| | As the Depression set in, terms like “[[planned economy]]” and “national planning” became the watchwords of the day. <ref>[http://www.independent.org/publications/article.asp?id=1468 ''FDR: The Man, the Leader, the Legacy''], Ralph Raico, Future of Freedom Foundation, April 1, 2001. Retrieved from The Independent Institute.org 06/17/07.</ref> They had been used by theoriticians for years and popularized by best-selling writers like George Soule and Stuart Chase, who lauded the Soviet Gosplan (central planning), asking plaintively, “Why should the Russians have all the fun of remaking a world?” One prominent [[Brain Trust]]ers was [[Rexford Guy Tugwell]]. Tugwell was a follower of the school of thought known as "Institutional Economics". His official position was assistant secretary of agriculture, that is, second in command to [[Henry A. Wallace]], but his influence extended far beyond that. Tugwell had traveled to the Soviet Union in 1927 and observed through scientific economic planning the Soviets were able to “carry out their industrial operations with a completely thought-out program.” “The future,” he announced, “is becoming visible in Russia.” Tugwell scorned the [[free market]] as anarchical, an uncoordinated muddle of hopelessly conflicting aims and purposes. It would have to be replaced by national planning, or technocracy, another shibboleth of the day, implying rule by the technical experts and managers, <ref>James Burnham, ''The Managerial Revolution'', (1966).</ref> like himself. | | As the Depression set in, terms like “[[planned economy]]” and “national planning” became the watchwords of the day. <ref>[http://www.independent.org/publications/article.asp?id=1468 ''FDR: The Man, the Leader, the Legacy''], Ralph Raico, Future of Freedom Foundation, April 1, 2001. Retrieved from The Independent Institute.org 06/17/07.</ref> They had been used by theoriticians for years and popularized by best-selling writers like George Soule and Stuart Chase, who lauded the Soviet Gosplan (central planning), asking plaintively, “Why should the Russians have all the fun of remaking a world?” One prominent [[Brain Trust]]ers was [[Rexford Guy Tugwell]]. Tugwell was a follower of the school of thought known as "Institutional Economics". His official position was assistant secretary of agriculture, that is, second in command to [[Henry A. Wallace]], but his influence extended far beyond that. Tugwell had traveled to the Soviet Union in 1927 and observed through scientific economic planning the Soviets were able to “carry out their industrial operations with a completely thought-out program.” “The future,” he announced, “is becoming visible in Russia.” Tugwell scorned the [[free market]] as anarchical, an uncoordinated muddle of hopelessly conflicting aims and purposes. It would have to be replaced by national planning, or technocracy, another shibboleth of the day, implying rule by the technical experts and managers, <ref>James Burnham, ''The Managerial Revolution'', (1966).</ref> like himself. |