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Although a common institutional arrangement, self-regulation as an alternative to direct government regulation has received relatively little attention from economists. This paper uses a framework inspired by property rights theory to analyze the allocation of regulatory authority. In a model of...
Persistent link: https://www.econbiz.de/10005823502
Harry S Truman is best remembered as the President who witnessed the swift arrival of the Cold War in the tumultuous years after World War Two. Little however has been written to show that he was also the populist President who set the political economic course for the United States to win it...
Persistent link: https://www.econbiz.de/10011156376
Harry S. Truman was very busy during his first days in the White House. In 1946 it seemed that the Communist menace was everywhere. The Soviets were threatening Turkey and Greece. Moreover, they loomed over a devastated Eastern and Western Europe. In Asia, Communism in China was flexing its...
Persistent link: https://www.econbiz.de/10011206328
Every day, the change in the President became more obvious. Ironically, it had been the sweeping Republican triumph in the congressional elections that had given Harry Truman a new lease on life. At last, he was free from the shadow of Franklin Roosevelt. Charlie Ross told White House reporters,...
Persistent link: https://www.econbiz.de/10011206343
Harry S. Truman was a product of a frontier city with deep roots in an agrarian culture. To be exact, he came out of what was also then the frontier of the United States. Both had a lot to do with growing up to be a populist. Soon, Harry would encounter three presidential hopefuls who happened...
Persistent link: https://www.econbiz.de/10011206350
In springtime 1948, the President was in good high humor, cheerful, chipper, but also very busy. Among new appointments he named Perle Mesta to be the new minister to Luxembourg, an appointment of no great importance but remembered fondly because it inspired a hit Broadway musical, Call Me...
Persistent link: https://www.econbiz.de/10011206362
Mr Truman went to Washington in the midst of the Great Depression. In May 1934 he filed as a Democratic candidate for the Senate. On August 7 he defeated incumbent Republican Roscoe C. Patterson. On January 3, 1935 Truman was sworn in as a US Senator along with 12 other Democrats. By the...
Persistent link: https://www.econbiz.de/10011206403
Much was going on during the Campaign of 1948, including the laying of the groundwork for what would be called “The Marshall Plan.” Next, we focus on the forces that led to the Plan as well as re-visiting a famous speech. As already noted, Secretary of State George C. Marshall (1880–1959)...
Persistent link: https://www.econbiz.de/10011206424
We have arrived at the edge of Harry S. Truman, politician. But he was no ordinary politician. Already, we have inferred how populism was in the background. In the Introduction, we briefly defined what we mean by Progressive Populism. There nonetheless is a gap to be filled. We need to...
Persistent link: https://www.econbiz.de/10011206439
Many years ago I had my first encounter with Harry S. Truman. It was the summer of 1964. I was writing my Master's thesis in economics, which covered the President's Council of Economic Advisers (CEA) under President Truman, as well as under other Presidents. On a whim, I decided to visit the...
Persistent link: https://www.econbiz.de/10011206538