The New Deal and the Problem of Monopoly : A Study in Economic Ambivalence

A re-issue of this classic study of President Roosevelt's adminstrative policy toward monopoly during the period of the New Deal, updated with a new introduction by the author.

During the New Deal and since, both liberals and conservatives have cited the Roosevelt administration's policy toward monopoly as an example of illogical consistency....This superb book...makes clear that the inconsistency was the result of political tugging and hauling rather than the president's muddy thinking...Thoroughly researched, clearly written, sharply thought out and focused, this book is a major contribution to the history of economic thought"." -- 'The Journal of American History'

Booknews

A reissue of a classic study of Franklin D. Roosevelt's administrative policy toward monopoly during the New Deal. Both liberal and conservative observers since then have cited the policy as an example of illogic and inconsistency. Hawley shows that the inconsistency was the result of political tugging rather than muddy thinking by the president. He traces the patterns of conflict and compromise among the schools of thought that desired a rationalized, government-sponsored business commonwealth, those that hoped to restore and preserve a competitive system, and those that envisioned a form of democratic collectivism in which the monopoly power of businesses would be transferred to the state. First published in 1966 by Princeton U. Press; new introduction. Annotation c. Book News, Inc., Portland, OR (booknews.com)