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Though understandably preoccupied with the immediate problems of the Great Depression, the generation of economists that came to the forefront in the 1930s also looked ahead to the long-term consequences of the crisis and proposed various solutions to prevent its recurrence. Theodore Rosenof examines the long-run theories and legacies of four of the leading members of this generation: John Maynard Keynes of Great Britain, who influenced the New Deal from afar; Alvin Hansen and Gardiner Means, who fought over the direction of New Deal policy; and Joseph Schumpeter, an opponent of the New Deal....

Realignment: The Theory that Changed the Way We Think About American Politics tells the dramatic story of how a new approach to American politics emerged in the afternmath of Harry Truman's stunning 1948 election upset victory. This approach--realignment theory--held that critical elections such as those of the Civil War era, the 1890's, and the 1930's shaped politics for decades to come. Theodore Rosenof details how realignment theory emerged as the predominant explanation of electoral change and how, after decades of analysis, it remains a subject of continuing influence and controversy....