Jimmy Carter's Economy: Policy in an Age of Limits / Edition 1

Jimmy Carter's Economy: Policy in an Age of Limits / Edition 1

by W. Carl Biven
     
 

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ISBN-10: 080782738X

ISBN-13: 9780807827383

Pub. Date: 10/14/2002

Publisher: The University of North Carolina Press

The massive inflation and oil crisis of the 1970s damaged Jimmy Carter's presidency. In Jimmy Carter's Economy, Carl Biven traces how the Carter administration developed and implemented economic policy amid multiple crises and explores how a combination of factors beyond the administration's control came to dictate a new paradigm of Democratic Party politics

Overview

The massive inflation and oil crisis of the 1970s damaged Jimmy Carter's presidency. In Jimmy Carter's Economy, Carl Biven traces how the Carter administration developed and implemented economic policy amid multiple crises and explores how a combination of factors beyond the administration's control came to dictate a new paradigm of Democratic Party politics.

Jimmy Carter inherited a deeply troubled economy. Inflation had been on the rise since the Johnson years, and the oil crisis Carter faced was the second oil price shock of the decade. In addition, a decline in worker productivity and a rise in competition from Germany and Japan compounded the nation's economic problems. The resulting anti-inflation policy that was forced on Carter included controlling public spending, limiting the expansion of the welfare state, and postponing popular tax cuts. Moreover, according to Biven, Carter argued that the ambitious policies of the Great Society were no longer possible in an age of limits and that the Democratic Party must by economic necessity become more centrist.

Product Details

ISBN-13:
9780807827383
Publisher:
The University of North Carolina Press
Publication date:
10/14/2002
Series:
The Luther H. Hodges Jr. and Luther H. Hodges Sr. Series on Business, Entrepreneurship, and Public Policy
Edition description:
1
Pages:
368
Product dimensions:
6.12(w) x 9.25(h) x 1.00(d)

Table of Contents


Preface Acknowledgments
1 How It Ended: The 1980 Campaign
2 How It Began: The 1976 Campaign
3 The New Administration: The Process of Economic Advice
4 The Stimulus Package
5 The Mondale Mission and the London Summit
6 Strategy for Inflation
7 The Bonn Summit
8 Bonn and Oil: The Internal Debate
9 The Worsening Inflation
10 Government Actions and Inflation
11 Enter Paul Volcker
12 Jimmy Carter and the Age of Limits Notes Bibliography Index

Illustrations

Carter and Charles Schultze Carter and James McIntyre Carter and some members of the economic policy group First meeting of the Quadriad Carter and his advisers at a meeting with George Meany Bonn summit Alfred Kahn with Stuart Eizenstat and John Wright Carter awaiting the start of his October 24, 1978, inflation speech Carter at an inflation breakfast Alfred Kahn addresses the cabinet Meeting on budget revision, early 1980
William Miller and Carter Paul Volcker with William Miller and Alfred Kahn

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