From central planning to the market: The American transition, 1945-1947
成果类型：
Article
署名作者：
Higgs, R
刊物名称：
JOURNAL OF ECONOMIC HISTORY
ISSN/ISSBN：
0022-0507
DOI：
10.1017/S0022050700023500
发表日期：
1999
页码：
600-623
关键词：
摘要：
The orthodox view of U.S. reconversion after World War II relies on unacceptable GDP figures for the wartime economy and misinterprets the low level of unemployment during the war. For the postwar transition, the emphasis on consumer demand financed by drawing down liquid assets accumulated during the war is inconsistent with the facts. The success of the transition depended on the reestablishment of regime certainty, which in turn depended on diminishing the influence of the more zealous New Dealers. Wartime and postwar political developments created sufficient regime certainty for the postwar market system to generate genuine prosperity.