Document Type
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BL
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Record Number
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876335
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Main Entry
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Taylor, Jason E.
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Title & Author
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Deconstructing the monolith : : the microeconomics of the National Industrial Recovery Act /\ Jason E. Taylor.
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Publication Statement
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Chicago :: The University of Chicago Press,, 2019.
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Series Statement
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Markets and Governments in Economic History
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Page. NO
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1 online resource :: illustrations
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ISBN
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022660344X
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: 9780226603445
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022660330X
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9780226603308
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Bibliographies/Indexes
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Includes bibliographical references and index.
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Contents
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Intro; Contents; Preface; 1. Introduction; 2. The Underpinnings, Precursors, and Development of the NIRA; 3. The NIRA Code Negotiation Process; 4. The President's Reemployment Agreement of August 1933; 5. Codes of Fair Competition: Industrial Planning and Collusion under the NIRA; 6. The NIRA Compliance Mechanism in Theory and Practice; 7. The Economics of Compliance and Enforcement and the NRA Compliance Crisis; 8. The Schechter Decision and the Lingering Effects of the NIRA; 9. Conclusion; Acknowledgments; Notes; References; Index
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Abstract
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The National Industrial Recovery Act 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. Antitrust laws were suspended, & companies were required to agree upon industry-level 'codes of fair competition' that regulated wages & hours & could implement anti-competitive provisions such as those fixing prices, establishing production quotas, & imposing restrictions on new productive capacity. The NIRA is generally viewed as a monolithic program, its dramatic & sweeping effects best measurable through a macroeconomic lens. In this work, Jason E. Taylor examines the act instead using microeconomic tools, probing the uneven implementation of the act's codes & the radical heterogeneity of its impact across industries & time.
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Subject
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United States., National Industrial Recovery Act of 1933.
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Subject
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Industrial policy-- United States.
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Subject
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New Deal, 1933-1939.
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Subject
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BUSINESS ECONOMICS-- Industries-- General.
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Subject
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Economic history.
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Subject
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Economic policy.
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Subject
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Industrial policy.
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Subject
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New Deal, 1933-1939.
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Subject
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National Industrial Recovery Act of 1933 (United States)
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Subject
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United States, Economic conditions, 1918-1945.
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Subject
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United States, Economic policy.
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Subject
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United States.
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Dewey Classification
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338.973
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LC Classification
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HD3616
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