In Depression, War, and Cold War, economic historian and political economist Robert Higgs recasts our view of the relations between the federal government and the economy from the New Deal era to the end of the Cold War, presenting new evidence, new statistical analyses, and new interpretations of familiar data. The result is a strikingly altered panorama of recent U.S. history.
A reading of the distressingly true facts and arguments in these essays raises fundamental questions as to what can be done: how to find and apply the necessary correctives to the popular and scholarly willingness to remain emotionally invested in erroneous explanations, and how to avoid responding to social and economic problems by waging destructive war. This most recent addition to Robert Higg's body of work is an invaluable guide in that further quest.