{"product_id":"false-dawn-the-new-deal-and-the-promise-of-recovery-1933-1947-9780226832937","title":"False Dawn: The New Deal and the Promise of Recovery, 1933-1947","description":"\u003cp\u003e\u003cb\u003eA definitive history of the United States' recovery from the Great Depression--and the New Deal's true part in it.\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e FDR's New Deal has long enjoyed a special place in American history and policy--both because it redefined the government's fundamental responsibilities and because Roosevelt's \"bold experimentation\" represented a type of policymaking many would like to see repeated. \u003c\/p\u003e\u003cp\u003e But \"the thing about bold experiments,\" economist George Selgin reminds us, \"is that they often fail.\" In \u003ci\u003eFalse Dawn\u003c\/i\u003e Selgin draws on both contemporary sources and numerous studies by economic historians to show that, although steps taken during the Roosevelt administration's first days raised hopes of a speedy recovery from the Great Depression, instead of fulfilling those hopes, subsequent New Deal policies proved so counterproductive that over seventeen percent of American workers--more than the peak unemployment rate during the COVID-19 crisis--were still either unemployed or on work relief six years later. \u003c\/p\u003e\u003cp\u003e By distinguishing the New Deal's successes from its failures, and explaining how the U.S. finally managed to lay the specter of mass unemployment to rest, Selgin draws salient lessons for dealing with future recessions. \u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eGeorge Selgin \u003c\/b\u003eis professor emeritus of economics at the University of Georgia and a senior fellow and director emeritus of the Cato Institute's Center for Monetary and Financial Alternatives. His writings have appeared in the \u003ci\u003eEconomic Journal\u003c\/i\u003e, \u003ci\u003eFinancial Times\u003c\/i\u003e, and the \u003ci\u003eWall Street Journal\u003c\/i\u003e. His most recent book is \u003ci\u003eThe Menace of Fiscal QE.\u003c\/i\u003e\u003cbr\u003e","brand":"University of Chicago Press","offers":[{"title":"Default Title","offer_id":51201591050514,"sku":"9780226832937","price":34.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_f6975a13-da9b-4c2c-a597-065f0f10f243.jpg?v=1744916844","url":"https:\/\/surprise-castle.myshopify.com\/products\/false-dawn-the-new-deal-and-the-promise-of-recovery-1933-1947-9780226832937","provider":"Surprise Castle","version":"1.0","type":"link"}