LEADER 04219nam 22006495 450 001 9910299640903321 005 20230810163450.0 010 $a9783030019983 010 $a3030019985 024 7 $a10.1007/978-3-030-01998-3 035 $a(CKB)4100000007110853 035 $a(MiAaPQ)EBC5598658 035 $a(DE-He213)978-3-030-01998-3 035 $a(Perlego)3490842 035 $a(EXLCZ)994100000007110853 100 $a20181029d2018 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aMacroeconomic Policy and a Living Wage $eThe Employment Act as Redistributive Economics, 1944-1969 /$fby Donald R. Stabile 205 $a1st ed. 2018. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2018. 215 $a1 online resource (xvii, 290 pages) 311 08$a9783030019976 311 08$a3030019977 320 $aIncludes bibliographical references and index. 327 $a1. The Hybrid System of Redistributive Economics -- 2. Background of the Employment Act I: A Living Wage -- 3. Background of the Employment Act II: Keynesian Economics -- 4. Background of the Employment Act III: An Economic Bill of Rights -- 5. The Political Economy of the Employment Act of 1946 -- 6. Kennedy's New Frontier: Tax Cuts and Wage Policy -- 7. The Age of Keynes in the Great Society -- 8. The Decline and Revival of a Living Wage. 330 $a "Donald Stabile provides a fascinating history of the economic and political debates leading up to, and following, the Employment Act of 1946. Contrary to common understanding, Stabile argues that there were strong tensions between New Dealers and Keynesians, including around their vision of the purpose of minimum wages, and of unions and collective bargaining. This book is a must-read for economists, as well as policy-makers and activists, looking for new economic models which provide jobs and living wages." -Stephanie Luce, Professor and Department Chair, School for Labor and Urban Studies, Department of Sociology, The Graduate Center, CUNY, USA This book offers a new interpretation of the Employment Act of 1946. It argues that in addition to Keynesian economics, the idea of a living wage was also part of the background leading up to the Employment Act. The Act mandated that the president prepare an Economic Report on the state of the economy and how to improve it, and the idea of a living wage was an essential issue in those Economic Reports for over two decades. The author argues that macroeconomic policy in the USA consisted of a dual approach of using a living wage to increase consumption with higher wages, and fiscal policy to create jobs and higher levels of consumption, therefore forming a hybrid system of redistributive economics. An important read for scholars of economic history, this book explores Roosevelt's role in the debates over the Employment Act in the 1940s, and underlines how Truman's Fair Deal, Kennedy's New Frontier and Johnson's Great Society all had the ultimate goal of a living wage, despite their variations of its definition and name. 606 $aEconomic history 606 $aMacroeconomics 606 $aEconomic policy 606 $aLabor economics 606 $aEconomics$xHistory 606 $aEconomic History 606 $aMacroeconomics and Monetary Economics 606 $aEconomic Policy 606 $aLabor Economics 606 $aHistory of Economic Thought and Methodology 615 0$aEconomic history. 615 0$aMacroeconomics. 615 0$aEconomic policy. 615 0$aLabor economics. 615 0$aEconomics$xHistory. 615 14$aEconomic History. 615 24$aMacroeconomics and Monetary Economics. 615 24$aEconomic Policy. 615 24$aLabor Economics. 615 24$aHistory of Economic Thought and Methodology. 676 $a344.730102632 676 $a331.230973 700 $aStabile$b Donald R$4aut$4http://id.loc.gov/vocabulary/relators/aut$0526351 906 $aBOOK 912 $a9910299640903321 996 $aMacroeconomic Policy and a Living Wage$92528514 997 $aUNINA