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This book illustrates the role of international economic advisors
in the development of Israel's economic policies. Based on
extensive archival and historical research, it presents case
studies on the policy impacts of the world-renowned advisors Michal
Kalecki, Abba Lerner, Richard Kahn, Milton Friedman, Herbert Stein
and Stanley Fischer. The authors evaluate the contributions of
these advisors to policy developments in various fields, including
international trade and capital flows, exchange rates, fiscal and
monetary policy, industrial policy and labor relations. Readers
will discover a wealth of previously unpublished information on
these advisors' activities, perspectives on policy and interactions
with policymakers and the public. Using the Israeli experience as a
guide, the authors subsequently derive general hypotheses regarding
the conditions that are conducive to the success of economic
advisors.
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