Markets, Planning And The Moral Economy
Business Cycles in the Progressive Era and New Deal
Donald R. Stabile, Professor of the College, St Mary’s College, Maryland, US and the late Andrew F. Kozak, formerly Associate Professor of Economics, St Mary’s College, Maryland, US
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Markets, Planning and the Moral Economy examines the rise of the Progressive movement in the United States during the early decades of the 20th century, particularly the trend toward increased government intervention in the market system that culminated in the establishment of President Roosevelt’s New Deal programmes. The authors consult writings from politicians, business leaders, and economists of the time, using a variety of historical perspectives to illuminate the conflicting viewpoints that arose as the country struggled to recover from the worst economic downturn in its history.
Contents: 1. Introduction: The Moral Economy versus the Market Economy 2. The Moral Economy in the Nineteenth Century: Bellamy versus Sumner 3. The Business Cycle: Moral Economy Perspectives 4. The Business Cycle: Market Economy Perspectives 5. The Progressive Push for Planning: 1900 to 1920 6. The Progressive Push for Planning: 1920 to 1930 7. The Great Depression 8. Franklin Delano Roosevelt and the Moral Economy 9. The National Industrial Recovery Act: Moral Economy Perspectives 10. The National Industrial Recovery Act: Market Economy Perspectives 11. The Aftermath of the National Industrial Recovery Act 12. Keynes, Fiscal Policy and Planning 13. The New Deal and Planning 14. Epilogue: The Moral Economy in the Twenty-first Century Bibliography Index