Economic history: FDR for beginners

Posted: October 30, 2015 in economy
Tags: , ,

UK Only Article: 
standard article

Issue: 

The trust machine

Fly Title: 

Economic history

Rubric: 

An excellent primer on Franklin Roosevelt’s economics

The Money Makers: How Roosevelt and Keynes Ended the Depression, Defeated Fascism and Secured a Prosperous Peace. By Eric Rauchway. Basic Books; 305 pages; $28.99.
OLD-FASHIONED historians recoil at the idea of learning from the past to inform the present. But in “The Money Makers”, Eric Rauchway, a historian at the University of California, Davis, tries to do just that. His book looks at the economic policy of Franklin Delano Roosevelt, a four-time American president from 1933 to 1945, and how he was influenced by John Maynard Keynes, a British economist. Mr Rauchway argues that policymakers today could learn “valuable lessons” from Roosevelt, who shook up the economic orthodoxy to rescue America from the Great Depression of the 1930s and to keep the Allies going during the second world war.

In what ways was Roosevelt so radical? For one, in the depths of the Depression he launched a series of public works—building …

via Economic Crisis http://ift.tt/1SbG3jz

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s