ERIC Number: ED098365
Record Type: Non-Journal
Publication Date: 1973
Reference Count: N/A
A New Look at Inflation: Economic Policy in the Early 1970s.
Cagan, Phillip; And Others
The volume, a sequel to "Economic Policy and Inflation in the Sixties" presents the diverse opinions of distinguished scholars on developments in the American economy since the institution of direct wage and price controls in August 1971. Gottfried Haberler considers the international aspects of recent United States inflation. William Fellner organizes his discussion of employment goals and overexpansion around manpower problems, acceleration and deceleration, "inflationary equilibrium," money supply targets, and unemployment. Phillip Cagan analyzes monetary policy and provides perspective on previous positive efforts to combat inflation under controls. Wage behavior during each of the control phases, as related to both average hourly earnings in the private nonfarm economy and negotiated wage settlement, is examined by Marten Estey. Charles McLure discusses fiscal policy by examining Kennedy-Johnson economics, the game plan of gradualism, Nixon's New Economic Policy, and the record of that policy. (Author/EA)
Descriptors: Business Cycles, Change Strategies, Economic Change, Economic Climate, Economic Factors, Economic Research, Financial Policy, Financial Problems, Fiscal Capacity, Foreign Policy, Inflation (Economics), International Relations, Labor Economics, Labor Needs, Unemployment, Wages
American Enterprise Institute for Public Policy Research, 1150 17th Street, N.W., Washington, D.C. 20036 ($3.75)
Publication Type: Books
Education Level: N/A
Authoring Institution: American Enterprise Inst. for Public Policy Research, Washington, DC.