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Constant Full Employment Growth: The Economic Analysis and Policies of Leon Hirsch Keyserling, Council of Economic Advisors – The Truman Era and Beyond

W. Robert Brazelton

The American Economist, 2019, vol. 64, issue 1, 82-94

Abstract: This article discusses the generalized economic theories and policy prescriptions of Leon Hirsch Keyserling. Keyserling himself was a major author of the Employment Act of 1946, which created the Council of Economic Advisors. He became a member of the first council and later the second chair of the council, both during the Truman presidency. Keyserling also openly criticized the now-famous “Accord†of 1951-1952 between the Treasury and the Federal Reserve. Examination of his work and service links Keyserling’s later 16 economic policies to his goal of “constant full employment growth.†JEL Classifications : E21, E31, E40, E51, N12

Keywords: constant full employment growth; federal reserve accord; Tugwell; Keyserling; fiscal policy; monetary policy; Employment Act; Council of Economic Advisors; Heller; Friedman; pegging (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:sae:amerec:v:64:y:2019:i:1:p:82-94

DOI: 10.1177/0569434518761253

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