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Macroeconomic Policy and a Living Wage

The Employment Act as Redistributive Economics, 1944–1969

Authors: Stabile, Donald

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  • Offers a new interpretation of the Employment Act of 1946
  • Takes an in-depth look at the development of economic policies from the New Deal through to the Great Society
  • Uses a laboristic approach to examine the political economy of a living wage and Keynesian economics
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eBook $89.00
price for USA (gross)
  • ISBN 978-3-030-01998-3
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA
  • ISBN 978-3-030-01997-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This book offers a new interpretation of the Employment Act of 1946.  It argues that in addition to Keynesian economics, the idea of a living wage was also part of the background leading up to the Employment Act.  The Act mandated that the president prepare an Economic Report on the state of the economy and how to improve it, and the idea of a living wage was an essential issue in those Economic Reports for over two decades. The author argues that macroeconomic policy in the USA consisted of a dual approach of using a living wage to increase consumption with higher wages, and fiscal policy to create jobs and higher levels of consumption, therefore forming a hybrid system of redistributive economics. An important read for scholars of economic history, this book explores Roosevelt’s role in the debates over the Employment Act in the 1940s, and underlines how Truman’s Fair Deal, Kennedy’s New Frontier and Johnson’s Great Society all had the ultimate goal of a living wage, despite their variations of its definition and name.

About the authors

Donald R. Stabile is Professor of Economics at St. Mary's College of Maryland, USA, where he has taught for nearly 40 years. He is the author or co-author of 12 previous books, including The Political Economy of a Living Wage (2016), and scholarly articles on the history of political economy.

Table of contents (8 chapters)

Table of contents (8 chapters)

Buy this book

eBook $89.00
price for USA (gross)
  • ISBN 978-3-030-01998-3
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA
  • ISBN 978-3-030-01997-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
Macroeconomic Policy and a Living Wage
Book Subtitle
The Employment Act as Redistributive Economics, 1944–1969
Authors
Copyright
2018
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG, part of Springer Nature
eBook ISBN
978-3-030-01998-3
DOI
10.1007/978-3-030-01998-3
Hardcover ISBN
978-3-030-01997-6
Edition Number
1
Number of Pages
XVII, 290
Topics