Volume 7, Number 11 · December 29, 1966
Heller High Prices
By George J. Stigler
New Dimensions of Political Economy
by Walter Heller
Harvard, 187 pp., $3.50
Walter Heller's years in Washington as the chairman of the Council of Economic Advisers proved to be enormously successful. He was raised from a figure of academic respectability to one of the three or four best-known economists in the nation. He presided over a period of almost unbroken economic expansion—an expansion, moreover, which had the grace to continue for two years after his departure from the Council. He is associated with—and in this volume of Godkin Lectures explicitly claims much credit for—the adoption of the 'new economics' as the new orthodoxy of public policy in America.
Review, 1244 words
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