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Macroeconomic policy and a living wagethe employment act as redistributive economics, 1944-1969 /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Macroeconomic policy and a living wageby Donald R. Stabile.
Reminder of title:	the employment act as redistributive economics, 1944-1969 /
Author:	Stabile, Donald R.
Published:	Cham :Springer International Publishing :2018.
Description:	xvii, 290 p. :ill., digital ;24 cm.
Contained By:	Springer eBooks
Subject:	WagesGovernment policyUnited States
Online resource:	https://doi.org/10.1007/978-3-030-01998-3
ISBN:	9783030019983$q(electronic bk.)

Macroeconomic policy and a living wagethe employment act as redistributive economics, 1944-1969 /
Stabile, Donald R.

Macroeconomic policy and a living wagethe employment act as redistributive economics, 1944-1969 /[electronic resource] :by Donald R. Stabile. - Cham :Springer International Publishing :2018. - xvii, 290 p. :ill., digital ;24 cm.

1. The Hybrid System of Redistributive Economics -- 2. Background of the Employment Act I: A Living Wage -- 3. Background of the Employment Act II: Keynesian Economics -- 4. Background of the Employment Act III: An Economic Bill of Rights -- 5. The Political Economy of the Employment Act of 1946 -- 6. Kennedy's New Frontier: Tax Cuts and Wage Policy -- 7. The Age of Keynes in the Great Society -- 8. The Decline and Revival of a Living Wage.

"Donald Stabile provides a fascinating history of the economic and political debates leading up to, and following, the Employment Act of 1946. Contrary to common understanding, Stabile argues that there were strong tensions between New Dealers and Keynesians, including around their vision of the purpose of minimum wages, and of unions and collective bargaining. This book is a must-read for economists, as well as policy-makers and activists, looking for new economic models which provide jobs and living wages." --Stephanie Luce, Professor and Department Chair, School for Labor and Urban Studies, Department of Sociology, The Graduate Center, CUNY, USA This book offers a new interpretation of the Employment Act of 1946. It argues that in addition to Keynesian economics, the idea of a living wage was also part of the background leading up to the Employment Act. The Act mandated that the president prepare an Economic Report on the state of the economy and how to improve it, and the idea of a living wage was an essential issue in those Economic Reports for over two decades. The author argues that macroeconomic policy in the USA consisted of a dual approach of using a living wage to increase consumption with higher wages, and fiscal policy to create jobs and higher levels of consumption, therefore forming a hybrid system of redistributive economics. An important read for scholars of economic history, this book explores Roosevelt's role in the debates over the Employment Act in the 1940s, and underlines how Truman's Fair Deal, Kennedy's New Frontier and Johnson's Great Society all had the ultimate goal of a living wage, despite their variations of its definition and name.

ISBN: 9783030019983$q(electronic bk.)

Standard No.: 10.1007/978-3-030-01998-3doiSubjects--Corporate Names:

233659
United States.
Subjects--Topical Terms:

824672
Wages
--Government policy--United States

LC Class. No.: KF3319 / .S733 2018

Dewey Class. No.: 344.7301

Macroeconomic policy and a living wagethe employment act as redistributive economics, 1944-1969 /
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505 0 $a 1. The Hybrid System of Redistributive Economics -- 2. Background of the Employment Act I: A Living Wage -- 3. Background of the Employment Act II: Keynesian Economics -- 4. Background of the Employment Act III: An Economic Bill of Rights -- 5. The Political Economy of the Employment Act of 1946 -- 6. Kennedy's New Frontier: Tax Cuts and Wage Policy -- 7. The Age of Keynes in the Great Society -- 8. The Decline and Revival of a Living Wage.
520 $a "Donald Stabile provides a fascinating history of the economic and political debates leading up to, and following, the Employment Act of 1946. Contrary to common understanding, Stabile argues that there were strong tensions between New Dealers and Keynesians, including around their vision of the purpose of minimum wages, and of unions and collective bargaining. This book is a must-read for economists, as well as policy-makers and activists, looking for new economic models which provide jobs and living wages." --Stephanie Luce, Professor and Department Chair, School for Labor and Urban Studies, Department of Sociology, The Graduate Center, CUNY, USA This book offers a new interpretation of the Employment Act of 1946. It argues that in addition to Keynesian economics, the idea of a living wage was also part of the background leading up to the Employment Act. The Act mandated that the president prepare an Economic Report on the state of the economy and how to improve it, and the idea of a living wage was an essential issue in those Economic Reports for over two decades. The author argues that macroeconomic policy in the USA consisted of a dual approach of using a living wage to increase consumption with higher wages, and fiscal policy to create jobs and higher levels of consumption, therefore forming a hybrid system of redistributive economics. An important read for scholars of economic history, this book explores Roosevelt's role in the debates over the Employment Act in the 1940s, and underlines how Truman's Fair Deal, Kennedy's New Frontier and Johnson's Great Society all had the ultimate goal of a living wage, despite their variations of its definition and name.
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