0 Mitchell led the National Bureau of Economic Research, use the collection and processing of statistical data to predict economic fluctuations. The result of the Mitchell in this office has been enlarged reprint of the book "Business Cycles" (1927), considered exemplary research. Mitchell's high reputation not shaken even by his failure to predict the economic situation in 1929, when he was not able to predict the "great crash" American "prosperity." During the "New Deal" Mitchell, already in the 20s to put forward the idea of?? state intervention - banking reform, the use of government spending as a counterweight, a system of unemployment insurance - are actively involved in the government measures for economic recovery. During these years he also prepared for publication a collection of representative works of his teacher "What Veblen taught" (1936) and published a collection of their own articles "Backwardness in art spending money" (1937). Mitchell sought to show that the art of "making money" in modern civilization far ahead of their ability to rationally. Especially waste of money in the household budget, where the nature of the cost is often determined by the desire to outdo the other, subtle ways of spending money are one of the most important ways to assert itself in the community, gain prestige.irrational institutions of the monetary economy, Mitchell still consider it the best of economies. This belief distinguishes his views from sardonic criticism of Veblen and, conversely, is moving closer to the reformist "goodwill" of the third founder of the tradition of American institutionalism - John Richard Commons (1862-1945). p align="justify"> 2
.1 Assessment and the role of teaching Veblen
's work is quite subtle analyzes many aspects of the economic system of the United States of America in the early XX v.Etot period characterized by a shift of economic power in the hands of financial "giants" ;, the manipulation of capital as a key source of augmenting financial capital, a significant separation between ownership and capital funktsii.Vmeste with that Veblen was a supporter of exchange kontseptsii.Istoki social conflicts he sought in the field of financial treatment in proizvodstva.Protivorechiya not in production they were treated as secondary.on the teachings of Veblen's central role in the transformation were to play an engineer, (people coming to power on the basis of knowledge of modern technology). Regarding his views, taking part in the creation of productive forces, the formation of high-performance technology makes technocrats desire for political domination. The conflict between the interests of business and industry and development, engineers implicate hatred finansistam.Hotya "leisure class" to attempt to bribe inzhenerov.Chast engineers, technicians sobenno older person went to the deal, but most of the young professionals did not agree with th...
