333:, among others. Krugman wrote of "a whole intellectual industry, mainly operating out of right-wing think tanks, devoted to propagating the idea that FDR actually made the Depression worse.... But the definitive study of fiscal policy in the 1930s, by the MIT economist E. Cary Brown, reached a very different conclusion: Fiscal stimulus was unsuccessful 'not because it does not work, but because it was not tried'." Krugman is among a number of reviewers who criticized Shlaes for "misleading statistics"—specifically the use of a series for employment during the 1930s that omitted those working in public works programs.
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The book begins with an anecdote of the 1937 recession, eight years after the
Depression began, when Roosevelt adopted budget-balancing policies indistinguishable from the stereotype of what Hoover supposedly did. Shlaes presents her arguments in part by telling stories of self-starters who showed
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project as a real job was to mask the anxiety of one who really didn't have regular work with long-term prospects". Shlaes said that if the Obama administration "proposes F.D.R.-style recovery programs, then it is useful to establish whether those original programs actually brought recovery. The
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as "born-again
Antisocial Darwinism" and calls it "as much a brief for the Bush tax cuts of 2001 as it is a history of the Depression of the 1930s"; historian Matthew Dallek, who has called Amity Shlaes a "revisionist" with a "blind view of the New Deal"; historian
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called it the "economic fight of the year." After analyzing both Shlaes' view and
Krugman's criticism, she concluded that "the new president needs to listen to many voices."
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who wrote, "intellectual coherence is not the purpose of Shlaes's project. The real point is to recreate the political mythology of the period."
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has called Shlaes one of the
Republican Party's major assets. Amity Shlaes's book on the failure of the New Deal to revive the economy,
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waved a copy of the book and announced, "In these economic times, a number of members of the Senate are reading a book called
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series she had used "intentionally did not include temporary jobs in emergency programs—because to count a short-term,
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to spend a century or two reconciling their positions to arrive at a clear view of the Great
Depression, this would be it.".
291:, was widely read by Republicans in Washington. In February 2009 during the Senate confirmation hearing for Energy Secretary
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pursued erratic policies that froze investment and failed to take the steps needed to stop the
Depression, and that the
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with Shlaes at the
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extended the length of the
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as exacerbating the
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of
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what the free market could have accomplished without the New Deal.
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The book argues that members of FDR's "Brain Trust", including
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The Forgotten Man: A New History of the Great Depression
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in 2007. The book is a re-analysis of the events of the
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The Forgotten Man: A New History of the Great Depression
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and its key arguments have been criticized by liberal
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FDR's Latest Critics. Was the New Deal un-American?
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583:The Economic Fight Of The Year
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625:. Politico. 13 February 2009.
447:. Mises Institute. 2009-08-31
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605:. Labor History. May 2009.
585:. Forbes. 3 December 2008.
344:Bureau of Labor Statistics
210:1940 presidential election
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351:answer is, they didn't."
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581:Furchtgott-Roth, Diana.
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614:Dallek, Matthew.
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208:before the
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277:Mike Pence
487:"Reviews"
360:, former
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
