Depression, War, and Cold War: Studies in Political Economy

Depression War and Cold War Studies in Political Economy Other books exist that warn of the dangers of empire and war However few if any of these books do so from a scholarly informed economic standpoint In Depression War and Cold War Robert Higgs a

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  • Title: Depression, War, and Cold War: Studies in Political Economy
  • Author: Robert, Higgs
  • ISBN: 9780195182927
  • Page: 491
  • Format: Hardcover
  • Other books exist that warn of the dangers of empire and war However, few, if any, of these books do so from a scholarly, informed economic standpoint In Depression, War, and Cold War, Robert Higgs, a highly regarded economic historian, makes pointed, fresh economic arguments against war, showing links between government policies and the economy in a clear, accessible waOther books exist that warn of the dangers of empire and war However, few, if any, of these books do so from a scholarly, informed economic standpoint In Depression, War, and Cold War, Robert Higgs, a highly regarded economic historian, makes pointed, fresh economic arguments against war, showing links between government policies and the economy in a clear, accessible way He boldly questions, for instance, the widely accepted idea that World War II was the chief reason the Depression era economy recovered The book as a whole covers American economic history from the Great Depression through the Cold War Part I centers on the Depression and World War II It addresses the impact of government policies on the private sector, the effects of wartime procurement policies on the economy, and the economic consequences of the transition to a peacetime economy after the victorious end of the war Part II focuses on the Cold War, particularly on the links between Congress and defense procurement, the level of profits made by defense contractors, and the role of public opinion andnt ideological rhetoric in the maintenance of defense expenditures over time This new book extends and refines ideas of the earlier book with new interpretations, evidence, and statistical analysis This book will reach a similar audience of students, researchers, and educated lay people in political economy and economic history in particular, and in the social sciences in general.

    One thought on “Depression, War, and Cold War: Studies in Political Economy”

    1. There’s a story that most Americans of my and later generations have grown up with. It goes something like this: in the late 1920’s our economy spontaneously dropped off a cliff due to an (unexplained) failure of capitalism and free enterprise. Although the situation was initially made worse by the laissez faire ideology of the Hoover administration, from 1933 onward FDR boldly enacted needed government policies to compensate for the inability of free markets to generate full employment and [...]

    2. One of my most cherished volumes in economics and Political Economy. A classic series of scholarly and highly accessible essays treating the assumptions given in textbooks that drive the overall logical fallacy which teaches the high outputs of government spending for wars relieves the desire for employment or safety. We discover many golden sets of raw data, extracted from the government's own recordings and archives, displaying the deficit of any evidence that government activity and contracts [...]

    3. Higgs is trying to disabuse the public of the idea that FDR's relentless attacks on liberty and private property were in any way useful during the Great Depression. To the contrary, he was the primary focal point of the foolish, class envy-based, reactionary policy that made the Great Depression last so long.And he goes further--rather than accepting the widely held notion that "the war got us out of the Great Depression", he examines the possibility that what really happened was that the teeth [...]

    4. Interesting Quote:"With Roosevelt and the ardent New Dealers who surrounded him in full cry, private investors dared not risk their funds in the amounts typical of the late 1920s. In 1945 and 1946, with Roosevelt dead, the New Deal in retreat, and most of the wartime controls being removed, investors came out in forceFor investors, the nightmare was over. For the economy, once more, prosperity was possible." -Robert Higgs, Depression, War, and Cold War

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