The eight years of the Reagan administration have left an indelible imprint on U.S. economic policy. Although the term Reaganomics is employed by both the general public and academic economists, there is still no consensus as to what the overall impact of Reaganomics has been for the country. This work, a wide-ranging collection of essays and commentaries, analyzes the empirical evidence that comprises the Reagan economic legacy. By detailing that legacy's successes, such as low unemployment and economic growth, and its negative effects, including unprecedented deficits and regulatory chaos, the editors provide some tentative conclusions as to whether the Reagan years produced an economic miracle or paved the way for economic disaster. The volume concentrates on the first level of economic impacts, covering the issues of supply-side economics, the regulatory environment, monetary policy, and foreign trade. Under each topic, groups of essays and commentaries present alternative interpretations of the Reagan legacy. Tax policy and business fixed investment, the effects of supply-side policies on labor supply, tax reform and deregulation are addressed in the supply-side section; interest rates and monetary policy objectives and realizations comprise the monetary policy section; and trade policy, trade deficit, and exchange rates are discussed in the international trade section. A final essay offers an alternate view of the Reagan legacy that attempts to synthesize the divergent theories. This work will be an important new resource for courses in economics and political science, as well as a worthy addition to college, university, and public libraries.

Reagan’s Legacy in a World Transformed offers a timely retrospective on the fortieth president’s policies and impact on today’s world, from the influence of free market ideas on economic globalization, to the role of an assertive military in U.S. foreign policy, to reduction of nuclear arsenals in the interest of stability.

"A report of the Urban Institute's Changing Domestic Priorities Project"--Page ii."URI 34200"--T.p. verso. Includes bibliographical references.

Challenges popular conceptions about the 40th president's administration and legacy, arguing that subsequent presidents and conservative policymakers have exploited the country's misunderstandings of Reagan's achievements to promote risky agendas. Reprint.

In this important new volume, editors Paul Kengor and Peter Schweizer bring together original essays from leading scholars who examine topics as varied as Iran Contra, abortion, the Cold War, governmental management, and economic policy. Through critical analysis, these essays seek a better understanding of Ronald Reagan, his policies, and his lasting legacy.

Hailed by the New Yorker as "a superlative study of a president and his presidency," Lou Cannon's President Reagan remains the definitive account of our most significant presidency in the last fifty years. Ronald Wilson Reagan, the first actor to be elected president, turned in the performance of a lifetime. But that performance concealed the complexities of the man, baffling most who came in contact with him. Who was the man behind the makeup? Only Lou Cannon, who covered Reagan through his political career, can tell us. The keenest Reagan-watcher of them all, he has been the only author to reveal the nature of a man both shrewd and oblivious. Based on hundreds of interviews with the president, the First Lady, and hundreds of the administration's major figures, President Reagan takes us behind the scenes of the Oval Office. Cannon leads us through all of Reagan's roles, from the affable cowboy to the self-styled family man; from the politician who denounced big government to the president who created the largest peace-time deficit; from the statesman who reviled the Soviet government to the Great Communicator who helped end the cold war.

For anyone who believes that liberal isn’t a dirty word but a term of honor, this book will be as revitalizing as oxygen. For in the pages of Reason, one of our most incisive public thinkers, and a former secretary of labor mounts a defense of classical liberalism that’s also a guide for rolling back twenty years of radical conservative domination of our politics and political culture. To do so, Robert B. Reich shows how liberals can: .Shift the focus of the values debate from behavior in the bedroom to malfeasance in the boardroom .Remind Americans that real prosperity depends on fairness .Reclaim patriotism from those who equate it with pre-emptive war-making and the suppression of dissent If a single book has the potential to restore our country’s good name and common sense, it’s this one.

