The Reagan Era
The Reagan Era

Author: Doug Rossinow

Publisher: Columbia University Press

Published: 2015-02-17

Total Pages: 393

ISBN-13: 0231538650

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In this concise yet thorough history of America in the 1980s, Doug Rossinow takes the full measure of Ronald Reagan's presidency and the ideology of Reaganism. Believers in libertarian economics and a muscular foreign policy, Reaganite conservatives in the 1980s achieved impressive success in their efforts to transform American government, politics, and society, ushering in the political and social system Americans inhabit today. Rossinow links current trends in economic inequality to the policies and social developments of the Reagan era. He reckons with the racial politics of Reaganism and its debt to the backlash generated by the civil rights movement, as well as Reaganism's entanglement with the politics of crime and the rise of mass incarceration. Rossinow narrates the conflicts that rocked U.S. foreign policy toward Central America, and he explains the role of the recession during the early 1980s in the decline of manufacturing and the growth of a service economy. From the widening gender gap to the triumph of yuppies and rap music, from Reagan's tax cuts and military buildup to the celebrity of Michael Jackson and Madonna, from the era's Wall Street scandals to the successes of Bill Gates and Sam Walton, from the first "war on terror" to the end of the Cold War and the brink of America's first war with Iraq, this history, lively and readable yet sober and unsparing, gives readers vital perspective on a decade that dramatically altered the American landscape.

The Great Inflation
The Great Inflation

Author: Michael D. Bordo

Publisher: University of Chicago Press

Published: 2013-06-28

Total Pages: 545

ISBN-13: 0226066959

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Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.

Choose Economic Freedom
Choose Economic Freedom

Author: George P. Shultz

Publisher: Hoover Press

Published: 2020-03-01

Total Pages: 78

ISBN-13: 0817923462

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What are the keys to good economic policy? George P. Shultz and John B. Taylor draw from their several decades of experience at the forefront of national economic policy making to show how market fundamentals beat politically popular government interventions—be they from Democrats or Republicans—as a recipe for success. Choose Economic Freedom reconstructs debates from the 1960s and 1970s about the use of wage and price controls as tools of policy, showing how brilliant economists can hold diametrically opposed views about the wisdom of using government intervention to spur the economy. Speeches and documents from the era include a recently unearthed memo from Arthur Burns, Federal Reserve chair, in 1971, in which he argues in favor of controls. Under Burns's guidance and in the face of stubborn inflation, Nixon introduced wage and price guidelines and freezes. But over the long run, these became a drag on the economy and ultimately failed. It wasn't until the Reagan administration that these controls were reversed, resulting in a vibrant economy. The words of iconic economist Milton Friedman—whose "free to choose" ethos inspired the free-market revolution of the Reagan era—along with lessons Shultz and Taylor learned from the front lines, demonstrate that tried-and-true economic policy works.

World Power Trends And U.S. Foreign Policy For The 1980s
World Power Trends And U.S. Foreign Policy For The 1980s

Author: Ray S. Cline

Publisher: Routledge

Published: 2019-07-15

Total Pages: 182

ISBN-13: 1000010422

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This book, based on information consolidated to cover the calendar years 1978 and 1979, assesses the power of nations in the international context as a basis for planning American defense and foreign policy. It suggests a realistic way of thinking about the balance of power in the 1980s.

Failure to Adjust
Failure to Adjust

Author: Edward Alden

Publisher: Rowman & Littlefield

Published: 2017-09-15

Total Pages: 269

ISBN-13: 1538109093

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*Updated edition with a new foreword on the Trump administration's trade policy* The vast benefits promised by the supporters of globalization, and by their own government, have never materialized for many Americans. In Failure to Adjust Edward Alden provides a compelling history of the last four decades of US economic and trade policies that have left too many Americans unable to adapt to or compete in the current global marketplace. He tells the story of what went wrong and how to correct the course. Originally published on the eve of the 2016 presidential election, Alden’s book captured the zeitgeist that would propel Donald J. Trump to the presidency. In a new introduction to the paperback edition, Alden addresses the economic challenges now facing the Trump administration, and warns that economic disruption will continue to be among the most pressing issues facing the United States. If the failure to adjust continues, Alden predicts, the political disruptions of the future will be larger still.

Politics and Economics in the Eighties
Politics and Economics in the Eighties

Author: Alberto Alesina

Publisher: University of Chicago Press

Published: 1991-11-15

Total Pages: 246

ISBN-13: 9780226012803

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Is the federal budget deficit a result of congressional deadlocks, gross miscalculation of economic trends, or a Republican strategy to tie the budgetary hands of future Democratic leadership? To what extend does the partisan split between Congress and the executive branch constrain the president's agenda? In this volume, political scientists and economists tackle these and many other contentious issues, offering a variety of analytical perspectives. Certain to provoke controversy, this interdisciplinary volume brings together policy experts to provide a coherent analysis of the most important economic policy changes of the 1980s. Through a detailed examination of voting patterns, monetary and fiscal policies, welfare spending, tax reform, minimum wage legislation, the savings and loan collapse, and international trade policy, the authors explore how politics can influence the direction of economic policymaking.

America Overcommitted
America Overcommitted

Author: Donald E. Nuechterlein

Publisher: University Press of Kentucky

Published: 2014-07-15

Total Pages: 249

ISBN-13: 0813164117

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Is the United States seriously overcommitted in its worldwide relationships? Donald Nuechterlein examines the foreign policy priorities of the United States as it enters the latter half of the 1980s and contemplates its future international role; he argues that whether the United States remains a superpower into the twenty-first century depends on how it decides its international priorities in this decade and then marshals its resources to defend and enhance them. The hard decisions needed to establish priorities among United States military and economic commitments abroad must be made if the United States is to remain financially strong and emotionally committed to an international rather than an isolationist foreign policy. In this book the author uses a conceptual framework he developed earlier to assess the nature and intensity of specific challenges to United States national interests. Nuechterlein analyzes seven geographical areas of the world in terms of the United States historical interests and suggests the future degree of interest that should be assigned to them. He also classifies thirty countries, in various parts of the world, in terms of their national interest value to the United States in the coming decade. Finally, he assesses the foreign policies of the Reagan administration in light of national interest priorities. America Overcommitted will be essential reading for makers of American foreign and national security policy, for journalists reporting on international affairs, for scholars seeking better ways to analyze United States foreign policy objectives, and for informed citizens who ask why the United States is involved militarily in all parts of the world. America Overcommitted is thus a guide to better decision making in foreign affairs in this critical decade.