Synopses & Reviews
The thinking of John Maynard Keynes is still relevant to successful development of the advanced capitalistic system as is shown by evolution of economic thinking since World War II. The changes in economic thinking in the United States and in the world are described, with a chapter devoted to each presidency from Eisenhower to Clinton. The importance of Military Keynesianism in winning the Cold War is described along with similarities and differences between the various national administrations.
Review
A model of lucid, accessible and yet engaged economic writing. Professor Turgeon tells the fascinating story of how one vision of Keynesianism--the wrong one, in his view--came to America and what this has meant to our economic life since World War II. There are also some nice surprises, such as how policy under Kennedy and Reagan were actually very similar. For professors who want to make economic policy an exciting topic, this would be an excellent supplement to a principles course.Robert Pollin, Professor of Economics University of California-Riverside
Review
Lynn Turgeon has distilled a career's worth of observations of the world economy into a fascinating book, Bastard Keynesianism. This unique and innovative book seeks to understand the development of U.S. economic policy and its implications in relation to that in other countries from a truly Keynesian perspective....At all points Professor Turgeon forces the reader to rethink the impacts of past policies and why they did not bring about the results that could have been achieved....It is written in an engaging style and could serve as a supplement to introductory courses in macroeconomics.J. Barkley Rosser, Jr., Professor of Economics James Madison University
Synopsis
The thinking of John Maynard Keynes is relevant to the successful development of an advanced capitalist system as shown by recent evolution of economic thinking.
Description
Includes bibliographical references (p. [139]-149) and index.
About the Author
LYNN TURGEON is Professor Emeritus of Economics at Hofstra University.
Table of Contents
Preface
Introduction
Classical Keynesian Thinking
Economic Thinking during and after World War II
Eisenhower and the Rejection of Military Keynesianism
The Return of Military Keynesianism under Kennedy-Johnson
Conversion of President Nixon to Non-Military Keynesianism
The Non-Military Non-Keynesian Ford Interregnum
Jimmy Carter, the Populist and Military Non-Keynesian
Military Keynesian and Supply-Side President Ronald Reagan
George Bush, Another Non-Military, Non-Keynesian President
Can President Clinton Become a Non-Military Keynesian?
The Unraveling of Classical Keynesian Economics in the United States over the Past Half-Century
Where Do We Go from Here?
What Would Keynes Say Today?
Appendix A: Development of Keynesianism within the History of Economic Doctrines
Appendix B: What Is Military Keynesianism (and What Is the Alternative)?
Appendix C: Thinking about the Partial Devaluation of the Dollar
Appendix D: Incomes Policies at Home and Abroad
Appendix E: How Keynesian Are the Canadians?
Notes
Glossary
Annotated Bibliography