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Policy Responses to the Interwar Economic Crisis: Contending Ideas of the Economy

✍ Scribed by Adnan Türegün

Publisher
Palgrave Macmillan
Year
2022
Tongue
English
Leaves
305
Category
Library
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✦ Synopsis

This book is about national economic policy responses to the Great Depression of the interwar period. Taking off from a generally liberal starting point in the 1920s, states diverged greatly in their responses. Some were daring while others remained conservative. The two groups further differed among themselves in both degree and kind. The book gives a certain shape to this messy reality by identifying broad policy patterns (paradigms), and offers an explanation of it which emphasizes the ideational disposition of policy actors while recognizing the context that limits what they can do. More specifically, it argues that the ideas held by rulers and the strategies they consequently developed regarding three major groups of interest – business, labour, and, most critically, agrarians – largely determined economic policy variation across nations.

✦ Table of Contents

Preface
Contents
Abbreviations
List of Figures
List of Tables
Chapter 1: The Interwar Economic Crisis in Comparative Research Perspective
Taking 3Is Seriously and Putting Them in Their Place
Paths of Departure from Classical Liberalism
Limits and Drivers of Economic Policy Choice
The Interwar Critical Juncture and National Structures
Ideas That Matter
Methodological Considerations on Case Selection
References
Chapter 2: Limits of the Possible for Economic Policy Choice
The World-Historical Context
The 1920s: Striving to Restore the Nineteenth-Century Order
The 1930s: The Making of a Transitional (Dis)order
Political Regime Limits
Democracies: Protectionism and Proto-Fordism Versus Neomercantilism
Dictatorships: Protectionism and Neomercantilism Versus Proto-Fordism
Summing Up the Problematic
References
Chapter 3: Protectionism: A Safe Haven or Missed Opportunity?
More Than a British Connection
United Kingdom
Australia
Canada
Expanding the Ideational-Political Space
France
New Zealand
Summing Up
References
Chapter 4: Proto-Fordism: Seizing the Moment Under Democracy
A Curious Convergence
United States
Sweden
The Limits of Political Alignments
Denmark
Norway
Summing Up
References
Chapter 5: Neomercantilism, Mark I, Under Dictatorship with an Agro-Industrial Base
Germany’s Dual Policy Break
Phase I: Weimar Period
Phase II: Nazi Period
The Austrian Contrast
Phase I: Democratic Period
Phase II: Ständestaat Period
Italy
Summing Up
References
Chapter 6: Neomercantilism, Mark II, Under Dictatorship of the Bureaucracy
The Tortuous Route to Socialism in One Country
Turkey: The Advantages of Backwardness
The “European” Balkans in Contrast
Summing Up
References
Chapter 7: Conclusion
References
Index

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