"Reaganomics" was the most ambitious attempt to change the course of American economic policy of any administration since the New Deal. In this lively, well-informed account, William Niskanen describes in detail the formulation of the Reagan economic program, the internal debates, the effects of this program on the economy, and the probable future of the Reagan economic initiative. A distinguished economist who served on the Council of Economic Advisers from 1981 to 1985, Niskanen was at the forefront of the Reagan revolution--as a supporter and internal critic, as a participant in and witness to many of the critical decisions that shaped this program. He provides here an authoritative, first-hand account of American economic policy in the 1980s.