The thinking of John Maynard Keynes is still relevant to successful development of the advanced capitalistic system as is shown by evolution of ecomic thinking since World War II. The changes in ecomic thinking in the United States and in the world are described, with a chapter devoted to each presidency from Eisenhower to Clinton. The importance of Military Keynesianism in winning the Cold War is described along with similarities and differences between the various national administrations.
LYNN TURGEON is Professor Emeritus of Economics at Hofstra University. He is the author of The Contrasting Economics (1963 and 1969), The Advanced Capitalist System (1980), and State and Discrimination (1989).