effects of the Tax Cut -- 5. The Inflationary Aftermath -- 6. Fiscal Drag and the Burden of the Debt -- 7. Taxes and Voter Welfare -- 8. Lessons To Be Learned.".
- catalog description "Includes bibliographical references (p. 203-219) and index.".
- catalog extent "ix, 227 p. :".
- catalog identifier "1840644176".
- catalog issued "2000".
- catalog issued "c2000.".
- catalog language "eng".
- catalog publisher "Cheltenham, UK ; Northampton, MA, USA : Edward Elgar,".
- catalog spatial "United States.".
- catalog subject "336.2/00973/09046 21".
- catalog subject "HJ2381 .P73 2000".
- catalog subject "Income tax United States.".
- catalog subject "Taxation United States.".
- catalog tableOfContents "1. What Went Wrong? -- 2. Estimating the Output Gap -- 3. The CEA Model of Taxes and Aggregate Demand -- 4. The Macroeconomic Effects of the Tax Cut -- 5. The Inflationary Aftermath -- 6. Fiscal Drag and the Burden of the Debt -- 7. Taxes and Voter Welfare -- 8. Lessons To Be Learned.".
- catalog title "The Kennedy-Johnson tax cut : a revisionist history / Martin F.J. Prachowny.".
- catalog type "text".