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Constituencies and Legislation: The Fight over the McFadden Act of 1927

Raghuram G. Rajan, Rodney Ramcharan

NBER Working Paper No. 17266
Issued in August 2011, Revised in March 2012

---- Acknowledgments ----

We thank Edward Scott Adler, Daron Acemoglu, Lee Alston, Charles Calomiris, Price Fishback, Oded Galor, Sebnem Kalemli-Ozcan, Gary Richardson, Howard Rosenthal, Eugene White and seminar participants at the IMF, and the NBER Development of the American Economy and Income Distribution and Macroeconomic Groups for useful comments. Rajan thanks the Stigler Center for the Study of the State and the Economy and the Initiative on Global Markets, both at the University of Chicago's Booth School, as well as the National Science Foundation, for funding. Keith T. Poole and Kris James Mitchener kindly provided data. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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