I will pass commenting on what Brad wrote about death accounting, hoping
that the thread will die out. With respect to Hoover, he is a mixed bag.
He was a thoroughgoing racist in his work as a mining engineer. He was
reputed to be very efficient in distributing food, with some exceptions,
such as Hungary. From there he became the prime advocate of cartelization
by way of trade associations. One common thread, was that Hoover never
believed that markets and competition worked efficiently.
Michael Perelman wrote:
> Hoover also shipped a hell of a lot of food to Europe in the
> aftermath of World War I--and did an amazing job of organizing the
> relief effort. Up until his presidency, Herbert Hoover was an amazing
> social plus for the world as a whole.
>
--
Michael Perelman
Economics Department
California State University
[EMAIL PROTECTED]
Chico, CA 95929
530-898-5321
fax 530-898-5901
