20th century
A01=Jason E Taylor
american history
anti-competitive
antitrust laws
archival research
Author_Jason E Taylor
businesses
Category=KCC
Category=KCD
Category=KCZ
economics
economy
enforcement
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
fair competition
federal government
fixing prices
Great Depression
historical
labor
microeconomics
national industry recovery act
negotiation
nira
policy
production quotas
reemployment agreement
schechter decision
united states of america
usa
workers
Product details
- ISBN 9780226603308
- Dimensions: 152 x 229mm
- Publication Date: 10 Jan 2019
- Publisher: The University of Chicago Press
- Publication City/Country: US
- Product Form: Hardback
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The National Industrial Recovery Act (NIRA) was enacted by Congress in June of 1933 to assist the nation's recovery during the Great Depression. Its passage ushered in a unique experiment in US economic history: under the NIRA, the federal government explicitly supported, and in some cases enforced, alliances within industries. Antitrust laws were suspended, and companies were required to agree upon industry-level "codes of fair competition" that regulated wages and hours and could implement anti-competitive provisions such as those fixing prices, establishing production quotas, and imposing restrictions on new productive capacity.
The NIRA is generally viewed as a monolithic program, its dramatic and sweeping effects best measurable through a macroeconomic lens. In this pioneering book, however, Jason E. Taylor examines the act instead using microeconomic tools, probing the uneven implementation of the act's codes and the radical heterogeneity of its impact across industries and time. Deconstructing the Monolith employs a mixture of archival and empirical research to enrich our understanding of how the program affected the behavior and well-being of workers and firms during the two years NIRA existed as well as in the period immediately following its demise.
Jason E. Taylor is the Jerry and Felicia Campbell Chair Professor of Economics at Central Michigan University.
