Neuware - 'A new history of the New Deal's economic recovery efforts-and why they failed to delivery on their promises. FDR's New Deal policies have long enjoyed a special place in the history of American policy and society-not just because many of them lastingly redefined the Federal government's fundamental responsibilities, but because New Dealer's willingness to engage in what Roosevelt called 'bold experimentation' represented a type of policymaking that many observers would like to see more of. In False Dawn, economist George Selgin offers a counterweight to such laudatory thinking about the New Deal. Famously, Roosevelt's goals for his administration were relief, recovery, and reform. Selgin weaves decades of economic research to show that, although the New Deal helped set the stage for a speedy recovery, crucial parts of its rescue program failed to live up to their promise. Until World War II intervened, over fifteen percent of American workers were still either unemployed or on work relief, and much of the recovery that took place until then occurred despite rather than because of New Deal policies. 'The thing about bold experiments,' Selgin observes, 'is that they often fail.' Selgin's goal isn't to blow up a favorite chapter in progressive history, but to sort out the New Deal's successes from its failures, with the aim of making sure the right lessons are drawn from the Great Depression experience for dealing with future recessions. It is, Selgin says, only by carefully considering each New Deal recovery experiment, together with other developments that either aided or interfered with economic recovery, that we can know 'which [New Deal] programs.to ever consider reviving-and which ones to avoid like the plague.''. N� de ref. del art�culo 9780226832937

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T�tulo: False Dawn : The New Deal and the Promise of...

Editorial: University Of Chicago Press Apr 2025

A�o de publicaci�n: 2025

Encuadernaci�n: Buch

Condici�n: Neu

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Sinopsis:

A definitive history of the United States’ recovery from the Great Depression―and the New Deal's true part in it.

FDR’s New Deal has long enjoyed a special place in American history and policy―both because it redefined the government’s fundamental responsibilities and because Roosevelt’s “bold experimentation” represented a type of policymaking many would like to see repeated.

But “the thing about bold experiments,” economist George Selgin reminds us, “is that they often fail.” In False Dawn Selgin draws on both contemporary sources and numerous studies by economic historians to show that, although steps taken during the Roosevelt administration’s first days raised hopes of a speedy recovery from the Great Depression, instead of fulfilling those hopes, subsequent New Deal policies proved so counterproductive that over seventeen percent of American workers―more than the peak unemployment rate during the COVID-19 crisis―were still either unemployed or on work relief six years later.

By distinguishing the New Deal’s successes from its failures, and explaining how the U.S. finally managed to lay the specter of mass unemployment to rest, Selgin draws salient lessons for dealing with future recessions.

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George Selgin is professor emeritus of economics at the University of Georgia and a senior fellow and director emeritus of the Cato Institute’s Center for Monetary and Financial Alternatives. His writings have appeared in the Economic Journal, Financial Times, and the Wall Street Journal. His most recent book is The Menace of Fiscal QE.

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