Employment, Politics, and Economic Recovery during the Great Depression
利用1930年代美国各州年度就业数据,发现新政支出虽受政治目标驱动,但应对失业需求也是重要决定因素。
In earlier studies, economic historians found that political goals, rather than social or humanitarian objectives, motivated much of New Deal spending. Using new information on annual, state level employment for the 1930s, this paper shows that, while politics are still important, responding to the needs of the unemployed was an important determinant of New Deal spending.