... theory of market failure in which depression stemmed from the failure of the financial machine to translate saving into investment. The article explores how these two views of market failure came together in the proceedings of the Temporary National Economic Committee, arguing that the ideas about...

... . Temporary National Economic Committee, monograph no. 22. Washington, D.C.: GPO. Lubin, Isador. 1929a . The Absorption of the Unemployed by American Industry . Brookings Institution Pamphlet Series, vol. 1 , no. 3 . Washington, D.C.: Brookings Institution. ____. 1929b . Measuring the Labor...

... re- spects. Even his earlier doubts about some of its details-such as the validity of the formulation of the multiplier-faded away.49This was clear in his testimony before the Temporary National Economic Committee in 1939 when he and Currie set out to educate Congress and the public...

... .” 1935 . Los Angeles Times . April 14 . US Congress . 1936 . House. Committee on Labor . Investigation of Unemployment Caused by Labor-Saving Devices in Industry . Hearings. 74 Cong. 2 sess . February 13 – March 2 : 79 – 82 . US Congress . 1941 . Temporary National Economic...

... -621. ____. 1941b . On Dating Mr. Justice Holmes. University of Chicago Law Review 9 (December): 1 -29. ____. 1941c . Patents and Free Enterprise . Temporary National Economic Committee, Monograph No. 31. Washington, D.C.: Government Printing Office. ____. 1943a . Property Rights...

... Theoretical and Practical Implications of J. M. Keynes' General Theory.” In National Industrial Conference Board, The Economic Doctrines of John Maynard Keynes (New York, 1938 ) p. 15 -27. Currie , Lauchlin “Testimony.” U.S. Cong., 76th Cong., 1st Sess. Temporary National Economic Committee...

... Friedman collection, box 75, folder 5. ____. 1941 . Review of monograph no. 7 of Temporary National Economic Committee, “Measurement of the Social Performance of Business,” by Theodore J. Kreps. American Economic Review 31 (December): 850 -51. ____. 1948 . A Monetary and Fiscal Framework...

... Policy,” Typescript address delivered at the University of Chicago, dated May 1938, in Cur- rie’s possession. Jones Currie and the 1937 recession 3 13 Currie and others acted to include their case in the hearings held by the Temporary National Economic Committee, which...

...). 14. This is apparent in Ezekiel’s presentation to the Temporary National Economic Committee (24 February 1941, Ezekiel Papers, FDRPL). Two years earlier he had not quite reached that point. Though he held expansion in the industrial sector to be essential to agricultural uplift, he...

... of the Temporary National Economic Committee in the book (221). The prospect of war led to a complete transformation in Lippmann’s views. As Goodwin puts it, “With breathtaking speed Lippmann dramatically abandoned the principles of The Great Society under the threat and then the reality of war” (283...

... of the Temporary National Economic Committee in the book (221). The prospect of war led to a complete transformation in Lippmann’s views. As Goodwin puts it, “With breathtaking speed Lippmann dramatically abandoned the principles of The Great Society under the threat and then the reality of war” (283...

... this surprising, as these developments were moves in Lippmann’s desired direction, but it appears that the prospect of war almost completely diverted his attention. There is, for example, only a single very brief mention of the Temporary National Economic Committee in the book (221). The prospect...

....” Yale Law Journal 40 ( June ): 1133 – 87 . ———. 1932 . “The Control of Big Business.” Nation , May 25 , 591 – 93 . ———. 1937 . “The Living Law.” Survey Graphic 26 ( December ): 632 – 35 , 735 . ———. 1941 . Patents and Free Enterprise . Temporary National Economic...

... on how improvements in the American economy might help “advance human welfare,” the foundation’s stated objective. Much of the terminology in the report seemed borrowed from recent govern- ment documents, such as the Employment Act of 1946, the various reports of the Temporary National Economic...

... policy at the hearings of the Temporary National Economic Committee (Currie 1972, 141). The rise of macroeconomic planning was also a function of the development of data on national income and expenditures and the dis- persion of Keynesian ideas. Walter Salant (1986, 11) argued that the General...

...). Fifth, control had not been particularly successful in preserving national treasures (Committee on the Export of Works of Art, Etc., 1952, 18). Finally, control was seen as a refusal to accept the cyclical nature of economic growth. Americans, as the predominant buyers, were only attempting to build...

... variety of departmental and other committees, their influence spread. As Lionel (later Lord) Robbins, the Director of the Economic Section for most of the war period, has revealed in his autobiogra- phy,I9 the dons rapidly gained practical experience, working alongside other temporary...

... the Thinkers Who Revolutionized Economics and Business . Chicago: Agate. Wilcox, Clifford. 2004 . Robert Redfield and the Development of American Anthropology . Lanham, Md.: Lexington Books. Specializing in Interdisciplinarity: The Committee on Social Thought as the University of Chicago’s...

..., the Temporary National Economics Committee-“the final upsurge of clas- sicism” (Galbraith 1987, 243)-attempted to remedy macroeconomic failure through microeconomic reform alone. Keynesian influence only began to be felt from about 1938 onward, when an indigenous Keynesian school acquired a degree...

... to the Colloquium addressed themselves: “When is one economic theory better than another? Are there objective criteria for assessing the cognitive value of theories and what is the status of such criteria? Are there pragmatic temporary criteria? Or are there no articulable criteria at all...