The Conservative Intellectual Tradition in America

Session 10: The End of Big Government as We Know It

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Guest Lecturer: Daniel J. MitchellView a short interview regarding this theme

Themes: An economic consensus among Left and Right in American politics; Clinton administration economic policy; the triumph of Supply-Side Economics; the repudiation of Keynesian economics.


Recorded: 3/21/2012

Required Reading:

Keynes, John Maynard. General Theory of Employment, Interest, and Money, ch. 16: Sundry Observations on the Nature of Capital

Dean, James. “The Dissolution of the Keynesian Consensus.” The Public Interest, 1980.

Domitrovic, Brian. “Belle Epoque,” Econoclasts: The Rebels Who Sparked the Supply-Side Revolution and Restored American Prosperity

Bylund, Per. “The Modern Welfare State: Leading the Way on the Road to Serfdom,” Back on the Road to Serfdom: The Resurgence of Statism (p. 35-53)

Greenspan, Alan. “The Universals of Economic Growth,” The Age of Turbulence (p. 249-266)

Weicher, John. “Capital and Prosperity”

Recommended Reading:

Domitrovic, Brian. “Malaise,” “ERTA,” “Now, Money,” Econoclasts: The Rebels Who Sparked the Supply-Side Revolution and Restored American Prosperity

Davidson, Paul. “Post-Keynesian Economics.” The Public Interest, 1980.

Bell, Daniel. “Models and Reality in Economic Discourse.” The Public Interest, 1980.

Smith, Adam. The Wealth of Nations, I.i-ii

Course Overview

Section One: Introduction
Section Two: The Foundations of American Conservatism
Section Three: The 20th Century and the Recovery of a Conservative Tradition
Section Four: Conservative Triumph, Consensus, and Crisis