Jump to ContentJump to Main Navigation
Lobbying AmericaThe Politics of Business from Nixon to NAFTA$
Users without a subscription are not able to see the full content.

Benjamin C. Waterhouse

Print publication date: 2013

Print ISBN-13: 9780691149165

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691149165.001.0001

Show Summary Details
Page of

PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 25 June 2022

Business, Labor, and the Politics of Inflation

Business, Labor, and the Politics of Inflation

(p.106) Chapter 4 Business, Labor, and the Politics of Inflation
Lobbying America

Benjamin C. Waterhouse

Princeton University Press

This chapter traces the complex politics of inflation from the onset of wage-price controls in 1971 through the peak of America's inflationary experience during the Carter administration. During those years, the country's major business associations successfully mobilized a powerful lobbying operation by negotiating the new political terrain that inflation created. From the frustrating nadir, typified by the public spat between treasury secretary John Connally and Vice President Arch Booth, organized business leaders rebounded mightily, successfully engaging in both ideological debates and interest group politics to bolster their institutional unity and achieve clear policy victories. Historically, battles over price instability emerged along the class lines created by an industrial political economy—they pitted the interests of workers against those of employers, or labor against capital.

Keywords:   inflation, wage-price controls, Carter administration, lobbying operation, John Connally, Arch Booth, business leaders, price instability

Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.