Published by:
Harvard Business Publishing
Length: 6 pages
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Abstract
Two new books, The Power of the Financial Press: Journalism and Economic Opinion in Britain and America by Wayne Parsons and The Growth Experiment: How the New Tax Policy is Transforming the U.S. Economy by Lawrence B. Lindsay, examine the supply-side revolution. Parsons focuses on its grass-roots origins and the role played by the business press but ignores university economists'' contributions. Lindsey propounds that those university economists were the ones who led people to reject Keynesianism, but he overstates the successes of the new economics and perpetuates lower taxes as a cure-all.
About
Abstract
Two new books, The Power of the Financial Press: Journalism and Economic Opinion in Britain and America by Wayne Parsons and The Growth Experiment: How the New Tax Policy is Transforming the U.S. Economy by Lawrence B. Lindsay, examine the supply-side revolution. Parsons focuses on its grass-roots origins and the role played by the business press but ignores university economists'' contributions. Lindsey propounds that those university economists were the ones who led people to reject Keynesianism, but he overstates the successes of the new economics and perpetuates lower taxes as a cure-all.