The Life and Political Economy of Lauchlin Currie


Book Description

Lauchlin Currie's contribution to monetary theory and policies during the New Deal and in the postwar period when he became one of the most important economic advisors to several presidents of Colombia is the subject of this biography. Currie was a major economic advisor to president Franklin D. Roosevelt, and as his administrative assistant from 1939 until the president's death in 1945 helped shape Roosevelt's thinking on economic issues. His involvement in U.S. policymaking in China, where he directed Lend-Lease operations from 1941-1943, was one of the factors leading to his confrontation with Senator Joseph McCarthy. In 1949 he directed the first World Bank mission to Colombia. Roger Sandilands had access to Currie's own papers and to previously unpublished material. In this biography he provides the reader with a critical evaluation of Currie's contribution to the literature on the theory and practice of economic development in general, together with an analysis of how his concepts were shaped during the New Deal and in post-World War II Colombia.




The Political Economy of the World Bank


Book Description

From the Publisher: The Political Economy of the World Bank: The Early Years is a fascinating study of economic history. This text describes perhaps what is the most crucial time for development economics: the birth of the "third world," the creation of development economics as a discipline, and the establishment of the World Bank's leading role in development. Using previously unavailable archival material, Michele Alacevich takes a close look at the years during which the International Bank for Reconstruction and Development-now known as the World Bank- turned its attention from reconstruction to development, having been upstaged by the Marshall Plan. He describes the "Currie Mission" to Colombia (1949-1954), the World Bank's first general survey mission in a developing nation. With the Currie Mission as a starting point and a case study, Alacevich analyzes the complexities of the Bank's first steps toward economic and social development in poorer nations, and helps the reader understand some foundational questions about development that are still of great relevance today. The Political Economy of the World Bank: The Early Years is essential reading for anyone interested in the economic history of international development as a lens for better understanding current development issues.




Sorting Out the Mixed Economy


Book Description

The untold story of how welfare and development programs in the United States and Latin America produced the instruments of their own destruction In the years after 1945, a flood of U.S. advisors swept into Latin America with dreams of building a new economic order and lifting the Third World out of poverty. These businessmen, economists, community workers, and architects went south with the gospel of the New Deal on their lips, but Latin American realities soon revealed unexpected possibilities within the New Deal itself. In Colombia, Latin Americans and U.S. advisors ended up decentralizing the state, privatizing public functions, and launching austere social welfare programs. By the 1960s, they had remade the country’s housing projects, river valleys, and universities. They had also generated new lessons for the United States itself. When the Johnson administration launched the War on Poverty, U.S. social movements, business associations, and government agencies all promised to repatriate the lessons of development, and they did so by multiplying the uses of austerity and for-profit contracting within their own welfare state. A decade later, ascendant right-wing movements seeking to dismantle the midcentury state did not need to reach for entirely new ideas: they redeployed policies already at hand. In this groundbreaking book, Amy Offner brings readers to Colombia and back, showing the entanglement of American societies and the contradictory promises of midcentury statebuilding. The untold story of how the road from the New Deal to the Great Society ran through Latin America, Sorting Out the Mixed Economy also offers a surprising new account of the origins of neoliberalism.




American Power and Policy


Book Description

Uses archival evidence to provide unique insights into US economics, focusing on the origins of the IMF, building a multilateral strategy for the US, the Great Inflation of the 1970s, and on Marriner S. Eccles, Lauchlin Currie, Allyn Young, John H. Williams and Arthur I. Bloomfield.




Treasonable Doubt


Book Description

Armed with a wealth of new information, Craig examines the controversial 1948 allegations that Communist spies had penetrated the American government, and explores the "ambiguities" that have haunted it for more than half a century.




The Fall of the House of Roosevelt


Book Description

In the 1930s a band of smart and able young men, some still in their twenties, helped Franklin D. Roosevelt transform an American nation in crisis. They were the junior officers of the New Deal. Thomas G. Corcoran, Benjamin V. Cohen, William O. Douglas, Abe Fortas, and James Rowe helped FDR build the modern Democratic Party into a progressive coalition whose command over power and ideas during the next three decades seemed politically invincible. This is the first book about this group of Rooseveltians and their linkage to Lyndon Johnson's Great Society and the Vietnam War debacle. Michael Janeway grew up inside this world. His father, Eliot Janeway, business editor of Time and a star writer for Fortune and Life magazines, was part of this circle, strategizing and practicing politics as well as reporting on these men. Drawing on his intimate knowledge of events and previously unavailable private letters and other documents, Janeway crafts a riveting account of the exercise of power during the New Deal and its aftermath. He shows how these men were at the nexus of reform impulses at the electoral level with reform thinking in the social sciences and the law and explains how this potent fusion helped build the contemporary American state. Since that time efforts to reinvent government by "brains trust" have largely failed in the U.S. In the last quarter of the twentieth century American politics ceased to function as a blend of broad coalition building and reform agenda setting, rooted in a consensus of belief in the efficacy of modern government. Can a progressive coalition of ideas and power come together again? The Fall of the House of Roosevelt makes such a prospect both alluring and daunting.




The Political Economy of Transnational Tax Reform


Book Description

This volume of essays explores the history of the US tax mission to Japan during the occupation following World War II. Under General MacArthur, economist Carl S. Shoup led the mission with the charge of framing a tax system for Japan designed to strengthen democracy and accelerate economic recovery. The volume examines the sources, conduct and effects of the mission and situates the mission within the history of international financial and fiscal reform. The book begins by establishing the context of progressive social investigations of taxation, including Shoup's earlier tax missions to France and Cuba. It then goes on to explore the Japanese background to the Shoup mission and the process by which American and Japanese tax experts shaped their recommendations. The book then assesses and explains the mission's accomplishments in the context of the political economies of the United States and Japan. It concludes by analyzing the global implications of the mission, which became iconic among international tax reformers.




Local Space, Global Life


Book Description

This book examines the everyday functioning and impact of international law and the development project, particularly across cities in emergent nations.




The End Of Reform


Book Description

At a time when liberalism is in disarray, this vastly illuminating book locates the origins of its crisis. Those origins, says Alan Brinkley, are paradoxically situated during the second term of Franklin Delano Roosevelt, whose New Deal had made liberalism a fixture of American politics and society. The End of Reform shows how the liberalism of the early New Deal—which set out to repair and, if necessary, restructure America’s economy—gave way to its contemporary counterpart, which is less hostile to corporate capitalism and more solicitous of individual rights. Clearly and dramatically, Brinkley identifies the personalities and events responsible for this transformation while pointing to the broader trends in American society that made the politics of reform increasingly popular. It is both a major reinterpretation of the New Deal and a crucial map of the road to today’s political landscape.




Banking, Monetary Policy and the Political Economy of Financial Regulation


Book Description

The many forces that led to the economic crisis of 2008 were in fact identified, analyzed and warned against for many years before the crisis by economist Jane D�Arista, among others. Now, writing in the tradition of D�Arista's extensive work, the