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Markets, Planning and the Moral Economy - Business Cycles in the Progressive Era and New Deal (Hardcover)
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Markets, Planning and the Moral Economy - Business Cycles in the Progressive Era and New Deal (Hardcover)
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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 programs. 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.This fascinating historical study explores the conflict
between what the authors identify as two competing ideologies: the
market economy, whose proponents advocated a hands-off approach and
a trust in allowing the markets to adjust themselves, and the moral
economy, whose supporters favored a system of government planning
and stewardship designed to promote economic fairness. Presenting
arguments from each side by public figures and intellectuals, this
book offers the most thorough and complete analysis to date of the
new economic discourse that arose during the Progressive movement
and remains a vital component of our economic and political
discussions today. Professors and students of economics, political
science, public policy, and history will all find much to admire in
this fascinating and accessible volume. Scholars from across the
world will also find this book helpful in contemplating the
long-term effects that the tension between the market economy and
the moral economy can have on an individual country s economic
system. Contents: 1. Introduction: The Moral Economy versus the
Market Economy 2. The Moral Economy in the 19th Century: Bellamy
versus Sumner 3. The Business Cycle: A Moral Economy Perspective 4.
The Business Cycle: A Market Economy Perspective 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 Epilogue: The Moral Economy
in the 21st Century Bibliography Index
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