caa a22 4500 388069708 CHVBK 20180307125144.0 cr unu---uuuuu 161130e199909 xx s 000 0 eng 10.1017/S0022050700023500 doi S0022050700023500 pii (NATIONALLICENCE)cambridge-10.1017/S0022050700023500 Higgs Robert Visiting Scholar, Department of Economics and Finance, Seattle University, and Senior Fellow in Political Economy, The Independent Institute, 714 Laurel Street, Edmonds, WA 98020. E-mail: rhiggs@independent.org. From Central planning to the Market: The American Transition, 1945-1947 [Elektronische Daten] [Robert Higgs] The orthodox view of U.S. reconversion after World War II relies on unacceptable GDP figures for the wartime economy and misinterprets the low level of unemployment during the war. For the postwar transtition, the emphasis on consumer demand financed by drawing down liquid assets accumulated during the war is inconsistent with the facts. The success of the transition depended on the reestablishement of "regime certainty,” which in turn depended on diminishing the influence of the more zealous New Dealers. Wartime and postwar political development created sufficient regime certainty for the postwar market system to generate genuine prosperity. Copyright © The Economic History Association 1999 The Journal of Economic History Cambridge University Press 59/3(1999-09), 600-623 0022-0507 59:3<600 1999 59 JEH https://doi.org/10.1017/S0022050700023500 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1017/S0022050700023500 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Higgs Robert Visiting Scholar, Department of Economics and Finance, Seattle University, and Senior Fellow in Political Economy, The Independent Institute, 714 Laurel Street, Edmonds, WA 98020. E-mail: rhiggs@independent.org NATIONALLICENCE 773 0- The Journal of Economic History Cambridge University Press 59/3(1999-09), 600-623 0022-0507 59:3<600 1999 59 JEH CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge