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Journal of Economic Perspectives: Vol. 11 No. 4 (Fall 1997)

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Retrospectives: The Economics of Leon Hirsch Keyserling

Article Citation

Brazelton, W Robert. 1997. "Retrospectives: The Economics of Leon Hirsch Keyserling." Journal of Economic Perspectives, 11(4): 189-197.

DOI: 10.1257/jep.11.4.189

Abstract

The economics of Leon H. Keyserling influenced the Roosevelt era in terms of housing, agriculture, labor, and antitrust legislation. During the Truman era, discussed herein, Keyserling was influential as chair of the Council of Economic Advisors, stressing long-term growth, general and selective fiscal, monetary, and interest rate policies, and the view that economic growth, equity, and welfare are tied together via a full employment goal. Thus he was a liberal Keynesian and a pragmatist realizing that the keys to prosperity were consumption (wages) and investment (profits).

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Authors

Brazelton, W. Robert (U MO)

JEL Classifications

B31: History of Thought: Individuals

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