Keynesianism, Pennsylvania Avenue Style
Some Economic Consequences of the Employment Act of 1946
Bibliographic Data
| ID | 4030201 |
|---|---|
| Authors | J Bradford De Long (Associate Professor of Economics, University of California, Berkeley, California, and Research Associate, National Bureau of Economic Research, Cambridge, Massachusetts., corresponding author) |
| Year | 1996 |
| Volume | 10 |
| Issue | 3 |
| Pages | 41-53 |
| Publication date | 1996-08-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.10.3.41 |
| OpenAlex | W1570712735 |
| Language | EN |
| Citations received | 7 |
| References cited | 3 |
The Employment Act of 1946 created the Council of Economic Advisers (CEA)--and served as a convenient marker of the government's acceptance of the burden of stabilizing the macroeconomy. The willingness of post-WWII governments to let automatic stabilizers function in recessions may well have moderated the post-WWII business cycle. The CEA has also served as an advocate of allocative efficiency in economic policy. Its relative success can be primarily ascribed to Chairman Arthur Burns, who hired a CEA staff composed of short-term appointees whose principal loyalty was to economic rationality
Allocative efficiency · Business cycle · Economic policy · Economics · Great Depression · Insolvency · Keynesian economics · Law and economics · Neoclassical economics · Political economy · Political science · Recession · Economic Theory and Institutions · Economic Theory and Policy · Law · Finance
The Joint Economic Committee in the Early 1980s
Public Choice Theory for Political Sociology
Income inequality and social institutions
Toward Economic Sociology/Socio-Economics? Sociological Components in Contemporary Economics and Implications for Sociology
Economics as a Multi-Paradigmatic Science
The monetary exception
Sociologics of the economy
| Unique citing works | 7 |
|---|---|
| Citations per year | 0,26 |
| Citation span | 1999 - 2018 (20) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 6 |