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...
As the Great Depression dragged on without a recovery, Americans were avid for anything that would help them to understand its causes and possible sol...