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The Kennedy-Johnson Tax Cut: A Revisionist History. By Martin F. J. Prachowny. Cheltenham, UK, Northampton, MA: Edward Elgar, 2000. Pp. ix, 227. $80.00.

Published online by Cambridge University Press:  13 August 2001

Robert R. Keller
Robert R. Keller
Affiliation:
Colorado State University
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Abstract

Was the Kennedy-Johnson tax cut and the tax surcharge of 1968 a triumph of “new economics” and “fine tuning” as the architects of these policies claimed? Not exactly, according to Martin Prachowny. He concludes that the chairmen of the Council of Economic Advisers (CEA) excessively trumpeted their self-described stellar performance and this self-serving propaganda led to the demise of activist stabilization policy.

Type
BOOK REVIEW
Information
The Journal of Economic History , Volume 61 , Issue 2 , June 2001 , pp. 571 - 573
Copyright
© 2001 Cambridge University Press

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