Stuart Chase (March 8, 1888 – November 16, 1985) was an American economist (MIT), social theorist and writer. His writings covered topics as diverse as general semantics and physical economy. Chase's thought was shaped by Henry George, economic philosopher Thorstein Veblen and Fabian socialism. Chase spent his early political career supporting "a wide range of reform causes: the single tax, women's suffrage, birth control and socialism."  Chase's early books The Tragedy of Waste (1925) and Your Money's Worth (1928) were notable for their criticism of corporate advertising and their advocacy of consumer protection.
Chase was born in Somersworth, New Hampshire, on March 8, 1888, to public accountant Harvey Stuart Chase and Aaronette Rowe. His family had been living in New England since the seventeenth century. He attended Massachusetts Institute of Technology from 1907 to 1908 and graduated from Harvard University in 1910 as a public accountant. After graduating, Chase became part of his father's accounting firm in Boston. Chase married Margaret Hatfield in 1914 and had two children. He and Margaret got divorced in 1929 and one year later he remarried to Marian Tyler. Chase died in Redding Connecticut on November 16, 1985, at the age of 97.
In 1917, Chase left accounting and took a position with the Food Administration of the Federal Trade Commission in Washington, D.C., along with his former classmates, journalist Walter Lippman and John Reed and poet T.S. Eliot. In this commission, Chase conducted investigations on waste and corruption, one of them being the meatpacking industry with Upton Sinclair.
In 1921, Chase joined, along with economic philosopher Thorstein Veblen, the affairs of the Technical Alliance which later formed into Technocracy Incorporated, (Technocracy movement). Chase also worked with the Labor Bureau, which was an organization that provided services for labor unions and cooperatives. In 1927, Chase wrote Your Money's Worth, discussing advertisements that fail to deliver products that are advertised to customers who order them. In 1932, Chase wrote a New Deal, which became identified with the economic programs of American president Franklin Delano Roosevelt. Fabian socialist and Florence Kelley gave to Franklin Delano Roosevelt, which he used in his first presidential campaign agenda. He also wrote a cover story in The New Republic entitled "A New Deal for America", during the week that Roosevelt gave his 1932 presidential acceptance speech promising a new deal, but whether Roosevelt's speechwriter Samuel Rosenman saw the magazine is not clear. His 1938 book The Tyranny of Words was an early (perhaps the earliest, predating Hayakawa) and influential popularization of Alfred Korzybski's general semantics. Chase supported the isolationist movement and was against US entry in World War II, advocating this position in his 1939 book The New Western Front. After the war, Chase became involved in social science to labor and to the environment. He wrote The Proper Study of Mankind in 1948, where he introduced the social science to several college campuses.
In a 1952 article "Nineteen Propositions About Communism", Chase criticised the government of the Soviet Union, stating that Russian citizens, trade unions and farmers "had no power" in the Soviet Union, despite the claims of Communist supporters. Chase also dismissed the Communist Party of the USA as "our miniscule menace" whose members consisted of "a high proportion of frustrated neurotics and plain crackpots as well as some high minded-idealists-a tragic group, this last". Chase also quoted Herbert Philbrick to the effect that "the McCarthyites and demagogs...make the work of the FBI more difficult by confusing the innocent with the guilty."
Advisor to President Franklin Delano Roosevelt
Stuart Chase served as an advisor to President F.D.R.
Chase is famous for the quote at the end of his book A New Deal, "Why should the Soviets have all the fun remaking a world?" – a reference to the "socialist experiment" in the Union of Soviet Socialist Republics (USSR).
On pages 95 and 96 of The Road We Are Traveling, under the heading of "Free Enterprise into 'X'", Chase listed 18 characteristics of political economy that he had observed among Russia, Germany, Italy, Japan, and Spain between 1913 and 1942. Chase labeled this phenomenon "... something called 'X'". Characteristics include the following:
- A strong, centralized government.
- An executive arm growing at the expense of the legislative and judicial arms.
- The control of banking, credit and security exchanges by the government.
- The underwriting of employment by the government, either through armaments or public works.
- The underwriting of social security by the government – old-age pensions, mothers' pensions, unemployment insurance, and the like.
- The underwriting of food, housing, and medical care, by the government.
- The use of deficit spending to finance these underwritings.
- The abandonment of gold in favor of managed currencies.
- The control of foreign trade by the government.
- The control of natural resources.
- The control of energy sources.
- The control of transportation.
- The control of agricultural production.
- The control of labor organizations.
- The enlistment of young men and women in youth corps devoted to health, discipline,community service and ideologies consistent with those of the authorities.
- Heavy taxation, with special emphasis on the estates and incomes of the rich.
- Control of industry without ownership.
- State control of communications and propaganda.
- The Challenge of Waste 1922.
- Your Money's Worth: A study in the waste of the consumer's dollar (with Frederick J. Schlink). 1928
- Soviet Russia in the Second Decade – A Joint Survey by the Technical Staff of the First American Trade Union Delegation (with Rexford Tugwell). 1928
- The Tragedy of Waste New York, Macmillan, 1929 and 1937
- Men and Machines 1929
- Prosperity Fact or Myth. Paper Books, NY' 1929
- The Nemesis of American Business 1931
- Mexico – A Study of Two Americas 1931.
