Assuming Direct Control: The Beguiling Allure of Incomes Policies in Postwar America

@article{Milner2019AssumingDC,
  title={Assuming Direct Control: The Beguiling Allure of Incomes Policies in Postwar America},
  author={S. Milner},
  journal={Journal of Policy History},
  year={2019},
  volume={31},
  pages={42 - 71}
}
  • S. Milner
  • Published 2019
  • Economics
  • Journal of Policy History
Abstract: Histories of American economic policymaking after World War II often describe a “Fiscal Revolution,” in which Keynesian macroeconomic tools replaced the microeconomic regulations and reforms of the New Deal. This article challenges that narrative by demonstrating how the Keynesian economists responsible for the Fiscal Revolution relied upon incomes policies to ensure that inflation would not sabotage efforts to achieve full employment. In the 1960s, the White House Council of Economic… Expand