Jason E. Taylor, Deconstructing the Monolith: The Microeconomics of the National Industrial Recovery Act

Scott Alan CARSON

Abstract


Abstract. After two years of languished recovery, additional measures were needed, and within six weeks of early 1933, policy makers armed with modern economic theory developed a plan to restructure the US economy and combat the worsening Great Depression.  In Reconstructing the Monolith, Jason Taylor synthesizes his and other scholar’s research to address the National Industrial Recovery Act.

Keywords. Microeconomics, Nartional industrial, Monolith.

JEL. B21, D00, D20, D40.


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References


Cole, H., & Ohanian, L. (2004). New deal policies and the persistence of the great depression: A general equilibrium analysis. Journal of Political Economy, 112(4), 779-816. doi. 10.1086/421169

Ebenstein, L. (2015). Chicagonomics: The Evolution of Chicago Free Market Economics. Saint Martin’s Press: New York.

Freidman, M., & Swartz, A. (1965). Factors Accounting for Changes in the Stock of Money. The Great Contraction, 1929-1933. Princeton: Princeton University Press.




DOI: http://dx.doi.org/10.1453/ter.v7i1.2036

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