The fiscal revolution in America

  title={The fiscal revolution in America},
  author={Herbert Stein},
This study chronicles the revolution in fiscal policy that occurred in the United States between the administrations of Herbert Hoover and John F.Kennedy. Unforeseen by any economist or school of economics, this period saw the doctrine of balancing the budget give way to the principle of managing government expenditures and taxes to ensure stability and growth. The author vividly relates how the thinking and decisions of the leading participants interacted with changing conditions, objectives… 
The Fiscal Revolution in America: A Reinterpretation
  • J. Hillyer
  • Economics, History
    Journal of Policy History
  • 2018
Abstract: Between the 1930s and early 1960s, U.S. economic policy underwent an important transformation, described by economist Herbert Stein as “The Fiscal Revolution in America.” During those
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