LPE Originals

The ‘Economic Style’ as Red Scare Legacy

The rise of the “economic style of reasoning” in the 1960s cannot be properly understood without attending to the political fallout of earlier decades. Institutional economists and social Keynesians did not just fall out of academic fashion or become irrelevant to the problems at hand. Instead, many were forced out of government or toward the political center by charges of disloyalty to the U.S. government.