Labor, Industry, and Regulation during the Progressive Era (New Political Economy)

Saros, Daniel E.

ISBN 10: 0415996791 / ISBN 13: 9780415996792

Published by Routledge, 2009

About this Item

Seller Inventory # I-9780415996792

Bibliographic Details

• Title: Labor, Industry, and Regulation during the Progressive Era (New Political Economy)
• Publisher: Routledge
• Publication Date: 2009
• Language: English
• ISBN 10: 0415996791
• ISBN 13: 9780415996792
• Binding: Hardcover
• Condition: New

About this title

Synopsis

The Progressive Era was among the most volatile times for the economy and labor in American History. Daniel E. Saros explores the institutional and economic conditions of this time, revealing new insight into the regulated nature of industry and the conditions of labor. Using the steel industry as a case study, Saros demonstrates how the United States Steel Corporation enhanced the performance of the steel industry by initiating a price and wage stabilization program. In an effort to combat potential threats from the federal government, the American public, and organized labor to the market stabilization program and mechanization drive, the steel companies introduced a paternalistic welfare program, company unions, and limited hours reform. Saros also contrasts this time with free market periods, examining the impacts on rates of profit, output growth, and capital accumulation.

About the Author

Daniel E. Saros is Assistant Professor of Economics at Valparaiso University.