Interviews with ten former chairmen of the Council of Economic
Advisers--from the Truman to the Carter administrations--are
gathered in this book to examine the relationship between economic
advisers and the president and the institutional relationships
among the CEA, executive departments, and federal financial
agencies. The interviews also reconstruct major presidential
decisions since the establishment of the CEA, such as the 1964 tax
cut, the 1971 wage and price freeze, and presidential strategies
for managing inflation and recession. In a preface to each
interview, the editors analyze the conditions for CEA
effectiveness, look at how well the advice of the Council has
conformed to the presidential world view, and pinpoint the
distribution of responsibility for policy analysis and advice
within successive administrations.
General
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