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Lamoreaux, N. The Changing Economic Order: American Economic History Since 1877
Spring, 1995 Prof. N. Lamoreaux History 184B: The Changing Economic Order: American Economic History Since 1877 Week 1 Jan. 25--Introduction Jan. 27--The American State and Its Role in the Economy Week 2 Jan. 30--The Pace and Pattern of Economic Growth and Technical Change Feb. 01--The Tragedy of the Postbellum South Reading: Robert Higgs, Competition and Coercion: Blacks in the American Economy, 1865-1914, pp. 37-61, 153-59.b Joseph D. Reid, Jr., "Sharecropping As An Understandable Market Response: The Post-Bellum South," Journal of Economic History, 33 (March 1973), pp. 106-30.b Roger L. Ranson and Richard Sutch, "The Ex-Slave in the Post- Bellum South: A Study of the Economic Impact of Racism in a Market Environment," Journal of Economic History, 33 (March 1973), pp. 131-48.b Roger L. Ransom and Richard Sutch, "Debt Peonage in the Cotton South After the Civil War," Journal of Economic History, 32 (Sept. 1972), pp. 641-69.b Gavin Wright, Old South, New South: Revolutions in the Southern Economy Since the Civil War, pp. 81-123.b Week 3 Feb. 06--Financial Institutions and Markets Feb. 08--Alternative Views of the Rise of Big Business Reading: Alfred D. Chandler, Jr., The Visible Hand: The Managerial Revolution in American Business, pp. 1-314.a Week 4 Feb. 13--The Puzzle of Farm Discontent Feb. 15--The Labor Problem Reading: Lawrence Goodwyn, The Populist Moment: A Short History of the Agrarian Revolt in America.a Week 5 Feb. 20--Holiday, No Class Feb. 22--The Crisis of the 1890s First paper due Friday, Feb. 24 at 4:00 PM. Week 6 Feb. 27--Regulation: Why and For Whom? Mar. 01--The Antitrust Paradox Reading: Thomas McCraw, Prophets of Regulation: Charles Francis Adams, Louis D. Brandeis, James M. Landis, and Alfred E. Kahn, pp. 1- 152.a Gabriel Kolko, The Triumph of Conservatism: A Reinterpretation of American History, 1900-1916, pp. 26-56.b Week 7 Mar. 06--World War I and Hooverian Associationism Mar. 08--The Dual Economy Reading: Olivier Zunz, Making America Corporate, 1870-1920.a William Lazonick, Competitive Advantage on the Shop Floor, pp. 213-251.b Week 8 Mar. 13--The Federal Reserve System and the Financial Markets Mar. 15--Causes of the Great Depression Reading: Peter Temin, Lessons from the Great Depression.a Michael A. Bernstein, "Why the Great Depression Was Great: Toward a New Understanding of the Interwar Economic Crisis in the United States," in The Rise and Fall of the New Deal Order, 1930-1980, ed. Steve Fraser and Gary Gerstle, pp. 32-54.b Week 9 Mar. 20--Hoover and FDR Mar. 22--Redistribution and Reform Second paper due Friday, March 24 at 4:00 PM. Spring Vacation Week 10 Apr. 03--Fiscal and Monetary Policy and the End of the Great Depression Apr. 05--The Command Economy of World War II Reading: Christopher L. Tomlins, The State and the Unions: Labor Relations, Law, and the Organized Labor Movement in America, 1880-1960.a Week 11 Apr. 10-- Conservative Keynesianism Apr. 12--The Great Society and the Viet Nam Debacle Reading: Allen J. Matusow, The Unraveling of America: A History of Liberalism in the 1960s, pp. 3-271.a McCraw, Prophets of Regulation, pp. 210-309.a Week 12 Apr. 17--The Reagan Revolution Apr. 19--The Competitiveness Issue Reading: David C. Mowery and Nathan Rosenberg, Technology and the Pursuit of Economic Growth.a Week 13 Apr. 24--The Market for Corporate Control Apr. 26--Policy Dilemmas for the 1990s Reading: Alfred D. Chandler, Jr., "The Competitive Performance of U.S. Industrial Enterprises since the Second World War," Business History Review, 68 (Spring 1994), pp. 1-72.b Bronwyn H. Hall, "Corporate Restructuring and Investment Horizons in the United States, 1976-1987," Business History Review, 68 (Spring 1994), pp. 110-43.b Harvey H. Segal, Corporate Makeover: How American Business is Reshaping for the Future, pp. 1-21 and 121-59.b Michael C. Jensen, "Eclipse of the Public Corporation," Harvard Business Review, 67 (Sept.-Oct. 1989), pp. 61-74.b Third Paper Due Friday, May 5 at 4:00 PM. Course Requirements: Participation in discussion sections. Three synthetic essays (approximately 8-10 pages in length) on questions to be given out in advance. Essays are due on the dates noted above. Grade penalties will be assessed on late papers. Grading: In general, each essay will count for 30 percent of the course grade and participation in class discussions for the remaining 10 percent, but we will adjust grades to reflect significant improvement over the course of the semester. Students must write all three papers to pass the course. Offices and hours: Prof. Lamoreaux 205 Sharpe House x 2828 Mon 3:00-4:30 PM Wed 3:00-4:30 PM(or by appointment) TA offices and hours will be announced in class. Notes: a Available at the Brown Bookstore. Also on reserve at the Rockefeller Library. b In a course packet available at the Brown Bookstore. Also on reserve at the Rockefeller Library.