Economics in the Long Run: New Deal Theorists and Their Legacies, 1933-1993
"Rosenof is masterly in explicating the intellectual theories of his protagonists and tracing the evolution of their ideas. He is fully conversant with the literature of economics and also makes good use of the unpublished papers of Means, Hansen, and Schumpeter. It is his great strength that he is able to track essential continuities without losing sight of the subtle but noteworthy changes that so often color the idea systems as they move through time. To my mind, no scholar of economic thought writing today does this better."--American Historical Review"Rosenof has produced a valuable book that emphasizes often overlooked aspects of economic thought during the New Deal that remain relevant."--Reviews in American History"Rosenof's work is a blend of intellectual and economic history that tells a fascinating story with policy implications relevant to the present day."--Pennsylvania History"Historians can now rejoice that they have, at last, a concise, thorough, and lucid overview of the economic thought that has been driving American governmental policy since the Great Depression. In his telling of this complex tale, Rosenof also challenges us to realize that the central issues of the 1930s are still central, as is the possibility that a creative synthesis of ideas from the Age of Roosevelt might finally resolve them."--Alan Lawson, Boston College2ND OR 3RD SENTENCE CAN BE CUT TO FIT CONTEXT"An engagingly written history and evaluation of what has happened to institutionalist, Keynesian, and Schumpeterian economic thought since the New Deal era. It breaks new ground in its careful tracing of how each of these intellectual strands persisted and evolved over time, in its provocative analysis of why they failed to come together in potentially fruitful mergers, and especially in its illumination of important linkages between the New Deal's search for economic recovery and recent quests for economic revitalization. The book deserves a careful reading not only by historians of economic thought and U.S. economic policy but also by historically-oriented economists and political scientists, individuals currently engaged in economic policy making and analysis, and general readers with an interest in economic issues and the political economy."--Ellis W. Hawley, University of Iowa--This text refers to theUnknown Bindingedition.