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Council of Economic Advisers - Wikipedia, the free encyclopedia (705 words) |
 | The Council was established by the Employment Act of 1946 to provide the President with objective economic analysis and advice on the development and implementation of a wide range of domestic and international economic policy issues. |
| Nourse believed a choice had to be made between "guns or butter" but Keyserling argued that an expanding economy permitted large defense expenditures without sacrificing an increased standard of living. |
| Nourse resigned as chairman, warning about the dangers of budget deficits and increased funding of "wasteful" defense costs. |
| Truman Library - Dr.Edwin G. Nourse Oral History Interview (18306 words) |
| NOURSE: Well, I use the word "politics" instead of "political science" to define that part of social science, which is inescapably political economy, which is the original name and it has now returned to that sort of an orientation. |
| NOURSE: That was the one time when the President put a question directly to the Council to answer and advise him on, and I'm sure that was on the motion of members of that group rather than on his own motion. |
| NOURSE: Yes, Hoover you see had specialized at the University of Michigan in location of industry, and that was a question in the rehabilitation from the distortion of war plants to get back to continuing peace plants, so he was a specialist in that field. |
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