Abstract
Economists are often accused of being out of touch not only with the real world but with common opinion. The early 1960s are today regarded with nostalgia by many economists as the period in which ‘Keynesian’ policies ‘worked’. In the United States these were the Kennedy-Johnson Years of the New Frontier and the Great Society based on the sustained growth in GNP generated by Walter Heller’s tax cut.1
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© 1985 Gius. Laterza & Figli, Rome
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Kregel, J.A. (1985). Budget Deficits, Stabilisation Policy and Liquidity Preference: Keynes’s Post-War Policy Proposals. In: Vicarelli, F. (eds) Keynes’s Relevance Today. Keynesian Studies. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-17834-6_3
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DOI: https://doi.org/10.1007/978-1-349-17834-6_3
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