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
     
 

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

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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.

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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
Ch. 1How It Ended: The 1980 Campaign1
Ch. 2How It Began: The 1976 Campaign15
Ch. 3The New Administration: The Process of Economic Advice39
Ch. 4The Stimulus Package61
Ch. 5The Mondale Mission and the London Summit95
Ch. 6Strategy for Inflation123
Ch. 7The Bonn Summit145
Ch. 8Bonn and Oil: The Internal Debate163
Ch. 9The Worsening Inflation185
Ch. 10Government Actions and Inflation209
Ch. 11Enter Paul Volcker237
Ch. 12Jimmy Carter and the Age of Limits253
Notes265
Bibliography321
Index339

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