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Dr. Paul Craig Roberts - Former US Treasury Official, Co-Founder of Reaganomics, Economist & Acclaimed Author - Dr. Paul Craig Roberts is an American economist, a columnist and recent author of “The Failure Of Laissez Faire Capitalism”.
He served as an Assistant Secretary of the Treasury in the Reagan
Administration earning fame as a co-founder of Reaganomics. He is a
former editor and columnist for the Wall Street Journal, Business Week,
and Scripps Howard News Service. Dr. Roberts has testified before
congressional committees on 30 occasions on issues of economic policy.
He has also written extensively that during the 21st century the Bush
and Obama administrations have destroyed the US Constitution's
protections of Americans' civil liberties and has been a critic of both
Democratic and Republican administrations.
Biography from Wikipedia.com
Dr. Paul Craig Roberts - Economist, Co-Founder of Reaganomics & Acclaimed Author
Roberts is a graduate of
the Georgia Institute of Technology and holds a Ph.D. from the
University of Virginia. He was a post-graduate at the University of
California, Berkeley and at Merton College, Oxford University. His first
scholarly article (Classica et Mediaevalia) was a reformulation of "The
Pirenne Thesis."
In
Alienation and the Soviet Economy
(1971), Roberts explained the Soviet economy as the outcome of a
struggle between inordinate aspirations and a refractory reality. He
argued that the Soviet economy was not centrally planned, but that its
institutions, such as material supply, reflected the original Marxist
aspirations to establish a non-market mode of production. In
Marx's Theory of Exchange
(1973), Roberts argued that Marx was an organizational theorist whose
materialist conception of history ruled out good will as an effective
force for change.
From 1975 to 1978, Roberts
served on the congressional staff. As economic counsel to Congressman
Jack Kemp he drafted the Kemp-Roth bill (which became the Economic
Recovery Tax Act of 1981) and played a leading role in developing
bipartisan support for a supply-side economic policy. His influential
1978 article for
Harper's, while economic counsel to Senator Orrin Hatch, had
Wall Street Journal
editor Robert L. Bartley give him an editorial slot, which he had until
1980. He was a senior fellow in political economy at the Center for
Strategic and International Studies, then part of Georgetown University.
From early 1981 to January
1982 he served as Assistant Secretary of the Treasury for Economic
Policy. President Ronald Reagan and Treasury Secretary Donald Regan
credited him with a major role in the Economic Recovery Tax Act of 1981,
and he was awarded the Treasury Department's Meritorious Service Award
for "outstanding contributions to the formulation of United States
economic policy." Roberts resigned in January 1982 to become the first
occupant of the William E. Simon Chair for Economic Policy at the Center
for Strategic and International Studies, then part of Georgetown
University. He held this position until 1993. He went on to write
The Supply-Side Revolution (1984), in which he explained the reformulation of macroeconomic theory and policy that he had helped to create.
He was a Distinguished
Fellow at the Cato Institute from 1993 to 1996.
He was a Senior Research
Fellow at the Hoover Institution.
In The New Color Line
(1995), Roberts argued that the Civil Rights Act was subverted by the
bureaucrats who applied it and, by being used to create status-based
privileges, became a threat to the Fourteenth Amendment in whose name it
was passed. In The Tyranny of Good Intentions
(2000), Roberts documented what he saw as the erosion of the
Blackstonian legal principles that ensure that law is a shield of the
innocent and not a weapon in the hands of government.
