WHAT AMERICAN ECONOMICS WAS LIKE...

during the McKinley years, which Karl Rove considered the Golden Age of Conservatism. Frank Taussig was a professor of economics at Harvard and wrote this in 1887 about railroad strikers:

...the men were endeavoring to to secure a share in management beyond that for which they were qualified. The slow and steady movement of society has evolved something like a military organization. The rank and file are assigned their duties and their places by the captains of industry.

SOURCE: Thorstein Veblen and His America, page 60.