Back to the Land: Arthurdale, FDR's New Deal, and the Costs of Economic Planning
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From the Back Cover
"To read of America before the New Deal is not so much to read of another time, but of another country altogether. Arthurdale was the tipping point--every American born after its birth knows nothing of life in a Republic."
--From the Introduction
"Maloney shines a bright light on the darkest fallacy of the 1930s. To know the New Deal, read this."
--Amity Shlaes, author, The Forgotten Man, and Senior Fellow in Economic History, Council on Foreign Relations
"F. A. Hayek argued in the abstract that the success of socialism came from its utopian vision. C. J. Maloney articulately details one real-world example of how the centrally planned attempt to implement such a vision failed, but the decentralized efforts of common people succeeded in overcoming the obstacles laid in their path."
--Alexander McCobin, President, Students For Liberty
"I always pay attention to C. J. Maloney. He understands economics, the financial system, and our history. And he can write. Read this book."
--Llewellyn H. Rockwell Jr., Chairman, Ludwig von Mises Institute
"In lively and engaging prose, C. J. Maloney skillfully recounts the ill-fated history of the most famous of the New Deal's 'planned communities.' Although Back to the Land reveals the waste, hubris, and tragic clueless-ness of Arthurdale's federal patrons, including none other than Eleanor Roosevelt, Maloney never forgets the human element. He paints a vivid portrait of the ordinary men and women who took part in this 'experiment.'This is a book that will both entertain and inform . . . a timeless and nuanced case study about the unintended consequences of top-down social engineering."
--David Beito, Professor of History, University of Alabama; author of Black Maverick: T. R. M. Howard's Fight for Civil Rights and Economic Power
"Maloney combines extensive research with solid economics to present an astonishing story of FDR's attempt to design a new town from the top down. This government effort to create 'a human experiment station'--in the non-ironic description of Eleanor Roosevelt--predictably yielded a massive waste of tax dollars and a tragic loss of human liberty."
--Robert P. Murphy, author of The Politically Incorrect Guide to the Great Depression and the New DeaL
CJ Maloney (New York, ?NY) is a vice president and portfolio manager at a Wall Street investment firm, and often provides background analysis and comments for leading finance writers. He writes regularly on economics, history, and politics for Mises.org, LewRockwell.com, Anti-War.com, Liberty magazine, New York Young Republican magazine, Crit Hit, and others (sometimes under the nom de plume Cyd Malone), and speaks before libertarian groups such as the NYC Campaign for Liberty, the Manhattan Libertarian Party, and Ivy League Alliance/Students for Liberty at Columbia University. He graduated from SUNY Old Wesbury with a degree in finance and NYU Stern School with a MBA in finance/accounting. Prior to his position with Neuberger Berman, he was with Lehman Brothers from 2000 until the firm's collapse where he managed $500 million in taxable and tax-free accounts after running the MAP trade desk. Previously, Maloney worked on the NASDAQ trade floor at Prudential Securities from 1998 to 2000. He served four years in the United States Air Force from 1987 to 1991.
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