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The Public Use of Private Interest
According to conventional wisdom, government may intervene when private markets fail to provide goods and services that society values. This view has led to the passage of much legislation and the creation of a host of agencies that have attempted, by exquisitely detailed regulations, to compel legislatively defined behavior in a broad range of activities affecting society as a whole—health care, housing, pollution abatement, transportation, to name only a few. Far from achieving the goals of the legislators and regulators, these efforts have been largely ineffective; worse, they have spawned endless litigation and countless administrative proceedings as the individuals and firms on who th...
Thinking Like an Economist
Thinking like an Economist -- The Economic Style and Its Antecedents -- How to Make Government Decisions -- How to Govern Markets -- The Economic Style and Social Policy -- The Economic Style and Market Governance -- The Economic Style and Social Regulation -- How the Economic Style Replaced the Democratic Left -- The Economic Style in the Age of Reagan -- Conclusion.
Jimmy Carter's Economy
The massive inflation and oil crisis of the 1970s damaged Jimmy Carter's presidency. In Jimmy Carter's Economy, Carl Biven traces how the Carter administration developed and implemented economic policy amid multiple crises and explores how a combination of factors beyond the administration's control came to dictate a new paradigm of Democratic Party politics. Jimmy Carter inherited a deeply troubled economy. Inflation had been on the rise since the Johnson years, and the oil crisis Carter faced was the second oil price shock of the decade. In addition, a decline in worker productivity and a rise in competition from Germany and Japan compounded the nation's economic problems. The resulting anti-inflation policy that was forced on Carter included controlling public spending, limiting the expansion of the welfare state, and postponing popular tax cuts. Moreover, according to Biven, Carter argued that the ambitious policies of the Great Society were no longer possible in an age of limits and that the Democratic Party must by economic necessity become more centrist.
Hearings
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The Presidents and the Poor
Declaring a War on Poverty in 1964, President Lyndon Baines Johnson proclaimed: “We shall not rest until that war is won.” Since then, nine presidents have come and gone, each taking up the campaign in his own way—but the poor are still here. While all of these presidents have helped produce meaningful changes in the lives of the nation’s underclass, their setbacks have been at least as notable as their successes. The Presidents and the Poor asks why. This book is the first thorough study of the policies and politics of the presidents from Johnson to Barack Obama—what they did right and how they went wrong—in over half a century of fighting poverty. Many factors conspired to frus...
The Political Failure of Employment Policy, 1945–1982
This political history analyzes the failure of the United States to adopt viable employment policies, follows U.S. manpower training and employment policy from the 1946 Employment Act to the Job Training Partnership Act of 1982. Between these two landmarks of legislation in the War on Poverty, were attempts to create public service employment (PSE), the abortive Humphrey-Hawkins Act, and the beleaguered Comprehensive Employment and Training Act (CETA).Mucciaroni's traces the impact of economic ideas and opinions on federal employment policy. Efforts at reform, he believes, are frustrated by the tension between economic liberty and social equality that restricts the role of government and hol...
