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The Fiscal Revolution in America (1969)

by Herbert Stein

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This revised edition describes the revolution in US fiscal policy that occurred during administrations of various 20th-century American presidents, when the principle of balancing the budget gave way to that of managing government expenditure and taxes.
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Preface -- This book tells the story of a major change in national policy that occurred between the times of Herbert Hoover and Lyndon Johnson. It describes how the evolution of conditions, goals, and ideas influenced the responses of policy-makers to their problems and how the responses in turn influenced subsequent conditions, goals, and ideas.
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This revised edition describes the revolution in US fiscal policy that occurred during administrations of various 20th-century American presidents, when the principle of balancing the budget gave way to that of managing government expenditure and taxes.

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