The economic policy of Roosevelt's New Deal stays in sharp contrast to the course followed by European policy since 2009. At first, Roosevelt focussed on fighting the desperate feelings of people and the generally pessimistic mood of the public, on strictly regulating the financial sector and on...

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...

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...

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...

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,...