Regulatory Change in an Atmosphere of Crisis

Regulatory Change in an Atmosphere of Crisis: Current Implications of the Roosevelt Years is a collection of papers presented at a conference on Regulatory Change in an Atmosphere of Crisis: The Current-Day Implications of the Roosevelt Years, held in April 1978, at Washington State University. The book presents the findings on several of the major economic reforms of the Roosevelt years and assesses their implications. The text discusses a variety of issues of the period such as the short term measures implemented during the crisis of the 1930s; the Roosevelt New Deal and its consequences; banking reforms in the 1930s; and the social welfare programs that originated in the Roosevelt years. Historians, economists, financial experts, and students will find the book a great source of insight and information.

Contents List of contributors Preface Chapter 1 Monetary Crises and Government Reliance in Modern Times The Great Crisis of the 1930s Permitting the Great Crisis The Mandate for Security Today's Monetary Crisis Wage and Price Controls: A Political Diversion Today's Monetary Crisis and the Tax Revolt Conclusion References Chapter 2 The Economic Constitution and the New Deal: Lessons for Late Learners Constitutional Failure What Might Have Been What Was What Is Implications for Reform References Discussion Chapter 3 Roots of Regulation: The New Deal The Entrepreneurial Government Firm Subsidies and Expenditures Federal Establishment of Unions Agency Nonmarket Controls Social Insurance Conclusions References Discussion Chapter 4 The Robinson-Patman Act: A New Deal for Small Business Robinson-Patman as New Deal Legislation Robinson-Patman Act as Precursor of Regulatory Reform Economic Analysis and Price Discrimination Policy A Time for Change References Discussion Chapter 5 Banking Reform in the 1930s Introduction The 1933-1935 Reforms Statistical Behavior of the Money Stock 1919-1976 The Last Twenty Years-The 1933-1935 Reforms in Perspective Conclusions References Discussion Changes for Commercial and Savings Banks Changes with Respect to the Federal Reserve System Summary References Chapter 6 On Understanding the Birth and Evolution of the Securities and Exchange Commission: Where Are We in the Theory of Regulation? Introduction Theories of Economic Regulation The Birth of the SEC and the Explanatory Power of Alternative Theories of Regulation Recent Regulatory Reform by the SEC and the Explanatory Power of Alternative Theories of Regulation Conclusion