Guns, Butter, Leon Keyserling, the AFL‐CIO, and the Fate of Full‐Employment Economics

  title={Guns, Butter, Leon Keyserling, the AFL‐CIO, and the Fate of Full‐Employment Economics},
  author={Edmund F. Wehrle},
  journal={The Historian},
  pages={730 - 748}
9 Citations

“Welfare without the Welfare State”: Milton Friedman's Negative Income Tax and the Monetization of Poverty

Recent years have witnessed a marked revival of guaranteed-income proposals. Among these, Milton Friedman's negative income tax is one of the most successful ideas to establish a universal floor of

“The Old Economic Rules No Longer Apply”: The National Planning Idea and the Humphrey-Hawkins Full Employment Act, 1974–1978

  • P. Andelic
  • Economics, History
    Journal of Policy History
  • 2019
Abstract: The campaign to pass the Humphrey-Hawkins Full Employment Act has been misunderstood by many historians. Rather than a failed attempt to resuscitate New Deal Keynesianism by an exhausted

The Freedom Budget for All Americans as an Economic Plan

In the second part of the sixties, A. Philip Randolph and Bayard Rustin envisioned an ambitious economic plan aimed primarily at eradicating poverty and joblessness for all Americans and

Inside the Institution of Growthmanship: Reprising the Stagnation Hypothesis

Abstract: Growthmanship — the once institutionalized legacy of the Keynesian revolution in the US — holds that rapid, sustained growth in GDP should be (and can be) the uppermost macroeconomic policy

The origins and evolution of military Keynesianism in the United States

Abstract From after World War II until late 1971, the U.S. economy demonstrated new capacities in terms of macroeconomic stability during the so-called Golden Age: recessions were brief and shallow

Is it in the interest of the consumer to pay taxes? Transatlantic differences in postwar approaches to public consumption

This article is a comparative analysis of American and West German consumer policy and its underlying definition of the consumer interest during the decades following the Second World War. It traces

“Aid Where It Is Needed Most”: American Labor's Military–Industrial Complex

Between the late 1940s and mid-1960s, American organized labor emerged among the most enthusiastic supporters of the military–industrial complex. This study examines that emerging relationship,



The Vital Center, the Fair Deal, and the Quest for a Liberal Political Economy

"EVERY SEGMENT of our population and every individual has a right to expect from our Government a fair deal," declared Harry S. Truman in early 1949. In 1945 and 1946 the Truman administration had

Employment and the "New Economics"

The main focus of national economic and related social policies should be upon federally guaranteed full em ployment and a federally initiated nationwide system of guar anteed income for those who

Guns and Butter: The Pre‐Korean War Dispute Over Budget Allocations: Nourse's Conservative Keynesianism Loses Favor Against Keyserling's Economic Expansion Plan

. Focusing on the disagreement between Edwin Nourse and Leon Keyserling, two members of the first Council of Economic Advisers, the Truman Administration's gradual shift from Nourse's belief that a

Welfare and Warfare: American Organized Labor Approaches the Military-Industrial Complex, 1949-1964

In the decades following World War II, U.S. organized labor became a vigorous supporter of the military-industrial complex. Clearly, trade unionists appreciated the plentiful jobs produced by such