Search results for "Postwar Reconstruction"
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ALBERT O. HIRSCHMAN AT THE FEDERAL RESERVE, 1946–1952
2022
This essay introduces the work conducted by Albert O. Hirschman at the Federal Reserva Bank. His main areas of interest, on which he produce original research, were European postwar reconstruction and integration; country studies (Italy and France, particularly), alternative modes of economic development; the role of the US in assisting reconstruction and development.
The shaping of public economic discourse in postwar America: the 1947 meat shortage and Franco Modigliani's meat plan
2015
This paper discusses the American debate over price controls and economic stabilization after World War II, when the transition from a war economy to a peace economy was characterized by bottlenecks in the productive system and shortages of food and other basic consumer goods, directly affecting the living standard of the population, the public opinion, and political discourse. Specifically, we will focus on the economist Franco Modigliani and his proposal for a "Plan to meet the problem of rising meat and other food prices without bureaucratic controls." The plan prepared by Modigliani in October 1947 was based on a system of taxes and subsidies to foster a proper distribution of disposabl…
The 1947 Meat Shortage and Modigliani’s Meat Plan: The Shaping of Public Economic Discourse in Postwar America
2010
This paper aims to assess Modigliani’s contribution to the American post war debate over price controls and economic stabilization. We will focus on his unpublished “Plan for meeting the domestic meat shortage without price control and rationing”. Elaborated by Modigliani in the Summer of 1947 the plan was designed to cope with meat shortage arising from crop failures aggravated by the implementation of the European Recovery Program. It was based on a system of taxes and subsidies aiming to realize a proper distribution of disposable income and to warrant a minimum meat consumption without encroaching market mechanisms and consumers’ freedom. In the paper we will describe the contents of th…
The postwar economic order. National reconstruction and international cooperation
2022
Albert O. Hirschman wrote the reports collected in this book while in the employ of the Board of Governors of the Federal Reserve System. Almost all of them appeared in the Review of Foreign Developments, which ran from 1945 to 1975. The reports, which were usually marked “Confidential” or “Restricted,” are now in the public domain but remain the intellectual creations of Hirschman.*