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Economic Evolution and Revolution in Historical Time$
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Economic Evolution and Revolution in Historical Time

Paul W. Rhode, Joshua L. Rosenbloom, and David F. Weiman

Print publication date: 2011

Print ISBN-13: 9780804771856

Published to Stanford Scholarship Online: June 2013

DOI: 10.11126/stanford/9780804771856.001.0001

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PRINTED FROM STANFORD SCHOLARSHIP ONLINE (www.stanford.universitypressscholarship.com). (c) Copyright Stanford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in SSO for personal use.date: 30 March 2020

The Political Economy of Progress: Lessons from the Causes and Consequences of the New Deal

The Political Economy of Progress: Lessons from the Causes and Consequences of the New Deal

Chapter:
(p.311) Chapter 12 The Political Economy of Progress: Lessons from the Causes and Consequences of the New Deal
Source:
Economic Evolution and Revolution in Historical Time
Author(s):

Robert K. Fleck

Publisher:
Stanford University Press
DOI:10.11126/stanford/9780804771856.003.0012

This chapter elaborates on the mutual interaction between labor markets and the broader economy, focusing on the causes and consequences of the New Deal and its place in the transformation of the Old South into the New South. It first reviews the economic explanation of New Deal policy decisions, and then examines institutions as exogenous determinants of New Deal policies and explains how and why southern institutions evolve.

Keywords:   labor markets, New Deal, Old South, New South, southern institutions

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