John R Commons

Download or read book Myself written by John Rogers Commons and published by Pickle Partners Publishing. This book was released on 2018-12-12 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: John R. Commons (1862-1945) was one of the most significant figures in the development of American economics, both owing to his economic thought and his impact on practical affairs. He began as an avid follower of the Social Gospel, committed to a program of economic and political reform, and later in his career he became the foremost authority on American labor unions. One of the founders of the Institutional school, Commons developed theories of the evolution of capitalism and of institutional change which continue to influence modern economics. The present volume, which was first published in 1934, is his autobiography. In it, Commons classifies himself as both a pragmatist and a Progressive. He collaborated closely with Wisconsin’s governor and U.S. senator Robert La Follette, Sr., until 1917, when he opposed La Follette’s anti-war position. He drafted innovative legislation on issues such as civil service reform, worker’s compensation, and utility regulation. He championed improved safety standards and unemployment benefits for workers, believing that financial support for them should come from corporations. He also advocated government mediation among industry, labor, and other competing interest groups. In the 1920s, Commons’ legislative initiatives on social welfare and federal economic coordination anticipated New Deal legislation. Commons also exerted long- term influence through his students, many of whom went on to occupy key academic, research, and policy positions. Today, he is remembered chiefly as the founder of modern American labor history.