"A report of the Urban Institute's Changing Domestic Priorities Project"--Page ii."URI 34200"--T.p. verso. Includes bibliographical references.

Updated ed. of: The Reagan experiment. c1982. Includes index. Bibliography: p. 381-401.

The arguments over the economic policies of the Reagan Administration will continue until sufficient time has elapsed for a consensus to be possible. In the meantime, it is necessary for contemporary scholars to record their opinions as a base for the consensus. Campagna has recorded his conclusions based on considerable research on Reagan Administration policies. He begins by describing what was planned by the government. From there, he discusses what actually happened, and devotes the remainder of the work to his opinion of what has been left with which the future must deal. Campagna concludes that the Reagan economic policies failed. He establishes a position for others to attack or defend in their own publications in the continuing argument.

Examining the theoretical underpinning of Reaganomics and the New Federalism, the first section looks at the history of its implementations during President Reagan's first two years in office, focusing on how Reagan's economic theories adapted to the political realities. Section II describes the ways in which Reagan has come into conflict with Federal regulations and the Federal payroll. Section III deals with the effects of the new policies on different socio-economic groups. The last section discusses the future of Reaganomics.