UCL Discovery
UCL home » Library Services » Electronic resources » UCL Discovery

Jimmy Carter, Bill Clinton, and the new Democratic economics

Morgan, I; (2004) Jimmy Carter, Bill Clinton, and the new Democratic economics. Historical Journal , 47 (4) 1015 - 1039. 10.1017/S0018246X0400408X. Green open access

[thumbnail of S0018246X0400408Xa.pdf]
Preview
PDF
S0018246X0400408Xa.pdf

Download (317kB)

Abstract

Jimmy Carter's response to stagflation, the unprecedented combination of stagnation and double-digit inflation that afflicted the American economy during his presidency, made him the subject of virulent attack from liberal Democrats for betraying New Deal traditions of activist government to sustain high employment and strong economic growth. Carter found himself accused of being a do-nothing president whose name had become ‘a synonym for economic mismanagement’ like Herbert Hoover's in the 1930s.1 Liberal disenchantment fuelled Edward Kennedy's quixotic crusade to wrest the 1980 Democratic presidential nomination from Carter. ‘[H]e has left behind the best traditions of the Democratic Party’, the Massachusetts senator charged, ‘We are instructed that the New Deal is old hat and that our best hope is no deal at all.’2 A quarter-century later a more dispassionate analysis would suggest that Carter was neither a do-nothing president nor a throwback to the past in terms of economic policy. Far from being the ‘Jimmy Hoover’ of liberal obloquy, Carter was really ‘Jimmy Clinton’ because in seeking solutions for stagflation his administration laid the foundations of a new political economy that the next Democratic president would build upon.

Type: Article
Title: Jimmy Carter, Bill Clinton, and the new Democratic economics
Location: United Kingdom
Open access status: An open access version is available from UCL Discovery
DOI: 10.1017/S0018246X0400408X
Publisher version: http://dx.doi.org/10.1017/S0018246X0400408X
Language: English
Additional information: © 2004 Cambridge University Press
Keywords: Jimmy Carter, Bill Clinton, Democrats, economics
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Institute of the Americas
URI: https://discovery.ucl.ac.uk/id/eprint/1379473
Downloads since deposit
884Downloads
Download activity - last month
Download activity - last 12 months
Downloads by country - last 12 months

Archive Staff Only

View Item View Item