Budget Deficits, Stabilisation Policy and Liquidity Preference: Keynes’s Post-War Policy Proposals

  • J. A. Kregel
Part of the Keynesian Studies book series (KST)


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


Budget Deficit Full Employment Transfer Payment Public Capital Capital Expenditure 
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Copyright information

© Gius. Laterza & Figli, Rome 1985

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  • J. A. Kregel

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