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1 [i] (1994)

handle is hein.amenin/aeiabun0001 and id is 1 raw text is: Lucid and brilliant...Herbert Stein breaks all the rules of economic writing by making the subject understandable. -William Safire The 'great traumas' of American economic history in the past half century or so, Herbert Stein believes.... have been associated with unemployment and inflation, and in Presidential Economics he traces the ways in which national administrations...have sought to cope with them....It is a subject on which he is splendidly qualified to speak. -Stuart Bruchy, Washington Post His diagnosis of Reaganomics, without being polemical, is devastating. -Leonard Silk, New York Times Book Review With a wit and lucidity rare in economic writing, Herbert Stein examines the events, policies, and personalities that have shaped our economy for a half century, After tracing the development of economic theory from the Keynesian revolution of the 1930s to the supply-side revolution of the 1980s, he offers a critique of Reagan's economics of joy. In the new chapters in this edition, Stein brings his analysis up to date with commen- tary on both the Bush and the Clinton approaches to the economy. Wise, literate and wry, Stein has accomplished the almost impossible-an economic- political contemporary history that is a pleasure to read. -Daniel Schorr Makes absorbing reading....It is of great social utility to have a book....that tells us how American Presidents make economic policy and forcefully reminds us that economics and politics will always be two quite different enterprises. -A. Lawrence Chickering, Fortune Herbert Stein is A, Willis Robertson Professor of Economics Emeritus at the University of Virginia and a member of the board of contributors of the Wall Street Journal. He is a senior fellow at the American Enterprise Institute. From 1972 to 1974 he was chairman of the President's Council of Economic Advisers. ISBN-13: 978-0-8447-3851-2 ISBN-10: 0-8447-3851-4 AE1 5 1975 The AE Press Publisher for the American Enterprise Institute 1150 17th Street, N.W., Washington, D.C. 20036 9 7808 44 738512 0-8447-3851-4

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