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Econoclasts : the rebels who sparked the supply-side revolution and restored American prosperity

Author: Brian Domitrovic
Publisher: Wilmington, Del. : ISI Books, ©2009.
Series: Culture of enterprise series.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"Ever since America descended into economic crisis the comparisons to the Great Depression have come fast and furious. Incredibly, we have heard almost nothing about a much more recent economic calamity: the ruinous "stagflation" of the 1970s - the second-worst decade in American economic history. But now, in the riveting, groundbreaking book Econoclasts, historian Brian Domitrovic reminds us that the twentieth
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Additional Physical Format: Online version:
Domitrovic, Brian.
Econoclasts.
Wilmington, Del. : ISI Books, ©2009
(OCoLC)619180042
Document Type: Book
All Authors / Contributors: Brian Domitrovic
ISBN: 9781935191254 193519125X
OCLC Number: 324782051
Description: 358 pages ; 24 cm.
Contents: Pt. I. "A reconsideration of the twentieth century" --
That '70s funk --
1913 --
A hotel in New Hampshire --
Bitter fruits --
pt. II. Demimondes --
Michael 1 --
The hill --
Revolt --
Malaise --
pt. III. In the arena --
ERTA --
"Now, money" --
Belle Époque --
The world over.
Series Title: Culture of enterprise series.
Responsibility: Brian Domitrovic.

Abstract:

Presents the story of the economists, intellectuals, journalists, and policy wonks who showed America how to get out of the 1970s funk and who ushered in an unprecedented quarter-century run of  Read more...

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"Should serve as a roadmap to revitalizing the private sector. This sharply written, thoroughly-researched narrative weaves together financial history, economic doctrine, and character study so Read more...

 
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   schema:description "Pt. I. "A reconsideration of the twentieth century" -- That '70s funk -- 1913 -- A hotel in New Hampshire -- Bitter fruits -- pt. II. Demimondes -- Michael 1 -- The hill -- Revolt -- Malaise -- pt. III. In the arena -- ERTA -- "Now, money" -- Belle Époque -- The world over."@en ;
   schema:description ""In a pulsing narrative, Domitrovic tells the remarkable story of the economists, journalists, Washington staffers, and (ultimately) politicians who showed America how to get out of the 1970s funk and ushered in an unprecedented quarter-century run of growth and opportunity."@en ;
   schema:description ""Based on the author's years of archival research, Econoclasts explodes numerous myths about supply-side economics, including its "creation myth"--The famous incident in which Laffer sketched a simple curve on a napkin. Domitrovic conclusively demonstrates that supply-side advocates did not invent a doctrine out of whole cloth. Their central insight was that the two massive means of governmental intrusion in the economy - the income tax and the Federal Reserve - play the primary role in starting and perpetuating any economic crisis."@en ;
   schema:description "Here we meet Robert Mundell, the brilliant economist who held court over martinis in a Manhattan steakhouse; his gregarious cohort Arthur Laffer, chief economist on the president's budget staff at the tender age of thirty; Robert Bartley, the Wall Street Journal's reticent editorial-page editor who became the first impresario of supply-side economics; Jack Kemp, the football-star-turned-congressman who led the fight to turn supply-side theory into practice; Norman Ture, the relentless economic forecaster who faced down Alan Greenspan; Jude Wanniski, the eccentric, hot rod-driving reporter whose best-selling book touched off the supply-side revolution; and a host of other fascinating figures who helped upend the economic establishment.""@en ;
   schema:description "What's more, Domitrovic shows that the specific combination of tax cuts and stable money had an unbroken record of success long before it went by the name "supply-side economics": in 1962, when JFK ended the economic sluggishness that had brought three recessions in Eisenhower's eight-year presidency; in 1947, when the United States embarked on the postwar boom; and in 1922, when Treasury Secretary Andrew Mellon inaugurated the Roaring '20s by imploring the Fed to keep the price level stable and arranging for Congress to slash income-tax rates."--Jacket."@en ;
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