American Economic History of the Presidents: From Roosevelt to Clinton

Author: (USA) Stan / Jin Qing / Heli Li
Publisher:
Publish Date: 1997-06-01
Features: The revised third edition of "The American President's Economic History: From Roosevelt to Clinton," published by the Institute for Business & Public Policy in the USA in 1994, ranked among the top ten economics books in the United States that year. Since its publication in the 1980s, this book has remained a classic work for understanding the American economy. At the same time, it is also a must-read for understanding the tumultuous changes in the economic, political, and social landscapes of 20th-century America. Such a work can spark two aspects of reading interest among Chinese readers. On one hand, it helps us understand how the "visible hand" of the government manages the economy in developed market economy countries. From it, we can see the evolution of government institutional economic policy guidelines from Roosevelt to Clinton, observe how each president struggled, fought, and compromised in the face of reality, and witness the complex and subtle relationships between presidents and their surrounding advisors. On the other hand, China is currently establishing a socialist market economy system. The marriage of socialism and the market economy is a pioneering and creative endeavor without precedent. Only by combining the "invisible hand" of the market with the "visible hand" of the government and skillfully regulating the economy can China achieve stable and rapid economic growth. Undoubtedly, this book holds significant reference value for this purpose.