- A New Deal. New York, The Macmillan company, 1932. OCLC 172909
- Move the Goods 1934.
- The Economy of Abundance New York, The Macmillan company, 1934. Available via the Hathi Trust
- Rich Land, Poor Land 1936.
- The Tyranny of Words New York: Harcourt, Brace and Co, 1938. OCLC 822896
- The New Western Front (with Marian Tyler). Harcourt, Brace and Company, 1939.
- A Primer of Economics, 1941.
- A Generation of Industrial Peace;: Thirty years of labor relations at Standard Oil Company 1941.
- When the war ends book series 1942–46, guide lines to America's future as reported to the Twentieth Century Fund by Stuart Chase
- vol. 1: The Road We Are Traveling: 1914–1942 — Copyrighted in the United States until 2038 due to Renewal R189866
- vol. 2: Goals for America: a budget of our needs and resources.
- vol. 3: Where's the money coming from? Problems of postwar finance.
- vol. 4: Democracy under pressure: special interests vs the public welfare.
- vol. 5: Tomorrow's trade: problems of our foreign commerce.
- vol. 6: For this we fought.
- The Proper Study of Mankind Harper & Brothers 1948. OCLC 615390630
- Roads to Agreement: Successful methods in the science of human relations 1951
- Danger – Men Talking! a Background Book on Semantics and Communication
- The Proper Study of Mankind Harper Colophon Books, 1956
- Guides to Straight Thinking, With 13 Common Fallacies. New York: Harper, 1956. OCLC 307334
- American Credos 1962
Responses to Chase
- Vangermeersch, Richard G. J. The Life and Writings of Stuart Chase (1888–1985): From an Accountant's Perspective. Amsterdam: Elsevier JAI, 2005. ISBN 978-0-7623-1213-9
- Sullivan, Ronald (November 17, 1985). "Stuart Chase, 97, Coined phrase "A New Deal"". New York Times. Retrieved 2014-04-13.
Stuart Chase, an economist and member of President Franklin D. Roosevelt's brain trust who coined the phrase a New Deal, died yesterday at his home in Redding, Conn. He was 97 years old... During the 1960's, Mr. Chase was a strong advocate of the Great Society programs of President Lyndon B. Johnson... Mr. Chase opposed warfare and aligned himself with isolationists who opposed United States entry into World War II.
- Norman Silber. "Chase, Stuart"; http://www.anb.org/articles/14/14-00950.html; American National Biography Online Feb. 2000. Access Date: Wed Nov 06 2013 16:06:31 GMT-0500 (EST) Copyright © 2000 American Council of Learned Societies. Published by Oxford University Press.
- Westbrook, Robert B. "Tribune of the Technostructure:the Popular Economics of Stuart Chase". American Quarterly, Vol.32, Autumn 1980, pp. 387–408.
- Chapman, Richard N., "A Critique of Advertising: Stuart Chase on the "Godfather of Waste"" in Sammy Richard Danna (ed.), Advertising and Popular Culture: Studies In Variety and Versatility. Popular Press, 1992 ISBN 0-87972-528-1 (p.23-29).
- http://books.google.com.kh/books?id=JAwAAAAAMBAJ&pg=PA3&lpg=PA3&dq=Technical+alliance+stuart+chase&source=bl&ots=MPTyW-zy0w&sig=0QclptKL7mkHLA5mb5sp52zVrJg&hl=en&sa=X&ei=eVM8UfDIG4-ZiAfXj4DgCg&ved=0CEQQ6AEwBA#v=onepage&q=Technical%20alliance%20stuart%20chase&f=false Retrieved March-10-13
- http://books.google.com.kh/books?id=I1hayhB0DEYC&pg=PA136&lpg=PA136&dq=Technical+alliance+stuart+chase&source=bl&ots=o1NUGm8Esa&sig=SXJx2vKVuTTggfLqQ4vSB71GB00&hl=en&sa=X&ei=eVM8UfDIG4-ZiAfXj4DgCg&ved=0CEYQ6AEwBQ#v=onepage&q=Technical%20alliance%20stuart%20chase&f=false Retrieved March-10-13
- Stuart Chase, "Nineteen Propositions About Communism: An Editorial". The Saturday Review of Literature, April 5, 1952, (pp. 20–21).
- Gillespie, Nick (January 2008). "Remembering 'the forgotten man'". Reason 39 (8). Retrieved 2010-06-07.
The last sentence of Chase's book is, 'Why should Russians have all the fun remaking a world?'
- Chase, Stuart – The Road We Are Traveling, Page 95, 1942
- Chase, Stuart – The Road We Are Traveling, Pages 57, 58 – 1942
- Chase, Stuart – The Road We Are Traveling, Page 94, 1942
- Chase, Stuart; Tugwell, Rexford; Dunn, Robert (1928). "Catalog Record: Soviet Russia in the second decade". HathiTrust. Retrieved 15 November 2012.
- Nixon, Richard (October 30, 1969). "Richard Nixon: Special Message to the Congress on Consumer Protection.". presidency.ucsb.edu. Retrieved 10 July 2013.
- Quotations related to Stuart Chase at Wikiquote
- Mexico: A Study of Two Americas hypertext from American Studies at the University of Virginia.
- Stuart Chase Brief life of a public thinker: 1888–1985