| Jimmy Carter's Economy: Policy in an Age of Limits Contributor(s): Biven, W. Carl (Author) |
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ISBN: 1469614553 ISBN-13: 9781469614557 Publisher: University of North Carolina Press OUR PRICE: $42.75 Product Type: Paperback - Other Formats Published: March 2014 |
| Additional Information |
| BISAC Categories: - Business & Economics | Economic History - History | United States - 20th Century - Political Science | Public Policy - Economic Policy |
| Dewey: 338.973 |
| LCCN: 2002003093 |
| Series: The Luther H. Hodges Jr. and Luther H. Hodges Sr. Business, Entrepreneurship, and Public P |
| Physical Information: 1.1" H x 6.1" W x 9.2" (1.60 lbs) 368 pages |
| Themes: - Chronological Period - 20th Century - Chronological Period - 1970's - Chronological Period - 1980's |
| Descriptions, Reviews, Etc. |
| Publisher Description: The massive inflation and oil crisis of the 1970s damaged Jimmy Carter's presidency. In Jimmy Carter's Economy, Carl Biven traces how the Carter administration developed and implemented economic policy amid multiple crises and explores how a combination of factors beyond the administration's control came to dictate a new paradigm of Democratic Party politics. Jimmy Carter inherited a deeply troubled economy. Inflation had been on the rise since the Johnson years, and the oil crisis Carter faced was the second oil price shock of the decade. In addition, a decline in worker productivity and a rise in competition from Germany and Japan compounded the nation's economic problems. The resulting anti-inflation policy that was forced on Carter included controlling public spending, limiting the expansion of the welfare state, and postponing popular tax cuts. Moreover, according to Biven, Carter argued that the ambitious policies of the Great Society were no longer possible in an age of limits and that the Democratic Party must by economic necessity become more centrist. |
Contributor Bio(s): Biven, W. Carl: - W. Carl Biven is professor emeritus of economics at the Georgia Institute of Technology. His previous books include Who Killed John Maynard Keynes?: Conflicts in the Evolution of Economic Policy. |