Institutionalism and Fiscal Policy at Mid-Century

The career and contributions of Roy Blough (1901-2000) are considered as a case study of Wisconsin Institutionalism in government policy-making at mid-century. Faculty member at Cincinnati, Chicago and Columbia, editor of the National Tax Journal, director of the research division of the U.S. Treasury and member of the Council of Economic Advisors, Blough played a significant role in the development of fiscal policy. Considered are Blough's contributions to tax policy and his views on Keynesian public finance. Wisconsin Institutionalist contributions to modern fiscal policy are identified