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earliest known author of writings discussing topics relevant to economics
Joshua Angrist
economist who studied economic prospects of Vietnam War troops after returning home
Michael Boskin
assigned to head a committee in 1996 to review the methods used to calculate the CPI
Charles Brown
argued that Civil Rights Act improved the relative labor market positions of blacks compared to whites
Anthony Campagna
economic historian who estimated the impact of the Vietnam War on GNP based on counterfactuals conducted by Wharton Associates
Carrington, McCue, and Pierce
found evidence of larger black employment improvements in firms affected by the Civil Rights Act; supports Wright's claim
Ronald Coase
reached the insight that the private market ought to be able to resolve externalities, as long as the parties can negotiate and property rights are clearly defined
Collins and Mango
argued that race riots caused median family income and median value of homes to fall for African Americans due to higher perceived risk
Henry Ford
introduced the assembly line
Richard Goodwin
advisor to Kennedy and Johnson who claimed that "the line between participation and assistance became thinner..."
Walter Heller
Chair of the Counil of Economics Advisers, followed Keynesian economic policy and adviser to Kennedy
Robert Higgs
economic historian who argued that the public's faith in government to take action peaked by the end of the 1960s
Lyndon Johnson
36th President of the United States who succeeded Kennedy and continued many of his policies; proposed the Great Society and signed the Civil Rights Act
John F. Kennedy
35th President of the United States; elected in 1960 with smallest vote margin; promised "getting Americans moving again"; advocated more federal spending and tax cuts
John Maynard Keynes
British economist; wrote "The General Theory of Employment, Interest, and Money"; developed the Keynesian model of the national economy; influenced Kennedy and Johnson's tax cuts and economic stimulus policies; basis of ideas of many advisers such as Walter Heller and the Council of Economic Advisers
Simon Kuznets
economist who was commissioned by the U.S. Department of Commerce in 1932 to develop a system to measure national output; received the Nobel Prize in Economic Science in 1971
William McChesney Martin Jr.
Federal Reserve Chairman from 1951 to 1970; sought tight monetary policy independent of the President's wishes
Robert McNamara
Johnson's Secretary of Defense
Arthur Okun
one of President Kennedy's and Johnson's chief economic advisors in the early 1960s, who proposed a relationship between output gap and cyclical unemployment
Vilfredo Pareto
Italian economist who came up with the concept that an outcome was efficient only if there was no way to improve someone's well-being without reducing someone else's well-being
Sir William Petty
attempted to measure national output to assess the ability of the Irish to pay taxes in the mid-17th century
A.W. Phillips
economist who stated that were was a tradeoff between low unemployment rates and the rate of inflation
Hugh Rockoff
economist who studied the costs of the military draft for the Vietnam War
Dean Rusk
Johnson's Secretary of State
Joseph Schumpeter
economist who described the impact of entreprenuers as "creative destruction"
Adam Smith
economist and author of the 1776 "An Inquiry into the Nature and Causes of the Wealth of Nations"
Harry Truman
33rd President of the United States; aided the French in Indochina
Gavin Wright
argues that the Civil Rights Act provided economic benefits, occupational status, and educational attainment for African Americans