From New Era to New Deal: Herbert Hoover, the Economists, and American Economic Policy, 1921-1933In popular imagery, Herbert Hoover is often stereotyped as a 'do nothing' president who offered only nineteenth century slogans for the greatest economic catastrophe in twentieth century American history. Nothing could be further from the truth. This study examines the properties of an innovative approach to economic growth and stability formulated by Hoover and his associates during his years as secretary of commerce (1921 9) and inspects his