Abstract:
What conditions cause major policy changes under representative government? This article addresses that question by providing a theoretically grounded analysis of a massive policy change: the New Deal. It explains how the economic problems of the early 1930s initiated changes on several dimensions of policy: federal spending, labor market regulation, and civil rights. The article concludes by considering the broader lessons learned from the political economy of the New Deal. (c) 2008 by The University of Chicago. All rights reserved..
Journal of Political Economy is edited by Steven D. Levitt, MONIKA PIAZZESI, CANICE PRENDERGAST and ROBERT SHIMER
More articles in Journal of Political Economy from University of Chicago Press Address: The University of Chicago Press, Journals Division, P.O. Box 37005 Chicago, IL 60637 Series data maintained by Christopher F. Baum ().
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