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Book

Peddling Panaceas

Book

Peddling Panaceas

DOI link for Peddling Panaceas

Peddling Panaceas book

Popular Economics in the New Deal Era

Peddling Panaceas

DOI link for Peddling Panaceas

Peddling Panaceas book

Popular Economics in the New Deal Era
ByGary Dean Best
Edition 1st Edition
First Published 2005
eBook Published 25 October 2017
Pub. Location New York
Imprint Routledge
DOI https://doi.org/10.4324/9781315126180
Pages 273
eBook ISBN 9781315126180
Subjects Economics, Finance, Business & Industry
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Best, G.D. (2005). Peddling Panaceas: Popular Economics in the New Deal Era (1st ed.). Routledge. https://doi.org/10.4324/9781315126180

ABSTRACT

As the Great Depression dragged on without a recovery, Americans were avid for anything that would help them to understand its causes and possible solutions. During this period, orthodox economists were largely discredited, both in the White House and among the public. Three of the most popular and influential figures of the period - Edward A. Rumely, Stuart Chase, and David Cushman Coyle - were not trained in economics. In Peddling Panaceas, Gary Dean Best analyzes their remedies for the Depression, their proposals for permanent economic reform, and their influence. Each of these men represented a principal economic faction within the New Deal. The inflationists within the New Deal found support from the Committee for the Nation, which was largely the creation of Edward Rumely. Rumely's committee was influential in the early New Deal, but largely passed into eclipse by early 1934. The planners within the New Deal were represented in popular magazines and books by Stuart Chase, who was an engineer and accountant before he began to expound on economics. An early advocate of collectivism, Chase's influence waned after the Supreme Court invalidated two early successes, the NRA and the AAA. David Cushman Coyle, a structural engineer who, like many engineers during the Depression, fancied himself an economist, may be taken as the voice of the followers of Supreme Court Justice Louis Brandeis within the New Deal. Always influential, they became more prominent after the invalidation of the NRA in 1935. These three popular economists not only influenced policy but also educated the American public about the Depression. Scarcely a month went by without an essay by Chase or Coyle in the popular magazines of the decade, and both were also prolific authors of books and pamphlets. Their views and influence help us understand the economic and political climate of the 1930s. Peddling Panaceas will be of interest to economists, cultural historians, political scientists, and sociologists.

TABLE OF CONTENTS

chapter 1|28 pages

The Committee for the Nation

chapter 2|28 pages

The Committee for the Nation and the New Deal

chapter 3|30 pages

The Decline of the Committee for the Nation

chapter 4|30 pages

The Emergence of Stuart Chase

chapter 5|28 pages

Stuart Chase and the New Deal

chapter 6|24 pages

Stuart Chase and the Second New Deal

chapter 7|30 pages

Coyle and the Irrepressible Conflict

chapter 8|28 pages

Coyle and the Second New Deal

chapter 9|22 pages

Coyle and the Decline of the New Deal

chapter |4 pages

Conclusion

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