Volume 30, Number 20 · December 22, 1983
The Elephant and the Maharajah
By Lester C. Thurow
Inflation, Tax Rules, and Capital Formation
by Martin Feldstein
University of Chicago Press, 300 pp., $31.00
Since presidents tend to choose economic advisers who can be depended on to advise that presidents want to hear, the direction of intellectual influence runs more from president to adviser than from adviser to president. As is usually the case, the president, Mr. Reagan, and the chairman of his Council of Economic Advisers, Martin Feldstein, had similar views long before the two met. But the adviser's views are still important since they provide the principal filter through which new economic information reaches the president, and they reveal much about what the president wants to hear.
Review, 2937 words
To read the full text of this piece, please choose one of the following options:
|
If you are already a subscriber to the Review's electronic edition, please sign in: |
To subscribe to the electronic edition, please press the button below. |
To purchase access to this article for $3, please press the button below. |