Billions for Defense
Government Finance by the Defense Plant Corporation During World War II
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"This compact monograph [is] a timely book on an important public policy issue. When markets are deemed incapable of producing certain outcomes desired by society, how may governments induce them? White has given us the story of a successful government effort to induce an outcome outside the market system - the Defense Plant Corporation of World War II, which added a crucial 30 percent to America's defense production capacity in the emergency of 1941-1945. The story is absorbing." - American Historical Review; "White uses public archival sources to describe and analyze a significant administra...
"This compact monograph [is] a timely book on an important public policy issue. When markets are deemed incapable of producing certain outcomes desired by society, how may governments induce them? White has given us the story of a successful government effort to induce an outcome outside the market system - the Defense Plant Corporation of World War II, which added a crucial 30 percent to America's defense production capacity in the emergency of 1941-1945. The story is absorbing." - American Historical Review; "White uses public archival sources to describe and analyze a significant administrative experiment in financial and economic mobilization... the leasing mechanism that public officials devised to negotiate their way across the industry government divide." - Business History Review
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