Challenging such established ideas as the inevitability of the business cycle and the taboo on deficit spending, the group of economists associated with the Kennedy Council of Economic Advisers attempted in the 1960s to convert their theories into government policy. The successes, failures, elations. and frustrations of what came to be called the New Economics is the subject of James Tobin's fascinating account, based on the Janeway Lectures given at Princeton in 1972. In making his assessment of the New Economics, Professor Tobin draws on his close involvement in policymaking during the Kennedy years.
Originally published in 1974.
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- ISBN13 9781400871476
- Publish Date 8 March 2015 (first published 21 May 1974)
- Publish Status Active
- Publish Country US
- Imprint Princeton University Press
- Format eBook
- Pages 116
- Language English
- URL http://degruyter.com/search?f_0=isbnissn&q_0=9781400871476&searchTitles=true