Jimmy Carter's Economy: Policy in an Age of Limits (The Luther H. Hodges Jr. and Luther H. Hodges Sr. Series on Business, Entrepreneurship and Public Policy) - Softcover

Biven, W. Carl

Softcover

ISBN 10: 1469614553 ISBN 13: 9781469614557

Publisher: The University of North Carolina Press, 2014

Synopsis

The massive inflation and oil crisis of the 1970s damaged Jimmy Carter's presidency. In Jimmy Carter's Economy, Carl Biven traces how the Carter administration developed and implemented economic policy amid multiple crises and explores how a combination of factors beyond the administration's control came to dictate a new paradigm of Democratic Party politics.

Jimmy Carter inherited a deeply troubled economy. Inflation had been on the rise since the Johnson years, and the oil crisis Carter faced was the second oil price shock of the decade. In addition, a decline in worker productivity and a rise in competition from Germany and Japan compounded the nation's economic problems. The resulting anti-inflation policy that was forced on Carter included controlling public spending, limiting the expansion of the welfare state, and postponing popular tax cuts. Moreover, according to Biven, Carter argued that the ambitious policies of the Great Society were no longer possible in an age of limits and that the Democratic Party must by economic necessity become more centrist.

About this title

Book Description

"W. Carl Biven offers a deeply researched, fine-grained history of policy-making in the Carter administration . . . Jimmy Carter's Economy makes a valuable contribution to the history of public policy and economic thought in this crucial period. . . . [Biven's] book puts important evidentiary flesh on what had remained a skeletal interpretation of the Carter administration as a transitional presidency."-- Journal of Southern History

From the Inside Flap

Carl Biven traces how the Carter administration developed and implemented economic policy amid multiple crises and explores how a combination of factors beyond the administration's control came to dictate a new paradigm of Democratic Party politics.

About this edition

• Publisher: The University of North Carolina Press
• Publication date: 2014
• ISBN 10: 1469614553
• ISBN 13: 9781469614557
• Binding: Paperback
• Number of pages: 368