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Article ID: CBB580403432

Comment on William J. Novak: Institutional Economics and the Progressive Movement for the Social Control of American Business (Winter 2019)

Business History Review
Volume: 93
Issue: 4
Pages: 697-699

DOI: 10.1017/S0007680519001272

URI: https://www.cambridge.org/core/journals/business-history-review/article/comment-on-william-j-novak-institutional-economics-and-the-progressive-movement-for-the-social-control-of-american-business/37623C9E7001B9A93883E3FA88DD671D

Publication Date: Winter 2019
Edition Details: Special Issue: New Perspectives in Regulatory History
Language: English

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Social responsibility Business history Regulation Commentaries Progressive Era (1890s-1920s) 20th century

William J. Novak's engaging historiography is at once a recovery project and a prolegomenon to a revised history of political economy. His article chronicles the achievements of Progressive Era institutional economists and critiques the way they have been obscured by the shadow of the Chicago School of economics. Why do the Progressives deserve to be recovered and remembered? According to Novak, it is because they “underwrote one of the more fundamental governmental revolutions in modern times” and created the foundations for the “social control of business” (pp. 676, 672).

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Associated with

Article William J. Novak (Winter 2019) Institutional Economics and the Progressive Movement for the Social Control of American Business. Business History Review (pp. 665-696). unapi

Article Laura Phillips Sawyer; Herbert Hovenkamp (Winter 2019) New Perspectives in Regulatory History. Business History Review (pp. 659-664). unapi

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