According to Stephen Rousseas, economics cannot be separated from politics. Here, he provides theoretical background and insight into the ideology of supply-side economics, commonly referred to as Reaganomics. As a Post Keynesian, Rousseas is critical of supply-side economics and the Reagan administration's attempt to counter-revolutionise the demand-side economics of the earlier twentieth century. Originally published in 1982, this title is ideal for students of Economics and Politics, as well as the general reader interested in the subject.
According to Stephen Rousseas, economics cannot be separated from politics. Here, he provides theoretical background and insight into the ideology of supply-side economics, commonly referred to as Reaganomics. As a Post Keynesian, Rousseas is critical of supply-side economics and the Reagan administration’s attempt to counter-revolutionise the demand-side economics of the earlier twentieth century. Originally published in 1982, this title is ideal for students of Economics and Politics, as well as the general reader interested in the subject.
According to Stephen Rousseas, economics cannot be separated from politics. Here, he provides theoretical background and insight into the ideology of supply-side economics, commonly referred to as Reaganomics. As a Post Keynesian, Rousseas is critical of supply-side economics and the Reagan administration's attempt to counter-revolutionise the demand-side economics of the earlier twentieth century. Originally published in 1982, this title is ideal for students of Economics and Politics, as well as the general reader interested in the subject.
Seminar paper from the year 2006 in the subject Politics - International Politics - Region: USA, grade: 1,0, New School for Social Research (Political Sience), course: Crises & Continuities in 20th Century American Political Development, 14 entries in the bibliography, language: English, abstract: This paper will focus on domestic policies introduced and tried to be introduced by the Reagan administration between 1980 and 1988, their success, and their consequences. The focus will be on taxation policies and retrenchment policies in government spending, particularly looking at the welfare state. First, the historical background and economic legacy of the 1960s and 1970s will be outlined in order to then analyze policies in the 1980s. A systematic three-step analysis will examine the goals, the actual measures, and the effects of policies within the fields of analysis. A concluding assessment will hopefully contribute to a clearer understanding of this important political era.
"Reagan and the Economy" is the most comprehensive, authoritative, and up-to-date critique of Reaganomics, the revolutionary economic and political program of the 1980s whose effects are only beginning to be felt. In accessible, non-technical language, Michael J. Boskin describes the Reagan economic program as it was conceived and as it evolved over the first six years of the Reagan presidency, showing its place in the changing world of economic thought. His aim is to dispel the myths about Reaganomics by taking a hard look at the actual data and evaluating the performance of the economy. Many of his findings run counter to conventional wisdom. Boskin's greatest contribution is his analysis of "supply-side" economics, the new school of economic thinking that produced several tax cuts during the Reagan Presidency. He analyzes the effects of these policies in light of the economic conditions and alternatives available at the time, and finds the supply-side tax cuts to be partially successful. These findings form a comprehensive and accurate review of Reaganomics. "Reagan and the Economy" is essential to understanding the political and economic choices the nation will face in the coming years. -- From publisher's description.
Mostly papers presented during the Third Annual Sewanee Economics Symposium, Oct. 1-3, 1981; sponsored by the Economics Dept. of the University of the South at Sewanee in cooperation with Sidney Weintraub, visiting appointee to the Kennedy Distinguished Professorship in Economics.
Across the political spectrum, disgruntled Americans have two things in common: Reaganomics as an economics policy has caused most of their economic problems; Reaganomics as a political strategy has rendered their government dysfunctional. Reaganomics vs the Modern Economy defines the modern economy including the critical contributions of the public sector. It describes the history of political frustrations and resistance to government that led to Ronald Reagan's election. We learn how market forces, not Reaganomics, ended stagflation in the 1980s. But confusion and Reagan's personal popularity continue to produce unworkable policies. The five categories of government economic functions are determined by inadequacies in private sector markets: total market irrelevance, internal market defects, predominant market insufficiency, acute market insufficiency, and general market insufficiency. The public sector must be a component of our modern economy if we are to overcome inadequate employment, the effects of income and wealth maldistribution, the excessive influence of the financial sector, and unaffordable health care and post-secondary education and training. Michael Gilbert shows how we can reduce dissension and division in the country by implementing policies that meet the requirements of our modern economy. The failures of Reaganomics are our guide for what not to do Book jacket.
Many years have passed but even among the most informed of us there is very little agreement about the accomplishments and failures of Ronald Reagan's economic policies. Politicians, commentators and common voters alike have been arguing about their efficacy and their legacy ever since the inception. The controversy often seems to reflect people's political and ideological stands, rather than a sober analysis of the facts. People on the left of the political spectrum are persuaded that Reagan's economic policies ended up shamelessly favoring the haves versus the have-nots, while "Reaganomics" and "supply-side economics" became bywords for "trickle-down economics", giving more to the rich, cutting welfare for the poor and leaving them to their own devices. Moreover, in this view, Reagan contributed to a large dismantling of the American industrial base, leaving many jobless and hitting hard on blue collar workers and the middle class. This aspect in particular received renewed attention during Donald Trump's successful presidential campaign: interestingly, now it was a "right wing" President who was favouring blue collar jobs, while liberals appeared to have lost any interest whatsoever in working class jobs and increasingly regarded them as outdated and unworthy of the XXI century. For people on the right, Reagan has achieved almost a cult status, more than any other President in living memory. These Republicans argue that Reagan's supply-side revolution revitalized the American economy after a lost decade in the seventies, putting the country back on the path to growth, making fiscal policy more business friendly and reducing the menacing power of the government to affect people's economic decisions. But Reagan was many things to many different people.
