Paul W. McCracken was an outstanding economist whose career spanned the spheres of academia, business, and government. This book, written by Sidney L. Jones, Special Assistant to McCracken when he was Chairman of the Council of Economic Advisers to the President in 1969, has the advantage of both his personal perspective and access to McCracken's documents at the University of Michigan. The work examines economic policy adjustments, historical comparisons in preparing economic policy recommendations, the process of combining economic theories, and much more. Economists in the academic world, in business, or in politics will all profit from this remarkable book.
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About the Author
Sidney L. Jones is Visiting Professor at the University of North Carolina at Chapel Hill, and served as Senior Economist and Special Assistant to Paul McCracken.
Table of Contents
Chapter 1 Becoming an Economic Policy Adviser Chapter 2 The Role of an Economic Policy Adviser Chapter 3 Organization of the Economic Advisory Functions Chapter 4 The Economic Transition from War to Peace Chapter 5 Economic Transition and the Council Chapter 6 The New Economics: 1960-1968 Chapter 7 Change in the Economic Game Plan: 1968-1969 Chapter 8 The Gradualism Policy Program: 1969 Chapter 9 Economy in Transition: 1970 Chapter 10 Incomes Policies on the Side Track Chapter 11 The New Economic Program: August 15, 1971 Chapter 12 The Turbulent Period: 1971-1974 Chapter 13 Return to Washington: Changing Presidents Chapter 14 Towards Full Employment and Price Stability Chapter 15 Private Economic Adviser Chapter 16 Economic Policy Lessons and Recommendations Chapter 17 Selected Writings of Paul W. McCracken Chapter 18 Bibliography