ABSTRACT

Herbert Hoover did his best, but he was no match for the depression, and persistent "hard times" sparked political changes that set the "Commons team" to work on long-sought reforms. So, as John R. Common aged into social statesman status and finished his book on reasonable value. Then, in November, 1930, Wisconsin voters elected a new governor, Philip La Follette, a son of "Fighting Bob" who brought back the "Wisconsin Idea"—with mixed results for John R'.s sense of equilibrium. Congressmen and Senators cemented John R'.s social statesman status by seeking his advice about their proposed cures for the Great Depression. The Principles of Labor Legislation was the only one of John R'.s books that ever sold in large numbers. Scholars interested in John R'.s thought generally pay more attention to the Legal Foundations of Capitalism, Institutional Economics, and perhaps Myself.