The Power of Independent Thinking


Stay Connected
Get the latest updates straight to your inbox.

Volume 23  Number 1  •  Summer 2018
All Issues:  

Why Did the Roosevelt Administration Think Cartels, Higher Wages, and Shorter Workweeks Would Promote Recovery from the Great Depression?
By Bernard C. Beaudreau, Jason E. Taylor
This article appeared in the Summer 2018 issue of The Independent Review

President Franklin D. Roosevelt’s National Industrial Recovery Act of 1933 authorized policies that today’s mainstream economic theory views as contractionary. During the depths of the Great Depression, however, many viewed the legislation not as a risky departure from orthodoxy, but instead as a collection of familiar measures that had already been implemented on a smaller scale.

This article will be posted in full nine months after its initial print publication. To read it now, please download the issue via the Independent Review app (available on iOS, Kindle Fire and Android) for $2.99, or buy a print copy of this issue for $12.00.

  • Catalyst