The Role of Economic Advisers in Israel's Economic Policy: Crises, Reform and Stabilization

Research output: Book/ReportBookpeer-review


This book illustrates the role of international economic advisors in the development of Israel’s economic policies. Based on extensive archival and historical research, it presents case studies on the policy impacts of the world-renowned advisors Michal Kalecki, Abba Lerner, Richard Kahn, Milton Friedman, Herbert Stein and Stanley Fischer. The authors evaluate the contributions of these advisors to policy developments in various fields, including international trade and capital flows, exchange rates, fiscal and monetary policy, industrial policy and labor relations. Readers will discover a wealth of previously unpublished information on these advisors’ activities, perspectives on policy and interactions with policymakers and the public. Using the Israeli experience as a guide, the authors subsequently derive general hypotheses regarding the conditions that are conducive to the success of economic advisors.
Original languageEnglish
Place of PublicationCham
Number of pages176
ISBN (Electronic)978-3-319-60682-8, 3319606824, 9783319606828
StatePublished - 2017


  • Israel -- Economic conditions -- 20th century
  • Israel -- Economic conditions -- 21st century
  • Israel -- Economic policy

ULI publications

  • uli
  • Economic History
  • Economic history
  • Economics
  • History of Economic Thought/Methodology
  • Political Economy/Economic Policy
  • Public Policy
  • Public policy


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