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Leon H. Keyserling - A Progressive Economist (Hardcover)
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Leon H. Keyserling - A Progressive Economist (Hardcover)
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Leon H. Keyserling: A Progressive Economist is the insightful
biography of the life and thought of the influential liberal
reformer Leon H. Keyserling. By examining Keyserling's life in the
context of integrative liberalism, the biography aims to explore
the origins of the concept of integrative liberalism and
Keyserling's profound and provocative contribution to it. The book
follows the political reformer's life from the beginning of his
career as a member of Democratic Senator Robert Wagner's staff, at
the same time showing how the Progressive Movement, before World
War I, was the ideological and institutional origin for integrative
liberalism. The Great Depression and subsequent New Deal, to which
Keyserling was a significant contributor, allowed integrative
liberalism to develop until the movement started losing vitality in
the 1960's and came to an end during the Reagan Presidency. In the
meantime, the book presents Keyserling as a major sculptor of
Truman's economic policies, after which he left the government and
began effectively debating public policy on his own. Tracing
Keyserling's interactions with each presidency, the biography shows
that Keyserling's policies and politics were expressive of
integrated liberalism, an often-overlooked philosophy of reform in
the second half of the twentieth century. The ideological
cornerstone of integrative liberalism was a full employment public
policy, expressed as economic growth and developed directly from
United States history. The fear driving the policy was that there
would be wide swings in the business cycle, resulting in
underemployment and economic stagnation. This sentiment and fear
has an impact even now in the twenty-first century, making Leon H.
Keyserling a timely and profitable study for graduate and
undergraduate students of history, economics, political science,
and public administration.
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