Rewarding is Campagna's broad-sweep analysis of US macroeconomic policy under the several political regimes since WW I, evaluating whether these policies were justified, successful, and rational. Impressive historical scholarship brings alive the views and personalities of the times and provides immense detail concerning economic settings and problems of each period. Choice
This book examines the various economic problems of the past 70 years and critically evaluates what has been done to solve them. Claiming that previous macroeconomic policies have not been successful largely because of political problems, the book presents a cogent argument for the need for new institutions to conduct rational policies in the future.
ANTHONY S. CAMPAGNA is Professor and Chairman of the Economics Department at the University of Vermont.
Preface
Introduction
The Record and Early Years
The Record of the United States Economy
The Aftermath of War
The Convulsive 1920s
The Great Depression and World War II
The Great Depression
The New Deal
The Economy in World War II
The Truman Administration
The Postwar Years and New Directions
The Eisenhower Administration and the 1950s
John F. Kennedy and the New Frontier
Lyndon B. Johnson and the Great Society
Economic Policy in a Changing World
Richard M. Nixon and the Imperial Presidency
The Ford Administration
The Carter Administration
The Reagan Administration and the Economics of Joy
Conclusions
Summary and Future Prospects
Bibliography
Index