The Council of Economic Advisors and the "Full Employment Budget Concept": Keyserling before Heller!

W. Robert Brazelton
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W. Robert Brazelton: University of Missouri-Kansas City

Journal of Economic Insight, 2003, vol. 29, issue 2, 87-102

Abstract: This paper deals with the general concept of the Full Employment Budget (FEB) usually associated with Walter W. Heller as its originator and popularizer. Herein, however, an investigation will be made as to its earlier development by Leon H. Keyserling. This paper will be divided into five parts: a brief biographical sketch relevant to our purposes herein of both men; the main points of the FEB concept; an investigation of Keyserling's development of the FEB concept; Heller's path to his own utilization of the FEB concept, including a statement by Heller contributing the FEB concept to the earlier works of Keyserling in the Truman Administration; and a concluding summary.

JEL-codes: B20 B31 E20 E5 E6 (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:mve:journl:v:29:y:2003:i:2:p:87-102

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