From New Era to New Deal
Herbert Hoover, the Economists, and American Economic Policy, 1921-1933
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From New Era to New Deal by William J. Barber
Book DescriptionIn popular imagery, Herbert Hoover is often stereotyped as a 'do-nothing' president who offered only nineteenth-century slogans for the greatest economic catastrophe in twentieth-century American history. Nothing could be further from the truth. This study examines the properties of an innovative approach to economic growth and stability formulated by Hoover and his associates during his years as secretary of commerce (1921-9) and inspects his deployment of this strategy from the White House following the Great Crash in the autumn of 1929. Attention is then focused on Hoover's attempts to reformulate his macro-economic programme as the depression deepened in late 1931 and 1932. Archival materials provide arresting insights into Hoover's aspirations for a new institution - the Reconstruction Finance Corporations - as a vehicle for stimulating investment through a novel form of 'off-budget' financing. To complement the discussion of Hoover's theories of economic policy in their various manifestations, the views of contemporary economists on problems of the day are surveyed.
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Book DetailsISBN: 9780521367370
(228mm x 152mm x 15mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 27-Jan-1989
Country of Publication: United Kingdom
Books By Author William J. Barber
History of Economic Thought, Paperback (June 2009)
An invigorating study of the development of systematic economic ideas
Gunnar Myrdal, Hardback (November 2007)» View all books by William J. Barber
Gunnar Myrdal made original contributions to monetary theory and policy and to the methodology of economics and social science. This study examines the manner in which his intellectual style left an impact on the shaping of Sweden's welfare state, on race relations in US and on post-World War Two economic cooperation in Europe.
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