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  5. Retrospectives: The Economics of Leon Hirsch Keyserling

Journal of Economic Perspectives

ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)

Retrospectives: The Economics of Leon Hirsch Keyserling

  • W. Robert Brazelton
Journal of Economic Perspectives
vol. 11, no. 4, Fall 1997
(pp. 189–197)
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Abstract

The economics of Leon H. Keyserling influenced the Roosevelt era in terms of housing, agriculture, labor, and antitrust legislation. During the Truman era, discussed herein, Keyserling was influential as chair of the Council of Economic Advisors, stressing long-term growth, general and selective fiscal, monetary, and interest rate policies, and the view that economic growth, equity, and welfare are tied together via a full employment goal. Thus he was a liberal Keynesian and a pragmatist realizing that the keys to prosperity were consumption (wages) and investment (profits).

Citation

Brazelton, W Robert. 1997. "Retrospectives: The Economics of Leon Hirsch Keyserling." Journal of Economic Perspectives, 11 (4): 189–197. DOI: 10.1257/jep.11.4.189

JEL Classification

  • B31 History of Thought: Individuals
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