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On the “Orthodoxy†of Leon Hirsch Keyserling: Selected Major Analytical and Policy Concepts and Advice to Presidents

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  • W. Robert Brazelton

Abstract

This paper discusses major selected tenets of the economic analysis and policy prescriptions of Leon H. Keyserling, the major economic advisor to President Truman and a prolific letter writer to later Presidents, Vice-Presidents and others. This paper is an analysis of (1) of Keyserling's major analytical, and policy beliefs stressing full employment growth from his papers and publications; including a discussion of Keyserling's beliefs concerning economic analysis of Keynes and other forms of analysis such a rational expectations, econometrics, etc.; (2) selected letters to Presidents and others, concerning his advice to them; and (3) a brief conclusion. The analysis below is from his personal files deposited in the archives of the Truman Presidential Library, Independence, Missouri.

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  • W. Robert Brazelton, 2007. "On the “Orthodoxy†of Leon Hirsch Keyserling: Selected Major Analytical and Policy Concepts and Advice to Presidents," The American Economist, Sage Publications, vol. 51(1), pages 15-28, March.
    • Handle: RePEc:sae:amerec:v:51:y:2007:i:1:p:15-28
    DOI: 10.1177/056943450705100102
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    References listed on IDEAS

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    1. W. Robert Brazelton, 2003. "The Council of Economic Advisors and the "Full Employment Budget Concept": Keyserling before Heller!," Journal of Economic Insight, Missouri Valley Economic Association, vol. 29(2), pages 87-102.
    2. W. Robert Brazelton, 2001. "Designing US Economic Policy," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-50851-4, September.
    3. W. Robert Brazelton, 1997. "Retrospectives: The Economics of Leon Hirsch Keyserling," Journal of Economic Perspectives, American Economic Association, vol. 11(4), pages 189-197, Fall.
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