Offering a powerful interpretation of U.S. political economy from the early-1930s to the end of the Cold War, this resource refutes many popular myths about the Great Depression and New Deal, the World War II economy, and the postwar national-security state that is still so pervasive today. What accounts for the extraordinary duration of the Great Depression? How did the war alter relations between government and leaders of big business? What is Congress’s role in the military-industrial-congressional complex? This book answers these and other crucial questions by presenting new insights and analyses along with statistical evidence that defies mainstream interpretation of economic history.
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Robert Higgs is a senior fellow in political economy at the Independent Institute and the editor of the quarterly journal Independent Review. He is the author of Against Leviathan, Neither Liberty Nor Safety, and The Resugence of the Warfare State, and has taught at the University of Washington, Lafayette College, Seattle University, and the University of Economics in Prague. He lives in Covington, Louisiana.
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