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The National Industrial Recovery Act (NIRA) was enacted by Congress in June of 1933 to assist the nation's recovery during the Great Depression. Its passage ushered in a unique experiment in US economic history: under the NIRA, the federal government explicitly supported, and in some cases enforced, alliances within industries. Antitrust laws were suspended, and companies were required to agree upon industry-level "codes of fair competition" that regulated wages and hours and could implement anti-competitive provisions such as those fixing prices, establishing production "as, and imposing restrictions on new productive capacity. The NIRA is generally viewed as a monolithic program, its dramatic and sweeping effects best measurable through a macroeconomic lens. In this pioneering book, however, Jason E. Taylor examines the act instead using microeconomic tools, probing the uneven implementation of the act's codes and the radical heterogeneity of its impact across industries and time. Deconstructing the Monolith employs a mixture of archival and empirical research to enrich our understanding of how the program affected the behavior and well-being of workers and firms during the two years NIRA existed as well as in the period immediately following its demise.

Industrial policy --- New Deal, 1933-1939. --- United States. --- United States --- Economic conditions --- Economic policy. --- Great Depression. --- National Industrial Recovery Act. --- New Deal. --- cartels. --- wage policy.

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Wage-price policy --- 332.27 --- 339.21 --- GB / United Kingdom - Verenigd Koninkrijk - Royaume Uni --- Incomes policy --- Jawboning --- Price-wage policy --- Wage-price controls --- Wage-price guidelines --- Anti-inflationary policies --- Economic policy --- Loonpolitiek --- Ongelijkheid en herverdeling van vermogens en inkomens. Inkomensbeleid

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This paper presents a selective overview of the literature on modeling labor market policies in developing countries. It considers welfare economics, theoretical models, and empirical evidence to highlight the three general features needed in future research on labor market policy in developing countries. The author identifies desirable research components (welfare economics, theoretical modeling, and empirical modeling) and pitfalls in the literature (inappropriate use of productivity, reliance on wrong kinds of empirical studies, lack of cost-benefit analysis, attention to only a subset of the goods and bads, and fallacy of composition). The paper concludes with suggested topics and methods for future research. The author states that sound labor market policy requires sound labor market models. The paper makes a case for developing policy based on explicit evaluation criteria, specific theoretical models, and comprehensive empirical evidence.

Earning --- Informal Sector --- Labor economics --- Labor Market --- Labor Market Policies --- Labor Market Policy --- Labor Markets --- Labor Policies --- Macroeconomics and Economic Growth --- Markets and Market Access --- Minimum Wage --- Social Protections and Labor --- Sound labor market policy --- Wage Policy

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336.748.12 --- 331.5 --- Wage-price policy --- -Wage-price policy --- -Incomes policy --- Jawboning --- Price-wage policy --- Wage-price controls --- Wage-price guidelines --- Anti-inflationary policies --- Economic policy --- Algemeen prijsniveau. Prijsindex. Prijsstijging --- Arbeidsmarkt. Werkgelegenheid --(algemeen) --- -Algemeen prijsniveau. Prijsindex. Prijsstijging --- 331.5 Arbeidsmarkt. Werkgelegenheid --(algemeen) --- 336.748.12 Algemeen prijsniveau. Prijsindex. Prijsstijging --- -336.748.12 Algemeen prijsniveau. Prijsindex. Prijsstijging --- Incomes policy

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This is a history of America's use of wage and price controls from colonial times to Richard Nixon's experiment with controls in the 1970s. It explores the impact of controls on prices and productivity, side-effects such as the growth of black markets and the expansion of government, and the relationship between controls and monetary policy. The central conclusion is that, contrary to the conventional wisdom, there are situations where the net effect of controls can be positive. In particular, temporary controls may reduce the unemployment and lost output usually associated with disinflation.

Wage-price policy --- 331.14 --- 332.27 --- 380.3 --- US / United States of America - USA - Verenigde Staten - Etats Unis --- Incomes policy --- Jawboning --- Price-wage policy --- Wage-price controls --- Wage-price guidelines --- Anti-inflationary policies --- Economic policy --- History --- Geschiedenis van de prijzen, de lonen en de verdeling van de rijkdom --- Loonpolitiek --- Prijsbeleid --- Arts and Humanities --- History.