The New Deal and the Problem of Monopoly: A Study in Economic Ambivalence

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Overview

During the New Deal and since, both liberals and conservatives have cited the Roosevelt administration's policy toward monopoly as an example of illogical consistency....This superb book...makes clear that the inconsistency was the result of political tugging and hauling rather than the president's muddy thinking...Thoroughly researched, clearly written, sharply thought out and focused, this book is a major contribution to the history of economic thought"." -- 'The Journal of American History'
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Editorial Reviews

Booknews
A reissue of a classic study of Franklin D. Roosevelt's administrative policy toward monopoly during the New Deal. Both liberal and conservative observers since then have cited the policy as an example of illogic and inconsistency. Hawley shows that the inconsistency was the result of political tugging rather than muddy thinking by the president. He traces the patterns of conflict and compromise among the schools of thought that desired a rationalized, government-sponsored business commonwealth, those that hoped to restore and preserve a competitive system, and those that envisioned a form of democratic collectivism in which the monopoly power of businesses would be transferred to the state. First published in 1966 by Princeton U. Press; new introduction. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780823216086
  • Publisher: Fordham University Press
  • Publication date: 1/1/1995
  • Edition description: 2
  • Pages: 525
  • Product dimensions: 8.60 (w) x 5.70 (h) x 1.40 (d)

Meet the Author

Ellis W. Hawley is a member of the Department of History at the University of Iowa.

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Table of Contents

Preface
Abbreviations
Note on Sources
Introduction to the 1995 Edition
Introduction: The Problem and Its Setting 3
Pt. I The NRA Experience
1 The Birth of an Economic Charter 19
2 The Conflict of Goals 35
3 The Triumph of Industrial Self-Government 53
4 The Association Idea in Retreat 72
5 The Policy Deadlock 91
6 The Last Days of the NRA 111
7 The NRA in Retrospect 130
Pt. II Economic Planning in the Post-Schechter Era
8 The Faded Dream of the Business Commonwealth 149
9 The Mirage of National Planning 169
10 The Concept of Counterorganization 187
11 Partial Planning in Sick and Natural Resource Industries 205
12 Partial Planning in the Transportation Industries 226
13 Partial Planning in the Distributive and Service Trades 247
14 New Deal Economic Planning in Retrospect 270
Pt. III The Antitrust Tradition
15 The Antitrusters and Their Program 283
16 The Antitrusters and the Money Power 304
17 The Antitrusters and the Power Trust 325
18 The Antitrusters and the Taxing Power 344
19 Further Skirmishes on the Antitrust Front, 1934-1937 360
Pt. IV New Deal Policy and the Recession of 1937
20 The Recession and the Search for a Policy 383
21 The Monopoly Inquiry and the Spending Program 404
22 Thurman Arnold and the Revival of Antitrust Prosecution 420
23 The Arnold Program in Practice 439
24 The Continued Debate 456
Conclusion: The New Deal and the Problem of Monopoly: Retrospect and Prospect 472
Index 495
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