As the Great Depression dragged on without a recovery, Americans were avid for anything that would help them to understand its causes and possible solutions. During this period, orthodox ecomists were largely discredited, both in the White House and among the public. Three of the most popular and influential figures of the period-Edward A. Rumely, Stuart Chase, and David Cushman Coyle-were t trained in ecomics. In Peddling Panaceas, Gary Dean Best analyzes their remedies for the Depression, their proposals for permanent ecomic reform, and their infl uence on the New Deal. Each of these men represented one of the three principal ecomic factions within the New Deal. The inflationists within the New Deal found support from the Committee for the Nation, which was largely the creation of Edward Rumely, a physician-turned-educator-turned-businessman-turned newspaper publisher-turned-amateur ecomist. Rumely's committee was influential in the early New Deal. The planners within the New Deal were represented in popular magazines and books by Stuart Chase, who was an engineer and accountant before he began to expound on ecomics.
Gary Dean Best retired after thirty years of teaching history in the University of Hawaii system. He is the author of fifteen books and numerous essays for books and scholarly journals, including Harold Laski and American Liberalism published by Transaction.