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Between World War I and World War II, America's corporate liberals experienced a profound ideological change. In the 1920s, corporate liberals embraced company-specific solutions to economic problems. They believed that if every company, in every industry, employed advanced managerial techniques -- such as granting workers non-wage benefits to increase their job satisfaction -- employment, production, and profits could be stabilized and prosperity sustained indefinitely. The Great Depression, of course, made a mockery of this idyllic vision. Corporate liberals admitted that private efforts...