Peddling Panaceas
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€127.99
Agricultural Adjustment Act
American economic thought
Amos Pinchot
Big Finance
Category=KCA
Category=KCZ
Commodity Dollar
Commodity Price Level
Conning Tower
Depression era economic policy proposals
economic reform movements
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Excess Plant Capacity
Federal Monetary Authority
Federal Reserve
Federal Reserve System
Free Business
Gary Dean Best
Gold Content
Great Depression analysis
Increase Consumer Purchasing Power
Irrepressible Conflict
James Rand
Monetary Unit
National Committee
New Deal policy debate
NIRA
nontraditional economists
policy influence history
Power Age
Stable Dollar
Stuart Chase
Thomas Amendment
War Industries Board
World Economic Conference
Young Men
Product details
- ISBN 9780765802880
- Weight: 589g
- Dimensions: 152 x 229mm
- Publication Date: 31 May 2005
- Publisher: Taylor & Francis Inc
- Publication City/Country: GB
- Product Form: Hardback
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As the Great Depression dragged on without a recovery, Americans were avid for anything that would help them to understand its causes and possible solutions. During this period, orthodox economists were largely discredited, both in the White House and among the public. Three of the most popular and influential figures of the period--Edward A. Rumely, Stuart Chase, and David Cushman Coyle--were not trained in economics. In Peddling Panaceas, Gary Dean Best analyzes their remedies for the Depression, their proposals for permanent economic reform, and their influence.Each of these men represented a principal economic faction within the New Deal. The inflationists within the New Deal found support from the Committee for the Nation, which was largely the creation of Edward Rumely. Rumely's committee was influential in the early New Deal, but largely passed into eclipse by early 1934. The planners within the New Deal were represented in popular magazines and books by Stuart Chase, who was an engineer and accountant before he began to expound on economics. An early advocate of collectivism, Chase's influence waned after the Supreme Court invalidated two early successes, the NRA and the AAA. David Cushman Coyle, a structural engineer who, like many engineers during the Depression, fancied himself an economist, may be taken as the voice of the followers of Supreme Court Justice Louis Brandeis within the New Deal. Always influential, they became more prominent after the invalidation of the NRA in 1935. These three popular economists not only influenced policy but also educated the American public about the Depression. Scarcely a month went by without an essay by Chase or Coyle in the popular magazines of the decade, and both were also prolific authors of books and pamphlets. Their views and influence help us understand the economic and political climate of the 1930s. Peddling Panaceas will be of interest to economists, cultural historians, political scientists, and sociologists.
