The rotten fruits of economic controls and the rise from the ashes, 1965-1989 / Thomas E. Hall.

Format:

Book

Author/Creator:

Hall, Thomas E. (Thomas Emerson), 1954-

Language:

English

Subjects (All):

United States--Economic policy--1961-1971.

United States.

Economic policy.

United States--Economic policy--1971-1981.

United States--Economic policy--1981-1993.

Physical Description:

xvi, 280 pages : illustrations ; 23 cm

Place of Publication:

Lanham, Md. : University Press of America, [2003]

Contents:

Chapter 1 Perverse Economic Policies Can Destroy an Economy

1.1 The Depression Expanded the Role of Government

1.2 Controlling Exchange Rates

1.3 Bill Phillips's Discovery

1.4 Problems Develop

1.5 Sayonara to the Phillips Curve

1.6 Some Indicators of Instability

1.7 The Wrong Conclusion

Chapter 2 The Phillips Curve

2.1 Bill Phillips

2.2 Paul Samuelson and Robert Solow

2.3 The Critical Misinterpretation

2.4 Milton Friedman and Edmund Phelps

2.5 America Discovers Inflationary Expectations

Chapter 3 Bretton Woods

3.1 Competing Plans

3.2 How the System Worked

3.3 Foreign Exchange Markets

3.4 The World Before Bretton Woods

3.5 In The Beginning

3.6 Dollar Shortage to Dollar Glut

3.7 Crisis?

Chapter 4 Inflation and the Federal Reserve

4.1 Arthur Burns

4.2 Phantom Excess Capacity and the Perils of Interest Rate Targeting

4.3 Boom and Recession

4.4 No Learning Curve?

4.5 William Who?

Chapter 5 Regulation Q

5.1 Regulating Deposit Rates

5.2 Depository Institutions Before Deregulation

5.3 Some Facts About the Housing Cycle

5.4 Hitting the Ceiling

5.5 The Financial Industry's Response

5.6 The Short End of the Stick

Chapter 6 Wage and Price Controls in Action

6.1 It's Politics, Not Economics

6.2 The Big Mistake

6.3 The Reality of Wage and Price Controls

6.4 Phase What?

6.5 What Was the Federal Reserve Doing?

Chapter 7 Energy Crisis, Act I: Price Controls, Import Quotas, and the Oil Embargo

7.1 Price Controls on Natural Gas

7.2 Distortions in the Oil Market

7.2.A Import Quotas

7.2.B The Formation of OPEC

7.3 The Oil Embargo

7.4 The U.S. Policy Response: More Controls

7.5 The Energy Crisis (I) in Sum

Chapter 8 The 1973-1975 Recession

8.1 Aggregate Supply and Demand

8.2 The Construction Industry

8.3 The U.S. Auto Industry: Layoffs by the Thousands

8.4 Gas Guzzlers and Imports

8.5 Sharing the Blame

Chapter 9 The Energy Crisis, Act II: The Moral Equivalent of War (MEOW)

9.1 An Overheated Economy

9.2 The Litany Continues: More Bad Energy Policies

9.3 The 1977-1978 Oil Glut

9.4 The Second Oil Crisis, 1978-1979

9.5 U.S. Economic Performance in 1979

Chapter 10 Paul Volcker at the Federal Reserve

10.1 Paul Volcker

10.2 New Operating Procedures

10.3 The 1980 Recession

10.4 The Monetary Control Act of 1980

Chapter 11 Reaganomics

11.1 Ronald Reagan

11.2 Cutting Taxes

11.3 Reducing Inflation

11.4 The U.S. Defense Build-Up

11.5 Slower Spending Growth

11.6 Deregulation

11.7 A Change of Direction

Chapter 12 The 1981-1982 Recession

12.1 The Collapse in Aggregate Demand Growth

12.2 Regional Depressions

12.3 The Good News: Inflation Relief

12.4 Laying the Foundation

Chapter 13 The 1980s Economic Expansion

13.1 Aggregate Demand

13.1.A Monetary Policy

13.1.B Fiscal Policy

13.1.C Additional Demand Factors

13.2 Aggregate Supply

13.3 The Phillips Curve in Action

Chapter 14 A Summing Up

14.1 An Intellectual Revolution

14.2 Ongoing Controversy

14.3 Be Ever Vigilant.

Notes:

Includes bibliographical references (pages [257]-271) and index.

ISBN:

0761826807

0761826815

OCLC:

53866548