Taylor Jason E. Taylor

Deconstructing the Monolith (eBook, ePUB)

The Microeconomics of the National Industrial Recovery Act

• Format: ePub

Produktbeschreibung

The National Industrial Recovery Act (NIRA) was enacted by Congress in June of 1933 to assist the nation's recovery during the Great Depression. Its passage ushered in a unique experiment in US economic history: under the NIRA, the federal government explicitly supported, and in some cases enforced, alliances within industries. Antitrust laws were suspended, and companies were required to agree upon industry-level "e;codes of fair competition"e; that regulated wages and hours and could implement anti-competitive provisions such as those fixing prices, establishing production quotas, and imposing restrictions on new productive capacity. The NIRA is generally viewed as a monolithic program, its dramatic and sweeping effects best measurable through a macroeconomic lens. In this pioneering book, however, Jason E. Taylor examines the act instead using microeconomic tools, probing the uneven implementation of the act s codes and the radical heterogeneity of its impact across industries and time. Deconstructing the Monolith employs a mixture of archival and empirical research to enrich our understanding of how the program affected the behavior and well-being of workers and firms during the two years NIRA existed as well as in the period immediately following its demise.

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Produktdetails

• Verlag: University of Chicago Press
• Seitenzahl: 224
• Erscheinungstermin: 18. Februar 2019
• Englisch
• ISBN-13: 9780226603445
• Artikelnr.: 56139396