The Economic History of the United States President - From Roosevelt to Clinton

Author: (American) Stein, translated by Jin Qing and He Lili
Publisher:
Publishing Date: 1997-06-01
Features: In 1994, the revised third edition of The American Presidency and the Economy: From Roosevelt to Clinton, published by the American Enterprise Institute for Public Policy Research, 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 U.S. economy. At the same time, it is also a must-read for those seeking to grasp the tumultuous changes in U.S. economic, political, and social landscapes in the 20th century. Such a work can spark two main areas of interest among Chinese readers. On one hand, it helps us understand how the "visible hand" of government manages the economy in developed market economies. 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 delicate relationships between presidents and their close advisors. On the other hand, China is currently establishing a socialist market economy system. The union 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 offers valuable insights for this purpose.