The Kennedy-Johnson Boom

Authors

  • Leo Huberman
  • Paul M. Sweezy

DOI:

https://doi.org/10.14452/MR-016-10-1965-02_1

Keywords:

Political Economy

Abstract

The business-political Establishment which runs this country has digested Keynesian economic theory and has begun to put it into practice. It likes the results. Listen to Douglas Dillon, Wall Street financier turned Secretary of the Treasury, speaking at the Harvard Business School last June 6th: In the relatively short span…of less than three and one half years, both American economic policy and practice have taken new and dramatic turns for the better. Our economy is no longer on the wane—but surely and strongly on the rise. And we can now look forward, in all sober confidence, to the continuation of a peacetime economic recovery of greater durability and strength than in any comparable period in this century.

Published

1965-02-01

Issue

Section

Review of the Month