Markets, Planning and the Moral EconomyMarkets, Planning and the Moral Economy

Stabile, D.R. Kozak, A.F

Edward Elgar, November 2012;  296 pp

Markets, Planning and the Moral Economy examines the rise of the Progressive movement in the United States during the early decades of the 20th century, particularly the trend toward increased government intervention in the market system that culminated in the establishment of President Roosevelt’s New Deal programs. The authors consult writings from politicians, business leaders, and economists of the time, using a variety of historical perspectives to illuminate the conflicting viewpoints that arose as the country struggled to recover from the worst economic downturn in its history.

Contents: 1. Introduction: The Moral Economy versus the Market Economy 2. The Moral Economy in the 19th Century: Bellamy versus Sumner 3. The Business Cycle: A Moral Economy Perspective 4. The Business Cycle: A Market Economy Perspective 5. The Progressive Push for Planning: 1900 to 1920 6. The Progressive Push for Planning: 1920 to 1930 7. The Great Depression 8. Franklin Delano Roosevelt and the Moral Economy 9. The National Industrial Recovery Act: Moral Economy Perspectives 10. The National Industrial Recovery Act: Market Economy Perspectives 11. The Aftermath of the National Industrial Recovery Act 12. Keynes, Fiscal Policy and Planning 13. The New Deal and Planning Epilogue: The Moral Economy in the 21st Century Bibliography Index