The Economic Thoughts of New Deal Economic Reformers : J. R. Commons A. H. Hansen and R. G. Tugwell

点击翻译按钮获取中文摘要

Since the main purpose of this research was to ascertain the historical significances of economic thoughts of some New Deal reformers such as J. R. Commons, A.H. Hansen and R. G. Tugwell, specific results may be summarized as the following.1. Although Commons was known as one of the three founders of Institutional Economics, he was indeed a real planner of the Welfare State or Social Security, and therefore a representative New Liberalist in America. It is clear that he worked in concert with Legal Realists to offer Law and Economics approach of Institutional Economics.2. The difference between Veblen and Commons in the domain of Evolution was the difference between natural and artificial selection, therefore, Commons attached much importance to the latter realizing the historical necessity of reform movements especially progressive law reform.3. A. H. Hansen has, in popular notion, been Neoclassical until he came to Harvard in 1937. But the letter from E. Witte to Commons showed obviously that Hansen has been a member of Commons' s Friday Niters, which indicated that Hansen has been a New Liberalist even before J.M. Keynes has.4. Planning, one of the catchword in New Deal, must be reconsidered, because the moderate reform idea such as the establishment of National Park and other governmental research work to seek efficient use of national resources were all packed in "Planning" in those days.