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5 books match the query '1971-1981'

cover of Economic Policy Beyond the Headlines

Economic Policy Beyond the Headlines

George P. Shultz and Kenneth W. Dam

University of Chicago Press, 1998

Drawing from their experience as government insiders, George P. Shultz and Kenneth W. Dam show how economic policy is shaped at the highest levels of government. They reveal the interconnections between economic, social, and international policy, covering issues such as the advocacy system and the role of the individual in shaping policy. A new chapter, 'A Changed World,' explores the various influences of our increasingly global economy on economic strategy. With rare candor, authority and breadth of vision, Shultz and Dam have produced a brilliant introduction to economic policy, its principles, and practice.

"A model of brevity and lucidity . . . [Economic Policy Beyond the Headlines] incorporates a unique and rewarding blend of economic reasoning with a high level of political awareness . . . enriched by the wide personal experience in government of the authors."—Albert T. Sommers, Across the Board

"[Shultz and Dam] help foreign readers to understand why the world looks so different from Washington. . . . This book should provide the model."—The Economist

"A wise and valuable book showing great insight into the realities of economic policy making."—Henry A. Kissinger
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cover of Meltdown Expected: Crisis, Disorder, and Upheaval at the end of the 1970s

Meltdown Expected

Crisis, Disorder, and Upheaval at the end of the 1970s

Aaron J. Leonard

Rutgers University Press, 2024

In January 1978, President Jimmy Carter proclaimed that “There is all across our land a growing sense of peace and a sense of common purpose.” Yet in the ensuing months, a series of crises disturbed that fragile sense of peace, ultimately setting the stage for Reagan’s decisive victory in 1980 and ushering in the final phase of the Cold War. 
 
Meltdown Expected tells the story of the power shifts from late 1978 through 1979 whose repercussions are still being felt. Iran’s revolution led to a hostage crisis while neighbouring Afghanistan became the site of a proxy war between the USSR and the US, who supplied aid to Islamic mujahideen fighters that would later form the Taliban. Meanwhile, as tragedies like the Jonestown mass suicide and the assassination of Harvey Milk captured the nation’s attention, the government quietly reasserted and expanded the FBI’s intelligence powers. Drawing from recently declassified government documents and covering everything from Three Mile Island to the rise of punk rock, Aaron J. Leonard paints a vivid portrait of a tumultuous yet pivotal time in American history. 
 
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cover of Rational Expectations and Economic Policy

Rational Expectations and Economic Policy

Edited by Stanley Fischer

University of Chicago Press, 1982

"Several areas in economics today have unprecedented significance and vitality. Most people would agree that stabilization policy ranks with the highest of these. Continuing inflation and periodic serious acceleration of inflation combined with high and secularly rising unemployment combine to give the area high priority. This book brings us up to date on an extremely lively discussion involving the role of expectations, and more particularly rational expectations, in the conduct of stabilization policy. . . . Anyone interested in the role of government in economics should read this important book."—C. Glyn Williams, The Wall Street Review of Books

"This is a most timely and valuable contribution. . . . The contributors and commentators are highly distinguished and the editor has usefully collated comments and the ensuing discussion. Unusually for a conference proceedings the book is well indexed and it is also replete with numerous and up-to-date references. . . . This is the first serious book to examine the rational expectations thesis in any depth, and it will prove invaluable to anyone involved with macroeconomic policy generally and with monetary economics in particular."—G. K. Shaw, The Economic Journal
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cover of The Barbaric Counter Revolution: Cause and Cure

The Barbaric Counter Revolution

Cause and Cure

By W. W. Rostow

University of Texas Press, 1983

In the 1980s, troubled Americans saw interest rates in the United States climb to an alltime high, unemployment grow to over 10 percent, the federal deficit reach near monumental proportions, and the world economy as a whole fall stagnant.

Why did a once booming world economy give way to stagflation? Economist W. W. Rostow finds the roots of the problem in the phenomenon he terms the Barbaric Counter-Revolution—the effort to wring inflation out of the economic system by the rigorous application of a restricted rate of increase in the money supply. This policy was launched by the Carter administration in October 1979, reinforced by President Reagan in mid 1980, and abandoned in August 1982. In the end, it provided the United States with no mechanism for rapid recovery that did not bring with it a return to high interest rates, resumed inflation, and, soon, another recession.

In what he terms a Civilized Synthesis, Rostow sets forth a series of new policies that would permit rapid, sustained growth with inflation under control. He argues that fiscal and monetary policy must be joined by an incomes policy that would gear the rate of increase of wages and salaries to the average rate of increase in productivity. He explores how this could be accomplished within the context of American politics and existing institutions. Finally, Rostow identifies four directions for investment that, together, would yield economic and social benefits.

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cover of Wrecked: The Edmund Fitzgerald and the Sinking of the American Economy

Wrecked

The Edmund Fitzgerald and the Sinking of the American Economy

Thomas M Nelson

Michigan State University Press, 2025

Wrecked links the story of America’s most infamous shipwreck to the story of an even larger disaster—the wreck of the American industrial economy. When the Edmund Fitzgerald went down in a Lake Superior storm on November 10, 1975, more was lost than the ship and the twenty-nine lives on board. The disaster was a human tragedy as well as an indictment of the American industrial policies that eventually cost the nation thousands of jobs and marooned hundreds of communities. Written with a passionate yet factually grounded intensity, Wrecked shows that the reasons for the decline of industrial manufacturing in the upper Midwest are linked to why the Edmund Fitzgerald sank, and to the legal turmoil that followed for the victims’ families. The book conveys the sense of loss that still is felt by those affected, along with the outrage over the disappearance of manufacturing jobs and the inadequate maintenance and legal maneuvering over liability for the sinking of the ship. What follows is a fascinating critique of what went wrong and why.
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