the Allied high command, rather than on what Rostow can contribute from ï¬rst-hand observation. The MIT link (Center for International Studies) with Washington in the Eisenhower years was the vehicle through which Rostow fed position papers to the White House on a number of topics: among them, the potential for terminating the Cold War following the death of Stalin; the merits of challenging the Soviet leadership with an âopen skiesâ initiative; and the case for substantial enlargement of U.S. aid to third world countries. Rostowâs account of this period offers an arresting insight into the tensions between two strong personalities in the Eisenhower entourage: Secretary of State John Foster Dulles and Nelson Rockefeller, special assistant to the president. Rostow moved much closer to the front lines when joining the Kennedy administration in 1961. He devotes a chapter to his contribution to the effort to reconcile full employment and price stability through the articulation of âguidepostsâ for socially responsible wage making and price making. (Under the âguidepostâ formula, increases in factor incomes should not exceed the average rate of growth in productivity.) This was the issue at stake in Kennedyâs vigorous attack on the U.S. Steel Corporation in 1962.
History of Political Economy – Duke University Press
Published: Sep 1, 2004