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Out of Work
Unemployment and Government in Twentieth-Century America Updated Edition
Richard K. Vedder and Lowell E. Gallaway
FOREWORD BY MARTIN BRONFENBRENNER
An Independent Institute Book
NEW YORK UNIVERSITY PRESS
New York and London
Copyright © 1993, 1997 by The Independent Institute
All rights reserved. No part of this book may be reproduced or transmitted in any form or by any electronic or mechanical means now known or to be invented, including photocopying, recording, and information storage and retrieval systems, without permission in writing from the publisher, except by a reviewer who may quote brief passages in a review.
Library of Congress Cataloging-in-Publication Data
Vedder, Richard K.
Out of work: unemployment and government in twentieth-century America / Richard K. Vedder and Lowell E. Gallaway; with a foreword
by Martin Bronfenbrenner. — Updated ed.
p. cm.
“An Independent Institute book.”
Includes bibliographical references and index.
ISBN 0-8147-8792-4 (alk. paper)
1. Unemployment—United States—History—20th century.
2. Employment (Economic theory) 3. United States—Economic conditions. I. Gallaway, Lowell E. (Lowell Eugene), 1930–
II. Title.
HD7096.U5V43 1997
331.13′7973′0904—dc21 97-12516
CIP
New York University Press books are printed on acid-free paper,
and their binding materials are chosen for strength and durability.
Manufactured in the United States of America
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The Independent Institute is a nonprofit, non-partisan, scholarly research and educational organization that sponsors comprehensive studies on the political economy of critical social and economic problems.
The politicization of decision making in society has largely confined public debate to the narrow reconsideration of existing policies. Given the prevailing influence of partisan interests, little social innovation has occurred. In order to understand both the nature of and possible solutions to major public issues, the Independent Institute’s program adheres to the highest standards of independent inquiry and is pursued regardless of prevailing political or social biases and conventions. The resulting studies are widely distributed as
