The National Industrial Recovery Act Redux

About the Book

In this book, recent advances in the field of game theory, specifically in the area of coordination games (theory and policy) are used to reexamine one of the most far-reaching, yet overlooked pieces of legislation in U.S. economic history, namely the National Industrial Recovery Act of 1933. While dismissed by most as misconceived, misguided, and mistaken, not to mention unconstitutional and anti-American, recent findings in the field of macroeconomic coordination open the door to a new interpretation, one that is more in keeping with the original objectives of the Roosevelt administration.

About the Author

Bernard C. Beaudreau is Professor of Economics at Université Laval, Quebec City, Canada. His research interests range from economic theory to economic history, to consilient science.