The National Industrial Recovery Act (NIRA) was enacted by Congress in
June of 1933 to assist the nation’s recovery during the Great
Depression. Its passage ushered in a unique experiment in US economic
history: under the NIRA, the federal government explicitly supported,
and in some cases enforced, alliances within industries. Antitrust
laws were suspended, and companies were required to agree upon
industry-level “codes of fair competition” that regulated wages
and hours and could implement anti-competitive provisions such as
those fixing prices, establishing production quotas, and imposing
restrictions on new productive capacity. The
NIRA is generally viewed as a monolithic program, its dramatic and
sweeping effects best measurable through a macroeconomic lens. In this
pioneering book, however, Jason E. Taylor examines the act instead
using microeconomic tools, probing the uneven implementation of the
act’s codes and the radical heterogeneity of its impact across
industries and time. Deconstructing the Monolith employs a mixture of
archival and empirical research to enrich our understanding of how the
program affected the behavior and well-being of workers and firms
during the two years NIRA existed as well as in the period immediately
following its demise.
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The Microeconomics of the National Industrial Recovery Act
Produktdetaljer
ISBN
9780226603445
Publisert
2019
Utgave
1. utgave
Utgiver
Vendor
University of Chicago Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter