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Out of Work: Unemployment and Government in Twentieth-Century America
Out of Work offers devastating evidence that the major cause of unemployment in the United States is the government itself. This updated and expanded edition forces us to redefine the way we think about one of the most explosive issues of our time.
408 pages, Paperback
First published February 1, 1992
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Displaying 1 - 1 of 1 review
November 13, 2013
Interesting Quote:
"[T]he failure of money wages to fall in the downturn beginning in the fall of 1929 was largely a consequence of public-policy intervention by President Hoover and his political allies. As a consequence of this intervention, real wages rose rather than fell, and unemployment increased to previously unattained levels. The Great Depression was not a tragic example of market failure as is conventionally believed, but rather was an example of government failure."
-Richard Vedder and Lowell Gallaway, Out of Work: Unemployment and Government in Twentieth-Century America
"[T]he failure of money wages to fall in the downturn beginning in the fall of 1929 was largely a consequence of public-policy intervention by President Hoover and his political allies. As a consequence of this intervention, real wages rose rather than fell, and unemployment increased to previously unattained levels. The Great Depression was not a tragic example of market failure as is conventionally believed, but rather was an example of government failure."
-Richard Vedder and Lowell Gallaway, Out of Work: Unemployment and Government in Twentieth-Century America
Displaying 1 - 1 of 1 review