Economist in an Uncertain World: Arthur F. Burns and the Federal Reserve, 1970-1978

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Overview

As the Chairman of the powerful Federal Reserve Board during most of the 1970s, Burns presided over what many see as the demise of the postwar economic order. Wells goes beyond demonstrating that Burns greatly influenced the ways that Americans dealt with the crises of the 1970s to posit that an examination of Burns' tenure helps to explain the U.S. economy today.

Columbia University Press

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Editorial Reviews

Journal of American History
An account of Federal Reserve monetary policies from the vantage point of the chairman's office, as revealed by Burns' papers and the official records of the Federal Reserve. The book has been well researched, and Wells has exploited his sources skillfully.
Booknews
Wells (U. of Tennessee) details the life and work of Burns, an economist whose ideas have become central themes in political and economic life today. Burns presided as Chairman of the Federal Reserve Board through most of the 1970s, during the demise of the long postwar economic boom. Wells explains how Burns' handling of the financial crisis, and his focus on supply side economics as a way to deal with the combination of inflation and recession, influenced America's future economic development. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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