| 000 -LEADER |
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| fixed length control field |
01350nam a22001457a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
210818b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Hausman, Joshua K. |
| 245 ## - TITLE STATEMENT |
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| Title |
Planning on the Potomac: A review essay on Jason e. Taylor’s deconstructing the monolith: The microeconomics of the national industrial recovery act |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
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| Place of publication, distribution, etc |
Journal of Economic Literature |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
59(1), Mar, 2021: p.244-264 |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc |
Taylor (2019) details heterogeneity in the effects of the National Industrial Recovery Act (NIRA) across industries and across time. Through first the President's Reemployment Act (PRA) and then industry-specific "codes of fair competition," the NIRA raised wages and restricted working hours. In some—but far from all—cases industries also used a NIRA code to collude, raising prices and restricting output. The effect of the NIRA peaked in fall 1933 and winter 1934; thereafter, compliance declined. I review the intellectual history of the NIRA, the implementation of the PRA and the NIRA codes, and Taylor's econometric evidence on their effects. I end with a discussion of the implications of Taylor's book for understanding the effect of the NIRA on US recovery from the Great Depression.- Reproduced
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| 773 ## - HOST ITEM ENTRY |
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| Main entry heading |
Journal of Economic Literature |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) |
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| Subject DIP |
INDUSTRIAL DEVELOPMENT |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
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| Item type |
Articles |
