Stalemate: Political Economic Origins of Supply-Side Policy

Overview

Stalemate examines the politics of economic policy formation in the postwar United States. This volume critically reinterprets political sociological approaches to the contemporary state/economy relationship. Mainstream and radical accounts of policymaking processes are compared, and a synthesis is proposed between pluralist, elite, and class-based approaches. The core of this book is a detailed analysis of the origins of the supply-side shift under Kennedy. Winant first empirically examines the explicitly ...

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Overview

Stalemate examines the politics of economic policy formation in the postwar United States. This volume critically reinterprets political sociological approaches to the contemporary state/economy relationship. Mainstream and radical accounts of policymaking processes are compared, and a synthesis is proposed between pluralist, elite, and class-based approaches. The core of this book is a detailed analysis of the origins of the supply-side shift under Kennedy. Winant first empirically examines the explicitly supply-side economic policy initiative, the so-called Kennedy tax cut or Revenue Act of 1964. This initiative set the stage for economic policymaking from the New Frontier to Reagonomics, as Reagan and his advisers frequently acknowledge. The continuity of policy in this crucial time from 1964 to 1984 remains largely unacknowledged in the literature.

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Product Details

  • ISBN-13: 9780275928063
  • Publisher: Greenwood Publishing Group, Incorporated
  • Publication date: 2/4/1988
  • Pages: 218

Meet the Author

HOWARD A. WINANT is Political Sociologist at Temple Univeristy.

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Table of Contents

Preface

Part I: Approaches to Economics Policy Formation

Introduction

Policy Formation: Mainstream and Radical Theories

Part II: From Stabilization to Pro-Growth Policy: Executive Branch Formulation of the Revenue Act Proposal

Introduction

Theoretical Arguments for Growth Policy

Drafting the Revenue Act Proposal

The Elite Politics of Economic Stimulation

Part III: From Pro-Growth Policy to the Politics of Compromise: Enacting the Revenue Act of 1964

Introduction

The Administration's Bill

Legislative Process-Early Stage

Legislative Process-Late Stage

Taxation, Legislation, and Pluralism

The Advanced Capitalist State and Economic Policy Formation

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