Titlebook: America‘s Failing Economy and the Rise of Ronald Reagan; Eric R. Crouse Book 2018 The Editor(s) (if applicable) and The Author(s) 2018 Key

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https://doi.org/10.1007/978-3-663-09698-6n politicians were ready to embrace the new supply-side ideas presented in the .. The chapter goes on to explain why economists and others who challenged the Keynesian mindset made little headway in political circles even though high inflation and recession burdened the American people.

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Motilin

Georg Glaeser,Werner Nachtigallnesian economic theory had led to one failure after another. Its content underscores the importance of Ronald Reagan giving political expression to a modern version of classical economics at a time when stagflation was weighing down the economy.

Medley

,The Keynesian Revolution, 1936–1965,iticians maintained a Keynesian mindset as they addressed economic conditions. It was a time of optimism and most American leaders favored the rise of government intervention to ensure full employment.

Deadpan

Esalate

atopic

The Energy Crisis,isis, including those of ordinary Americans who were unhappy about lowering their thermostats and waiting in long lines for gasoline. The chapter’s content points to Carter’s “malaise” speech of 1979 as part of the reason for the shifting of Americans’ politics in a conservative direction.