Development of the american economy.

• Position: Program and Working Group Meetings

The NBER's Program on the Development of the American Economy met in Cambridge on March 18. Program Director Claudia Goldin of Harvard University organized the meeting. These researchers' papers were presented and discussed:

* James J. Feigenbaum, Princeton University and NBER; James Lee, Cornerstone Research; and Filippo Mezzanotti,

Northwestern University, "Capital Destruction and Economic Growth: The Effects of Sherman's March, 1850-1920"

* Trevon Logan, Ohio State University and NBER, "Do Black Politicians Matter?"

* Henry S. Farber and Ilyana Kuziemko, Princeton University and NBER, and Suresh Naidu, Columbia University and NBER, "Unions and Inequality in Historical Perspective"

* Efraim Benmelech, Carola Frydman, and Dimitris Papanikolaou, Northwestern University and NBER, "Financial...