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The Political Economy of Growth and Distribution: Economics, Public Policy and Politics

In: Economics as Worldly Philosophy

Author

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  • Richard McGahey

Abstract

In 1965, Walter Heller, then chairman of President Johnson’s Council of Economic Advisors, presented the Godkin Lectures at Harvard University. Later published as New Dimensions of Political Economy (1966), Heller said that the United States had entered ‘the age of the economist’. The consolidation of modern macroeconomic theory had been accepted by political leaders, who could use the theory to guide and develop policies leading the United States to new heights of prosperity and social justice.

Suggested Citation

  • Richard McGahey, 1993. "The Political Economy of Growth and Distribution: Economics, Public Policy and Politics," Palgrave Macmillan Books, in: Ron Blackwell & Jaspal Chatha & Edward J. Nell (ed.), Economics as Worldly Philosophy, chapter 7, pages 161-186, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-22572-9_7
    DOI: 10.1007/978-1-349-22572-9_7
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