logo for Harvard University Press
New Dimensions of Political Economy
Walter W. Heller
Harvard University Press

Walter W. Heller was Chairman of the Council of Economic Advisers throughout President Kennedy's Administration and during the first year of President Johnson's. Here, in a book of immediate importance and great vision, he examines the profound and rapid changes that are taking place during the 1960's in American economic policy. In this decade economics has come of age, and the Keynesian revolution has been completed.

The economic health and stability of the nation are now among the President's major concerns. The need to formulate policy in this area has thrust the political economist into a new and leading role as Presidential adviser, and Mr. Heller is in a unique position to offer an inside account of these developments.

In his first book since leaving Washington to return to the University of Minnesota, he describes the emergence of Presidents Kennedy and Johnson as practicing economists, evaluates their economic policies, and sketches the patterns that are being established for the future. He tells how the grip of economic myths and false fears has been loosened in the government, with the result that economic policy is focused on sustaining prosperity without inflation, on speeding economic growth, and on realizing the fruits of true fiscal abundance.

Finally, Mr. Heller for the first time discusses in detail his own plan for revenue sharing, a new method of enlarging the flow of Federal funds to the states. The plan offers the exciting promise of a stronger fiscal base for our federalism, not only by expanding the present system of Federal grants, but also--when the demands of Vietnam relent--by developing new forms of fiscal support for state and local government.

Parts of this book were delivered by Mr. Keller as the Godkin Lectures at Harvard University in March 1966.

[more]
logo for University of Minnesota Press
Savings in the Modern Economy
A Symposium
Walter Heller
University of Minnesota Press, 1953
Savings in the Modern Economy was first published in 1953. Minnesota Archive Editions uses digital technology to make long-unavailable books once again accessible, and are published unaltered from the original University of Minnesota Press editions.How will savings affect the future economy of the United States and other parts of the world? Will savings continue to aid economy expansion or will they lead, sooner or later, to difficult problems? What are the motivations that cause people to save? How has the pattern of saving changed in recent times? What is the effect of retirement and pension funds? What is the role of savings in periods of inflation? In economy depression? How can savings foster economy progress in underdeveloped countries?To provide a scholarly yet thoroughly practical basis for answers to questions like these, a group of distinguished economists pool their thinking in this volume. The series of 28 papers bring to the problem varied backgrounds and different viewpoints. Professors, bankers, government officials, and industrialists, representing national and international organizations and business enterprises, contribute papers and related comments. There is not always agreement in the discussion, and no quick and easy solutions are offered, but the resulting analysis is realistic and timely, yet long-range in approach and value.The material covers four broad topics: savings and economic policy; savings concepts, data, and behavior; the savings problem in underdeveloped countries (with specific reference to the Far East and Latin America); and savings and inflation.The volume is based on papers given at a conference on Savings, Inflation, and Economy Progress held at the University of Minnesota through the cooperation of the university’s School of Business Administration and a number of sponsoring business firms.
[more]

Send via email Share on Facebook Share on Twitter