The fascinating, suppressed history of how JFK pioneered supply-side economics. John F. Kennedy was the first president since the 1920s to slash tax rates across-the-board, becoming one of the earliest supply-siders. Sadly, today’s Democrats have ignored JFK’s tax-cut legacy and have opted instead for an anti-growth, tax-hiking redistribution program, undermining America’s economy. One person who followed JFK’s tax-cut growth model was Ronald Reagan. This is the never-before-told story of the link between JFK and Ronald Reagan. This is the secret history of American prosperity. JFK realized that high taxes that punished success and fanned class warfare harmed the economy. In the 1950s, when high tax rates prevailed, America endured recessions every two or three years and the ranks of the unemployed swelled. Only in the 1960s did an uninterrupted boom at a high rate of growth (averaging 5 percent per year) drive a tremendous increase in jobs for the long term. The difference was Kennedy’s economic policy, particularly his push for sweeping tax-rate cuts. Kennedy was so successful in the ’60s that he directly inspired Ronald Reagan’s tax cut revolution in the 1980s, which rejuvenated the economy and gave us another boom that lasted for two decades. Lawrence Kudlow and Brian Domitrovic reveal the secret history of American prosperity by exploring the little-known battles within the Kennedy administration. They show why JFK rejected the advice of his Keynesian advisors, turning instead to the ideas proposed by the non-Keynesians on his team of rivals. We meet a fascinating cast of characters, especially Treasury Secretary Douglas Dillon, a Republican. Dillon’s opponents, such as liberal economists Paul Samuelson, James Tobin, and Walter Heller, fought to maintain the high tax rates—including an astonishing 91% top rate—that were smothering the economy. In a wrenching struggle for the mind of the president, Dillon convinced JFK of the long-term dangers of nosebleed income-tax rates, big spending, and loose money. Ultimately, JFK chose Dillon’s tax cuts and sound-dollar policies and rejected Samuelson and Heller. In response to Kennedy’s revolutionary tax cut, the economy soared. But as the 1960s wore on, the departed president’s priorities were undone by the government-expanding and tax-hiking mistakes of Presidents Johnson, Nixon, Ford, and Carter. The resulting recessions and the “stagflation” of the 1970s took the nation off its natural course of growth and prosperity-- until JFK’s true heirs returned to the White House in the Reagan era. Kudlow and Domitrovic make a convincing case that the solutions needed to solve the long economic stagnation of the early twenty-first century are once again the free-market principles of limited government, low tax rates, and a strong dollar. We simply need to embrace the bipartisan wisdom of two great presidents, unleash prosperity, and recover the greatness of America.

Republicans today often ask, “What would Reagan do?” The short answer: probably not what they think. Hero of modern-day conservatives, Ronald Reagan was not even conservative enough for some of his most ardent supporters in his own time—and today his practical, often bipartisan approach to politics and policy would likely be deemed apostasy. To try to get a clearer picture of what the real Reagan legacy is, in this book Marcus M. Witcher details conservatives’ frequently tense relationship with Ronald Reagan in the 1980s and explores how they created the latter-day Reagan myth. Witcher reminds us that during Reagan’s time in office, conservative critics complained that he had failed to bring about the promised Reagan Revolution—and in 1988 many Republican hopefuls ran well to the right of his policies. Notable among the dissonant acts of his administration: Reagan raised taxes when necessary, passed comprehensive immigration reform, signed a bill that saved Social Security, and worked with adversaries at home and abroad to govern effectively. Even his signature accomplishment—invoked by “Mr. Gorbachev, tear down this wall!”—was highly unpopular with the Conservative Caucus, as evidenced in their newspaper ads comparing the president to Neville Chamberlain: “Appeasement is as Unwise in 1988 as in 1938.” Reagan’s presidential library and museum positioned him above partisan politics, emphasizing his administration’s role in bringing about economic recovery and negotiating an end to the Cold War. How this legacy, as Reagan himself envisioned it, became the more grandiose version fashioned by Republicans after the 1980s tells us much about the late twentieth-century transformation of the GOP—and, as Witcher’s work so deftly shows, the conservative movement as we know it now.