The New Trends in Economic Policy in the USA

digital

Articolo

Rivista

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI

Fascicolo

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2011 - 3-4

Titolo

The New Trends in Economic Policy in the USA

Autore

Francesco Vito

Editore

Vita e Pensiero

Formato

Articolo |

Pdf

Online da

03-2011

Issn

0035-676X (stampa) | 1827-7918 (digitale)

Scrivi un commento per questo prodotto

€ 6,00

Ebook in formato Pdf leggibile su questi device:

Computer
con Software:
- Adobe PDF Reader
Android
iPhone/Ipad
con App:
- Adobe PDF Reader
E-Book Reader
Ibs Tolino
Kobo

Descrizione Commenti dei lettori

The author offers an overview and an overall interpretation of the various policy measures and programs composing in the New Deal launched by the newly appointed American President Franklin D. Roosevelt. A theoretical basis and clear objectives underlie the New Deal economic policies in their entirety. Supported by deep knowledge of literature and concrete experiences attested by unpublished documents, the article focuses on Veblen, technocracy and planning (Soule, Chase), under- consumption and income inequality (Foster and Catchings) pragmatism and quantitative studies (Mitchell), public expenditure (Hansen, Mitchell), scientific management, industrial coordination, social activism, and the leading position of J.M. Clark from Columbia University where originated the ‘‘Brain Trust’’. Vito analyzes furthermore the contribution by Tugwell, Slichter, Hamilton, Hansen, Paterson, and Lorwin. The needs for social reform and social control on economic activity prevail over the need for cycle stabilization related to monetary policy: Monetary stabilization does not work by itself if not in the short term, and therefore managed currency experiments have to be subordinated or functional to managed economy. The author also deals with the issue of high wages, which he positively evaluates when part of a policy of wealth redistribution, production coordination and re-equilibration between the various sectors.

Key words: New Deal; Veblen, Soule, Chase, J.M. Clark, Tugwell, Slichter, Hamilton, Hansen, Paterson, Lorwin; managed currency/managed economy; high wages policy.

JEL Classification: B2, B25, B31.

Inserisci un commento per The New Trends in Economic Policy in the USA

News

07.02.2023

Servono ancora i corpi intermedi?

La presentazione del volume di Antonio Campati, venerdì 17 febbraio alle 17:15.

30.01.2023

Armida Barelli: la donna che ha cambiato un'epoca

Il 6 marzo un dialogo con Ernesto Preziosi e Carmelina Chiara Canta sulla figura di Armida Barelli.

14.10.2022

Scopri e partecipa alla Scuola di lettura

La seconda edizione della kermesse culturale Viva il lettore, rivolta agli studenti universitari e agli adulti.

28.09.2022

Dimmi cosa mangi e ti dirò chi sei

Intervista a Patrizia Catellani e Valentina Carfora, autrici di "Psicologia sociale dell'alimentazione", per capire meglio le nostre scelte alimentari.