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The Political Economy of the Employment Act of 1946

  • Donald R. Stabile
Chapter

Abstract

This chapter will describe Truman’s economic policies before and after the legislation of the Employment Act. In his early speeches, he made it clear that he wanted to put in place the programs called for by Roosevelt’s Second Bill of Rights. From a review of his Economic Reports of the President that were required by the Act, the chapter will describe how Truman bundled Keynesian economics as a way of stabilizing the economy with the political economy of a living wage as redefined by Roosevelt’s Second Bill of Rights to establish the hybrid system of redistributive economics.

Keywords

Employment Act Economic Report of the President Fiscal policy Economic justice Minimum wage 

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Donald R. Stabile
    • 1
  1. 1.Department of EconomicsSt. Mary’s College of MarylandSt. Mary’s CityUSA

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