Bastard Keynesianism: The Evolution of Economic Thinking and Policy-Making Since World War II

(Paperback)

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The thinking of John Maynard Keynes is still relevant to successful development of the advanced capitalistic system as is shown by evolution of economic thinking since World War II. The changes in economic thinking in the United States and in the world are described, with a chapter devoted to each presidency from Eisenhower to Clinton. The importance of Military Keynesianism in winning the Cold War is described along with similarities and differences between the various national administrations.

Reviews

"A model of lucid, accessible and yet engaged economic writing. Professor Turgeon tells the fascinating story of how one vision of Keynesianism--the wrong one, in his view--came to America and what this has meant to our economic life since World War II. There are also some nice surprises, such as how policy under Kennedy and Reagan were actually very similar. For professors who want to make economic policy an exciting topic, this would be an excellent supplement to a principles course."-Robert Pollin, Professor of Economics University of California-Riverside
"Lynn Turgeon has distilled a career's worth of observations of the world economy into a fascinating book, Bastard Keynesianism. This unique and innovative book seeks to understand the development of U.S. economic policy and its implications in relation to that in other countries from a truly Keynesian perspective....At all points Professor Turgeon forces the reader to rethink the impacts of past policies and why they did not bring about the results that could have been achieved....It is written in an engaging style and could serve as a supplement to introductory courses in macroeconomics."-J. Barkley Rosser, Jr., Professor of Economics James Madison University
"Professor Turgeon's book is a welcome antidote to the bane of (in his words) 'the three Ms: monetarism, militarism and mercantilism, ' and a timely reminder of how much economists and policy-makers still have to learn from John Maynard Keynes."-Thomas E. Weisskopf, Professor of Economics University of Michigan

Author Bio

LYNN TURGEON is Professor Emeritus of Economics at Hofstra University. He is the author of The Contrasting Economics (1963 and 1969), The Advanced Capitalist System (1980), and State and Discrimination (1989).