The best guide yet to the practical aims and consequences of Reaganomics.--Philadelphia Enquirer

Mostly papers presented during the Third Annual Sewanee Economics Symposium, Oct. 1-3, 1981; sponsored by the Economics Dept. of the University of the South at Sewanee in cooperation with Sidney Weintraub, visiting appointee to the Kennedy Distinguished Professorship in Economics.

As a domestic policy advisor to Ronald Reagan, Bruce Bartlett was one of the originators of Reaganomics, the supply-side economic theory that conservatives have clung to for decades. In The New American Economy, Bartlett goes back to the economic roots that made Impostor a bestseller and abandons the conservative dogma in favor of a policy strongly based on what's worked in the past. Marshalling compelling history and economics, he explains how economic theories that may be perfectly valid at one moment in time under one set of circumstances tend to lose validity over time because they are misapplied under different circumstances. Bartlett makes a compelling, historically-based case for large tax increases, once anathema to him and his economic allies. In The New American Economy, Bartlett seeks to clarify a compelling and way forward for the American economy.

Reaganomics has become one of the most talked about economic theories in modern economics--but what exactly is it? If you don't quite get ecomics, but want to know why it's so important, then this book is for you!This puts the idea of trickle-down economics in an easy to read format and helps you understand all the key concepts.

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.