ISBN-13: 9781412807241 / Angielski / Miękka / 2007 / 288 str.
ISBN-13: 9781412807241 / Angielski / Miękka / 2007 / 288 str.
As the Great Depression dragged on without a recovery, Americans were avid for anything that would help them to understand its causes and possible solutions. During this period, orthodox economists were largely discredited, both in the White House and among the public. Three of the most popular and influential figures of the period-Edward A. Rumely, Stuart Chase, and David Cushman Coyle-were not trained in economics. In Peddling Panaceas, Gary Dean Best analyzes their remedies for the Depression, their proposals for permanent economic reform, and their infl uence on the New Deal. Each of these men represented one of the three principal economic factions within the New Deal. The inflationists within the New Deal found support from the Committee for the Nation, which was largely the creation of Edward Rumely, a physician-turned-educator-turned-businessman-turned newspaper publisher-turned-amateur economist. Rumely's committee was influential in the early New Deal. The planners within the New Deal were represented in popular magazines and books by Stuart Chase, who was an engineer and accountant before he began to expound on economics.