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Wagner's Legacy in America : Re-opening Farnam's Inquiry

Carlson, Benny LU (1999) In Journal of the History of Economic Thought 21(3). p.289-310
Abstract
The continual interaction between economic change and economic policies designed to manage or guide this change seldom finds such dramatic expression as when one type of economy replaces another, e. g., when the industrial economy replaces the agrarian or is in turn supplanted by the “post-industrial” economy.

Thus, when the American economy was in the thick of its industrial revolution during the decades around the turn of this century, it was subjected to a series of government interventions the lowest common denominator of which has been summarized in the title of a book by Morton Keller, Regulating a New Economy (1996). In the United States as in all other countries, these interventions consisted of a glorious jumble of... (More)
The continual interaction between economic change and economic policies designed to manage or guide this change seldom finds such dramatic expression as when one type of economy replaces another, e. g., when the industrial economy replaces the agrarian or is in turn supplanted by the “post-industrial” economy.

Thus, when the American economy was in the thick of its industrial revolution during the decades around the turn of this century, it was subjected to a series of government interventions the lowest common denominator of which has been summarized in the title of a book by Morton Keller, Regulating a New Economy (1996). In the United States as in all other countries, these interventions consisted of a glorious jumble of attempts to solve problems as they arose, of “bespoke jobs” in response to diverse economic interests, and of sundry ideologically-motivated efforts to move events in particular directions. (Less)
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author
organization
publishing date
type
Contribution to journal
publication status
published
subject
in
Journal of the History of Economic Thought
volume
21
issue
3
pages
289 - 310
publisher
Cambridge University Press
ISSN
1053-8372
DOI
10.1017/S1053837200004272
language
English
LU publication?
yes
id
ef594f60-f307-4c94-8124-6270437884bf
date added to LUP
2016-04-16 20:31:52
date last changed
2016-05-11 10:27:18
@misc{ef594f60-f307-4c94-8124-6270437884bf,
  abstract     = {The continual interaction between economic change and economic policies designed to manage or guide this change seldom finds such dramatic expression as when one type of economy replaces another, e. g., when the industrial economy replaces the agrarian or is in turn supplanted by the “post-industrial” economy.<br/><br/>Thus, when the American economy was in the thick of its industrial revolution during the decades around the turn of this century, it was subjected to a series of government interventions the lowest common denominator of which has been summarized in the title of a book by Morton Keller, Regulating a New Economy (1996). In the United States as in all other countries, these interventions consisted of a glorious jumble of attempts to solve problems as they arose, of “bespoke jobs” in response to diverse economic interests, and of sundry ideologically-motivated efforts to move events in particular directions.},
  author       = {Carlson, Benny},
  issn         = {1053-8372},
  language     = {eng},
  number       = {3},
  pages        = {289--310},
  publisher    = {ARRAY(0x923de48)},
  series       = {Journal of the History of Economic Thought},
  title        = {Wagner's Legacy in America : Re-opening Farnam's Inquiry},
  url          = {http://dx.doi.org/10.1017/S1053837200004272},
  volume       = {21},
  year         = {1999},
}