The Kennedy-Johnson Tax Cut: A Revisionist History
Book: The Kennedy-Johnson Tax Cut: A Revisionist History , by Martin F. J. Prachowny, ISBN10: 1840644176, ISBN13: 9781840644173, Elgar, Edward Publishing, Inc., September 2000, Hardcover
Prachowny (economics, Queen's U., Kingston, Canada) challenges the position that the 1964 Kennedy-Johnson tax cut was an exemplary application of Keynesian stabilization policy, exposing the haphazard planning, simplistic economic theorizing, irreconcilable numerical projections, and partisan political influences on the Council of Economic Advisers. Emphasis is placed on the decisions, advice, and actions of the three Chairmen of the Council during the 1960s (Heller, Ackley, and Okun), based on their memoranda and confidential reports. Of likely interest to macroeconomists, as well as scholars and students interested in economic history and policy. Annotation c. Book News, Inc., Portland, OR
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