December 27, 2022

CHANGING MODE OF ECONOMIC SECURITY.PART 4

Prominent figures such as novelist H.G.Wells,economist Thorstein Veblen courted the best governance system ever mooted in the States and it became a serious intellectual movement.Same engineers borrowed classical economics its mathematical tradition to usher in emergence of neoclassicals.With over a million members,in 1934 in California oddly enough had blossomed till date.They contended that price system was outdated and production system based on traditional economic theory antiquated.And the world should beleft in the care of engineers and technology experts,supported rigorous application of engineering principles as necessary solutions to economic security.They detest political right and every logics of political and economic system branded purely of unsound principles. The volunteerism of President Hoover's era was excellently repackaged as social security with the dawn and emergence of Rooseveltian times.Hoover had become a household name after world war 1,distributed tons of food to starving millions.

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