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Paternalism and Liberty in the Market: Not quite a Naïf, Not quite a Con Man

In: The Kansas Blue Sky Act of 1911

Author

Listed:
  • David Ress

    (University of New England)

Abstract

The New Deal’s securities regulation did not follow Dolley’s Kansas Blue Sky model, despite Franklin Roosevelt’s early hints that it might. Ultimately, the Blue Sky Act reflected a vanished view of investment and of neighborly buying and selling in small, self-contained economies, such as the one Kansas Banking Commissioner Joseph N. Dolley had operated in as a credit-granting grocer and banker. Ultimately, too, the initial acceptance and later rejection of the Kansas model reflects a shift in American attitudes about the opposition of paternalism and liberty.

Suggested Citation

  • David Ress, 2023. "Paternalism and Liberty in the Market: Not quite a Naïf, Not quite a Con Man," Springer Books, in: The Kansas Blue Sky Act of 1911, chapter 0, pages 139-149, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-43831-8_10
    DOI: 10.1007/978-3-031-43831-8_10
    as

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