Describes the development of U.S. fiscal policy from its theoretical conception with Keynes in the 1930s to its implementation in the tax cut in 1964. Focuses on the political and ideological obstacles to the use of counter-cyclical policy and the success of the Employment Act of the year 1946.

Describes the development of U.S. fiscal policy from its theoretical conception with Keynes in the 1930s to its implementation in the tax cut in 1964. Focuses on the political and ideological obstacles to the use of counter-cyclical policy and the success of the Employment Act of the year 1946.
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Thomas K. McCraw,
Daniel A. Pope
3 pages.
Release Date: 02 Dec, in 1982. Prod #: 383087-PDF-ENG
Note on financial policy – 1937-1961 HBR case solution